How much mortgage financing can I obtain in Greece?

The amount of mortgage financing you can obtain in Greece depends on your income, existing financial obligations, the value of the property, and your credit profile. Banks apply specific assessment criteria to determine the maximum financing amount that can be approved.

Which factors determine the loan amount?

Banks assess the applicant’s overall financial profile before approving financing. The main factors that influence the loan amount are:

• Net monthly income
• Existing loans and obligations
• Credit history
• Employment stability
• Borrower’s age
• Property value and type

What percentage of the property value do banks finance?

In Greece, banks typically finance up to 80%–90% of the property’s commercial value, depending on the borrower’s profile and the type of purchase.

Mortgage Loan Calculation Example

For example, if a property is valued at €200,000, the bank may finance approximately €160,000–€180,000, while the remaining amount must be covered by the buyer’s own funds.

Frequently Asked Questions about the Mortgage Loan Amount

What percentage of income can be allocated to the installment?

Banks typically require that the monthly installment does not exceed 30%–40% of the net monthly income.

Can I obtain a larger loan with a guarantor?

Yes. The addition of a guarantor or co-borrower may increase the total available financing amount, as it strengthens the overall financial profile of the application.

Would you like to find out the loan amount you can obtain?

The exact financing capacity is determined following an individualized assessment of your financial data.

The information on this page is based on the professional experience of Georgios Evangelinos, a certified Credit Intermediary for real estate loans authorized by the Bank of Greece and founder of Hellenic Financial Advisors.

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The information on this page is based on the professional experience of Georgios Evangelinou, a certified Credit Intermediary for real estate loans authorized by the Bank of Greece and founder of Hellenic Financial Advisors.