Mortgage Loan Guide in Greece

Obtaining a mortgage loan in Greece is a process that requires proper preparation, understanding of key terms, and realistic evaluation of financial data.
This guide systematically compiles all the critical information a prospective borrower needs to know — from the initial assessment of the requested amount to loan management after approval.

The sections that follow cover the natural progression of a homebuyer in Greece, presented through a structured thematic approach.

1. Before Deciding on a Mortgage Loan

Before initiating any application, it is essential to have a clear understanding of your financial capacity and the key banking assessment criteria.

2. Interest Rates and Financing Structure

A proper understanding of the interest rate structure directly affects the total cost of the loan and the long-term sustainability of the installment.

Fixed or Variable Interest Rate – What Is the Difference
What Is Euribor and How Does It Affect the Monthly Payment
How Is the Monthly Mortgage Payment Calculated
What Is the Annual Percentage Rate (APR)
Hybrid Interest Rates and Term Options

3. Evaluation and Approval Process

Mortgage approval does not depend solely on income, but on a comprehensive risk assessment conducted by the bank.

How Does the Bank Assess a Mortgage Application File
How Long Does the Approval Process Take
How Do I Compare Bank Offers
How Do I Negotiate an Interest Rate
What Happens in Case of Application Rejection

4. Property Purchase and Related Costs

Financing is only one part of the overall purchase process.

What Are the Costs of Purchasing Property in Greece
What Should I Know Before Signing a Contract
How Is the Legal and Technical Due Diligence of a Property Conducted
Which Costs Are Not Covered by a Mortgage Loan

5. After Approval – Loan Management

Mortgage management continues even after disbursement.

Early repayment – what applies
Mortgage loan refinancing
What happens in the event of interest rate increases
How can I reduce the total cost of the loan

Important Note

A sound financing strategy is not based solely on the lowest interest rate, but on a comprehensive assessment of cost, risk, and the intended holding period of the property.

This guide is based on practical experience in mortgage file assessment and collaboration with Greek banking institutions, aiming to provide objective and well-documented information to the borrower.