By means of NBG's Reward Program for Performing Borrowers, our aim is to contribute to the smooth financial planning of households and to relieve our customers from additional pressures and potential hikes in interest rates. We are actively supporting our customers, consistently and responsibly, with the cost of the Reward Program covered exclusively by National Bank of Greece.

Floating interest rate Housing and Consumer loans, secured by mortgage prenotation, including also rescheduled loans, regardless of the currency, with a reference interest rate of 1M Euribor, 3M Euribor, ECB Rate, 1M SARON and Consumer Credit Base Rate (CCBR), are included in the Reward Program, while housing loans that are paid off at different reference rates (such as loans at administratively defined Mortgage Lending rates or Greek Government Treasury Bills) are not. If the loan is subject to an applicable interest rate cap, the Program’s interest rate cap shall apply only if the Program’s interest rate is more favorable than the applicable rate.

The Program initially lasted 12 months, but it has been automatically extended for another 12 months for loans that will continue to be paid back normally.

Under the Program, holders of floating interest rate loans will be able to enjoy the benefits of a fixed interest rate throughout the period it applies. Customers will be kept up-to-date about the interest rate of the loan and the respective reduced instalment by means of account statements.

If during the Program reference rates fall below the Program interest rates, then the lower rates will apply, for the benefit of the customers.

The loan must be duly paid back by the scheduled instalment deadlines in order for the customer to continue to enjoy the bonus pricing and the fixed instalment.

You can find out more about the terms and conditions of the Program by visiting your local NBG Branch.