Everything you need to know about the Loan Instalment Suspension Plan and our new Credit Card Scheme
Loan Instalment Suspension Plan
No rush, do not put yourself at risk
- The suspension will apply as of 30 March 2020, even if the application is submitted later
- AstroBank injects liquidity into the market via credit cards
Loan Instalment Suspension Plan, according to the Decree
With its top priority being to protect its customers and staff, AstroBank announces that it has activated the mechanism to Express Interest in suspending loan instalments, based on the Law, and it has already started processing customers’ requests. The Bank aims to avert the possibility of customers visiting the Bank’s contact points, and definitely to avoid overcrowding and/or any other violation of the Ministry of Health’s Instructions. To this end, in order to assist customers, the suspension of loan and interest instalments will be implemented as of 30 March 2020, as provided in the relevant decree, even if the application is submitted later. Therefore, there is no rush to submit the Expression of Interest.
The relevant Decree has been uploaded to the Bank’s website, along with the Expression of Interest application and the Explanatory Note that describes the plan and the procedure that interested parties need to follow.
As a result of the developments, the Private Housing Loans Suspension Plan that AstroBank announced because of the coronavirus on 24 March 2020, before the relevant law was passed, is being withdrawn and those interested will instead be served through the abovementioned Law and Decree.
New Credit Card Scheme
Given that the Loan Instalment Suspension Plan does not cover credit cards, and aware of the liquidity needs its customers might have, AstroBank announces its Private Credit Card Limit Increase Scheme, which provides interested parties with a temporary increase of their Credit Card Limit by 10%, up until 31 December 2020.
The increase is effective within 5 working days from when the primary debtor (as well as possible co-debtors or guarantors) sign the relevant amendment to their contract. The proposal applies to any natural person who did not have arrears of over 30 days on 29 February 2020, in any credit facility they have with AstroBank. It does not apply in the case of Credit Cards with a current limit of over €20,000 and Secured Credit Cards. ν.
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Αίτηση αναστολής δόσεων με βάση το νέο Νόμο
Διευκρινιστικό Σημείωμα Διατάγματος για Αναστολή Δόσεων
Το περι της Λήψης Έκτακτων Μέτρων από Χρηματοοικονομικούς Οργανισμούς και Εποπτικές Αρχές Διάταγμα
Αίτηση προσωρινής αύξησης ορίου σε πιστωτική κάρτα
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