Installment Loan at a glance

If you need to make a large capital purchase like buying new equipment, machinery or vehicles, or simply require capital to fund your stock purchases or business expansion then the My Business fixed rate instalment loan is ideal. It gives you fixed interest and monthly payments for the whole term of the loan, which provides the certainty of knowing exactly what your repayments will be every month.

You can borrow up to €3 million with no collateral or security requirement and set your fixed term repayment period anywhere between 12 and 48 months. In line with National Bank of Greece’s fair pricing commitment, you have the added assurance of knowing that you will be paying amongst the lowest comparable rate of interest in Cote d'ivoire, fixed for the duration of your loan.

Features and Benefits

◢    No collateral or security requirements: Hassle-free access to finance with minimum formalities

◢    Fair pricing, with a commitment to maintain fees and profit rates amongst the lowest in the market.

◢    Fast decision making and processing turn-around times, with the majority of credit decisions made within 48 hours

◢    Transparency: Clear and straightforward terms, conditions and eligibility requirements

◢    Convenience: All repayments are automatically direct debited from your business bank account

◢    Flexible repayment tenure: Choice of repayment periods between 12 and 48 months

◢    Loan top up facility after 12 months of satisfactory loan performance

◢    No requirement to submit audited annual statements

◢    Buy-out option: National Bank of Greece will help you to transfer your existing loans and credit facilities from

       another bank

Eligibility Criteria

◢    Open to all registered business entities operating in the trading, manufacturing, professional or service sectors.

◢    Business operating for at least two years, with annual sales turnover of €2,000,000 or over.

◢    Applicants should be between 25-65 years during the finance tenure.

◢    Minimum of 6 months relationship with National Bank of Greece or another bank, maintaining a minimum bank account

       balance of €25,000.