The Bank sends you a monthly notification regarding your housing loan, remaining principal, remaining installments, the interest rate on outstanding amounts, etc.  Moreover, if you’re using NBG Internet Banking, you can register with i-bank statements and receive the notifications via email.  

For ESTIA Green Home you can choose:

A floating interest rate based on 3M Euribor plus interest margin throughout the entire term of the loan or

A fixed interest rate for the first 3, 5, 10, 15, 20, 25 or 30 years and floating rate thereafter based on 3M Euribor plus interest margin.

Note that the floating interest rate is subject to changes in line with any increase or reduction in Euribor and this may cause your instalment amount to go up or down. Also note that the loan's interest rate is subject to the levy under Law 128/75, currently 0.12%.

You can find all the details regarding the loan rate and charges here. Please note that the interest rate is calculated when your application is assessed, taking into account factors such as the purpose of the loan, the value of the mortgaged property and your credit score.  

However, ESTIA Green Home also offers you an additional discount on the floating rate margin.  This means that you earn a reduction in your interest rate depending on the energy class of the house after the purchase or after the completion of construction or repair works. This reduction amounts to 0.25% for energy classes A and A+ , 0.15% for energy classes B and B+ and 0.10% for energy class C. For example, if the floating rate margin is normally 2.00% and you are entitled to a 0.25% discount, the final interest margin on your loan will be 1.75%.

The reduced interest rate shall apply during the floating rate period and the reduction shall apply to the floating rate margin.

Depending on the purpose of the loan and the interest rate type (fixed or floating):

• For the purchase of a home, the reduced interest rate applies from the first instalment for loans at a purely floating interest rate or from the first instalment of the floating rate period for loans with an initial fixed rate period.  
• For the construction or completion of the house, the reduced interest rate starts to apply after the completion of the works, on the floating rate margin, as long as the loan is performing. 
• For home repair, the reduced interest rate starts to apply after the completion of the works, on the floating rate margin, as long as the loan is performing and the house has been upgraded by at least 1 energy class.

If you choose a fixed interest rate for an initial period and then a floating one, then the reduced interest rate applies from the first instalment of the floating rate period, provided that the necessary conditions are met.

The disbursement of the loan amount depends on the purpose of the loan.  

• In the case of a home purchase, the loan amount is disbursed in a lump sum. 
• In the case of construction, the loan amount is disbursed through partial disbursements, following the progress of your project. After the first payment, an engineer in partnership with the Bank will monitor the progress of the construction works before every subsequent payment. 

You can update your personal details using your Online Banking codes. Through eGov-KYC, you can change your income figure, contact details, address, and profession, or you can upload the relevant verification documents. Alternatively, you can visit one of our NBG branches. You can learn more about all the relevant documentation in the information brochure.

Yes, insurance coverage is required to protect your financed property against basic risks, such as fire and earthquake, pipe fracture/cracking, burglary, etc.  

You can choose any insurance company you want. Ethniki Insurance can undertake to protect your property at a particularly low premium, through quick and easy procedures. Specifically, you can have: 

• a minimum property coverage plan 
• a minimum and additional property coverage plan 
• a content coverage plan. 

You can also opt, optionally, for borrower's Life insurance with a low premium from Ethniki Insurance, to ensure the repayment of the loan in case of unforeseen events (death due to illness or accident), without this being in any way mandatory. 

Terms and conditions apply. The said insurance coverage offered through Ethniki Insurance, if chosen, is provided with the mediation of National Bank of Greece SA, Aiolou 86,10559, Athens, GEMI No 237901000, Company Reg. No.: 311481. The distribution of the insurance programs is carried out only by the Bank’s officials who are certified insurance intermediaries. The Bank is registered as an insurance agent with the Special Registry of the Athens Chamber of Tradesmen under No. 1028. The Special Registry’s data are available through the online platform “Single Information Point (SIP) for Active Insurance Intermediaries”, via which you can verify the registration with the Special Registry. 

Yes, you can apply online if you have Internet Banking access codes. To apply now, click here.

Internet Banking enables you to make all your transactions on your computer or phone, anytime, anywhere, easily, quickly, and safely. If you are not an Internet Bank user, you can learn more about this service here and sign up.

Taking out a mortgage

After signing the loan contract at the branch, it’s time to pay the mortgage prenotation expenses and initiate all relevant actions. An NBG associate lawyer undertakes to arrange the mortgage prenotation and obtain all relevant certification upon completing the process.  

Loan disbursement 

As soon as all formal procedures are concluded, we’ll get in touch with you so you can notify us of the date you would like the loan to be disbursed to your account. If you’re taking out the loan for construction/completion or repairs, the subsequent loan amount is disbursed through partial disbursements, in line with the progress of your project. After the first payment, an engineer in contract with the Bank will monitor the progress of the construction works before every subsequent payment. 

It would be best if you endeavored to settle your dues as soon as possible. Failure to pay an installment incurs default interest for the period it remains in arrears, while it is also taken to indicate transactional delinquency. In addition, your loan agreement may stipulate further penalties.