What Real Estate Development is

A specialized loan granted to businesses that build sites in order to resale (construction companies, contractors etc.)

Main features

  • Gradual disbursement according to the progress of the project

  • Biannual interest payment

  • Assessment of the request for financing after the business plan, containing the detailed project budget, the building permit etc., is submitted

  • First-rank mortgage of the real estate

  • Maximum duration is 5 years, depending on the project size and timetable


  • Financing up to 80% of the project budget

  • Repayment takes place after the under-construction residences are sold

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 current phone bill confirming your phone number.

  • A bill from a Public Utility Organization or any other document certifying your address


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.