Bancpost, one of the largest Greek banks active in the local market, has reduced the minimum down payment for mortgage loans from 33% to 25% for credits in local currency lei.

For loans in euro, the down payment amounts to 35%, compared to a previous value of 43%.

The new lending conditions apply for loans below EUR 150,000. The financed properties also need to be in cities with over 15,000 inhabitants, where the real estate market is dynamic.

Bancpost was one of the first lenders that increased the down payment for mortgage loans after the giving-in-payment law was introduced. BCR, BRD, CEC, and Piraeus have also reversed their initial decision to increase the down payment, reducing it to lower values.

editor@romania-insider.com