Hellenic Bank has announced a reduction in the reference interest rate for loans linked to the European Central Bank's (ECB) base rate. The rate will decrease by 0.25%, from 3.15% to 2.90%, effective February 5, 2025.
This change aligns with the ECB's recent interest rate cut, which occurred on January 30. The adjustment also affects interest rates on loans tied to interbank Euribor rates, benefiting over 6,000 borrowers.
Additionally, Hellenic Bank has recently lowered its base rate by 0.21%, now standing at 1.91%. This reduction is expected to positively impact more than 90,000 borrowers, including both individuals and businesses, aiding them in managing borrowing costs.
The bank continues to offer fixed-rate mortgage options: 2.95% for the first three years or 3.10% for the first five years, along with a package of benefits for first-time homebuyers.
This mortgage product is part of Hellenic Bank's My Home Rewards programme, which allows customers to secure favorable financial terms and includes a cashback offer of up to €2,000 for home furnishing purchases from partner retailers.