TEPIX III Loan Fund – co-financed loans with 40% interest-free

In plain words

A loan where HDB puts in 40% interest-free and the bank 60% at a lower rate, subsidised by up to 3 points for the first 2 years. The current phase's money is used up; it reopens when fresh funds are added (this has happened several times).

Who can apply

Micro, small and medium businesses established in Greece, in an eligible activity code, with tax and social-security clearance.

What it pays for

Investment loans of €20,000–€1,500,000 (de minimis) or up to €8,000,000 (for young firms/new markets under the GBER), 5–12 years; working-capital loans of €10,000–€500,000, 2–5 years. Collateral up to 100% of the loan.

What must be true for you

Tick what applies. Saved on this device only.

• SME in an eligible activity code, with tax and social-security clearance.
• De minimis loans need headroom under the €300,000-per-3-years state-aid ceiling.
• GBER investment loans (up to €8m): firm under 10 years since registration or 7 years since first sale, or entering a new market.
• Business plan and bank credit approval; ESG Tracker.

How to apply

1. Pick one or more partner banks (e.g. National Bank, Piraeus, Alpha Bank, Eurobank, Optima, CrediaBank, Bank of Epirus, cooperative banks of Thessaly, Karditsa, Chania).
2. Apply on HDB's KYC platform (kyc.hdb.gr) with your company details and business plan; tax/social-security clearance and credit-bureau (Tiresias) checks run automatically.
3. The request goes to the banks you chose; when one makes a non-binding offer you get a unique code.
4. Use the code to file the application on the state-aid system ΟΠΣΚΕ (app.opske.gr).
5. Fill in the ESG Tracker self-assessment (esgtracker.hdb.gr) – mandatory, but it does not affect eligibility.
6. Hand the documents to the bank, which checks your creditworthiness and signs the loan agreement with you.

Where to apply: Πλατφόρμα KYC της ΕΑΤ (kyc.hdb.gr) + ΟΠΣΚΕ (app.opske.gr) + συνεργαζόμενη τράπεζα / HDB KYC platform + OPSKE state-aid system + partner bank

Deadline

HDB says the funds of phase E are used up – new applications only when a new phase opens with fresh money. The fund runs until 31 Dec 2029.

See also

• TEPIX III Guarantee Fund – General Entrepreneurship (state-guaranteed bank loans)apply any time · All of Greece
• TEPIX III Guarantee Fund – micro and small businesses up to 5 years old (80% state guarantee)apply any time · All of Greece
• TEPIX III Microcredit Fund (micro-loans of €3,000–€25,000)apply any time · All of Greece
• InvestEU-guaranteed business loans through Greek banks (EIF / EBRD)apply any time · All of Greece