What Business Commercial Mortgage is
A loan granted for the acquisition, construction, expansion or upgrade of your premises, funding up to 80% of the total cost and repaid in a period up to 15 years long.
Granted with collateral (first-rank mortgage of the financed real estate)
Repayment period up to 15 years
In cases of construction, completion or upgrade of business premises, the business submits the project’s budge and the funds are disbursed gradually as progress is confirmed
Offered for the purchase, construction or restoration of business premises, including the purchase of land
Floating interest rate, according to standard rates for consumer loans, determined according to the borrower’s credit rating and submitted guarantees.
Repayment in installments or installments plus interest with a frequency adapted to your financial potential – there is also the option of a grace period
Option to repay the loan early at no extra cost.
Funding up to 80& of the estimated commercial value of the real estate in case of acquiring a new site
Funding up to 80% of the budget in case of building a new site
In order to make a loan request at the Cooperative Bank of Chania, you will need the following documents:
ID or Passport
Recent income tax statement
A bill from a Public Utility Organization or any other document certifying your address
A current phone bill confirming your phone number.
Where applicable, you may be asked to provide further and/or different documents. Please visit or contact any Βranch of the Cooperative Bank of Chania.