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.

Main features

  • 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

Required Documents

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.