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