Piraeus Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Piraeus Bank suits Greek residents who want same day funding and free early repayment on a personal loan. The Piraeus e-loan charges an APR of 12.16% to 12.18% on amounts of €500 to €15,000 over a term of 6 to 84, with a fixed rate mortgage alongside.

Key facts

Best for
A quick personal loan for a Greek resident who can absorb a higher rate of borrowing.
APR
12.16% to 12.18% (Source, checked September 26, 2026)
Loan amount
€500 to €15,000 (Source, checked September 26, 2026)
Term
6 to 84 months (Source, checked September 26, 2026)
Arrangement fee
EUR 90 for loans of EUR 500-5,000; EUR 200 for loans of EUR 5,001-15,000 (loan application review fee) (Source, checked September 26, 2026)
Funding time
Instant on approval, credited directly to the customer's account (Source, checked September 26, 2026)
Representative example
Piraeus e-loan: APR 12.16% for €3,000 over 24 months, fee €90, variable rate 11.55% (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Aged 18-70 at end of loan; permanent residence, Greek ID and sole tax residence in Greece; not a US citizen or taxpayer (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Legal entity
PIRAEUS BANK Société Anonyme (S.A.) (Source, checked September 26, 2026)
Headquarters
Greece (Source, checked September 26, 2026)
Founded
1916 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre, Chat (Source, checked September 26, 2026)
Features
Same-day funding
Official website
piraeusbank.gr

Mortgages

Initial rate
2.4% (Source, checked September 26, 2026)
APRC
4.88% (Source, checked September 26, 2026)
Fixed period
3 to 30 years (Source, checked September 26, 2026)
Maximum loan to value
80% to 90% (Source, checked September 26, 2026)
Product fee
€350 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
PIRAEUS BANK Société Anonyme (S.A.) (Source, checked September 26, 2026)
Headquarters
Greece (Source, checked September 26, 2026)
Founded
1916 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre, Chat (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInXappgallery.huawei.com

Pros and cons

Pros

  • Funding is instant on approval, and the money is credited straight to the customer's own account.
  • Early repayment is free, so clearing the balance ahead of schedule carries no extra charge at all.
  • Amounts run €500 to €15,000 with a term of 6 to 84, and the same bank offers fixed rate mortgages at 2.4%.
  • The bank lends directly rather than through a broker, and support covers phone, email and help centre.

Cons

  • An APR of 12.16% to 12.18% sits around the site median of 12%, among the costlier loans here.
  • A loan application review fee applies to the personal loan, and it steps up as the amount borrowed grows.
  • The personal loan sits on a variable rate, and the fixed rate option belongs to the mortgage offer.
Piraeus Bank

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Scored 9.3 / 10 by BorrowCue.

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Who it suits

  • Adults with permanent residence, a Greek ID and sole tax residence in Greece, who sit inside the bank's age band at the end of the loan.
  • Borrowers who want the money in their account the moment a decision is made on the application.
  • People who expect to clear the balance early, since free early repayment is offered on the personal loan.

Who should look elsewhere

  • Monzo Flex, if you want a wider spread of rates, since its APR runs 10% to 23%.
  • Cashspace ES, if the cost of borrowing matters most, since its listed APR is 0%.
  • Cashspace, whose APR runs PHP 12 to PHP 36, above the 12.16% to 12.18% Piraeus charges.

How Piraeus Bank compares

Where Piraeus Bank is available

Available
Greece
Licence in Greece
Bank of Greece (MiCA CASP 213800OYHR1MPQ5VJL60), checked September 26, 2026, also valid in Greece

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does the Piraeus e-loan charge?+

The Piraeus e-loan runs at an APR of 12.16% to 12.18% and the rate type is variable. A published representative example pairs that APR with a loan application fee on a smaller borrowing over a shorter period than the full 6 to 84 term allows.

What fees apply to the loan?+

Personal loans carry a loan application review fee, and it steps up with the amount borrowed. Loans at the lower end of €500 to €15,000 pay less than the top band. The mortgage side is charged a product fee of €350 instead.

Who regulates Piraeus Bank?+

Piraeus Bank is licensed by the Bank of Greece in Greece, and the legal entity behind the loans is PIRAEUS BANK Société Anonyme (S.A.). The group dates its history back to 1916, so the name sits with a long established banking group rather than a new lender.

How quickly does the money arrive?+

Funding is instant once a decision is made, and the money is credited straight to the customer's account rather than paid out in some other way. The listing carries same day funding as a feature, and support runs on phone, email and help centre if you need to check on it.

Can I repay the loan early?+

Yes, early repayment is free on the personal loan, so settling the balance ahead of the 6 to 84 term carries no charge. That makes it easier to clear the loan if the variable rate at 12.16% to 12.18% moves against you later.

Who can apply?+

Applicants need permanent residence, a Greek ID and sole tax residence in Greece. The bank also sets an age band that must still hold at the end of the loan, and the rules exclude US citizens and US taxpayers. Borrowing is limited to €500 to €15,000 with a term of 6 to 84.

Can I get a mortgage or a remortgage as well?+

Yes. The fixed rate mortgage covers purchase and remortgage and starts at an initial rate of 2.4%, with an APRC of 4.88%. The fixed period runs 3 to 30 and the maximum loan to value is 80% to 90%, against a product fee of €350.

How does the rate compare with other lenders here?+

The 12.16% to 12.18% charged on the personal loan sits around the site median of 12%, with the site range running 6.13% to 24.92%. The mortgage side is cheaper by comparison, with an APRC of 4.88% against a site median of 4.9%.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Credit check.

Piraeus Bank

Piraeus Bank

A quick personal loan for a Greek resident who can absorb a higher rate of borrowing.

9.3/10See alternatives

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