Are There Loans at Bank of Athens? Features and Contact Details
In the following article, I will give you all the necessary information you need to know about the variety of loans available at Bank of Athens. After that, I would like to show you how it is possible to contact this bank in South Africa, so that you can communicate with its members and begin the application process right away. Let’s see.
There are three loans available at Bank of Athens:
1. PROPERTY FINANCE
One of the most requested kind of properties clients want to obtain are commercial ones, as they have a crucial function in the development of their business. These are the benefits clients can enjoy with a Property Finance:
-Obtaining fixed assets that are useful for the industrial, commercial, retail and agricultural field
-Extending existing properties
-Refinancing the client´s property
-Repaying for the loan in long or medium periods of time
There are further benefits such as obtaining a personalized assistance by the members of the bank in the whole procedure, finding a suitable financing periods of time to complete the financing of the loan and having access to an overdraft that will help the client meet any type of capital requirements.
What do clients need to qualify for this loan?
Clients will need to submit all the necessary information related to the property that will be finance and will need to agree to the contact established between the bank and a valuator specialized in this field. The main objective of this valuator is to make sure that the client is well investing its capital. Moreover, the bank will check what the client´s affordability is.
There is some documentation required, such as the sale agreement, the rent role, statements of the property, cash flow statements, statements of the different assets and liabilities the client holds, and also bank statements. After submitting those documentation, you will need to agree to pay for the loan in fixed interest rates that are calculated on a daily basis and need to be paid at the end of each month.
2. RESIDENTIAL PROPERTY FINANCE
This type of finance aims at giving the client financial support so as to purchase the most luxurious kind of properties, a residential one. So, clients that want to easily finance a property like this one, can resort to Bank of Athens. They can make use of mortgages so as to complete the financing of such possession.
The bank guarantees its clients, that they will be totally supported throughout the whole procedure, by the main professionals of the bank.
What type of benefits can clients obtain from this loan when they finance their property?
-Clients can finance the property of their wishes whenever they agree with the terms and conditions of the bank
-The mortgages clients have access to last around 20 years, but they can also select shorter periods of time to finance the whole loan
-Clients that choose shorter financing periods end up paying less interest rates
-Interest rates paid by clients are quite competitive and low
What about the requirements?
In order for the client to qualify for a loan like this one, he/she must have all the data related to the property chosen and also agree to an examination by the bank to check the affordability of the client.
Find the best loan of South Africa
Now, pay attention to the documentation requested by Bank of Athens:
-An offer to purchase the residential property
-A statement of the client regarding the different liabilities and assets owned
-A statement with information regarding the income of the client
-A bank statement of the client
-A statement with information regarding the salary of the client
-Documentation provided by the FICA
The bank can also ask you to submit additional pieces of information, but they will let you know this once you have applied for the loan.
If you are worried about the interest rate, you need to know that the bank will calculate it each day and it needs to be paid on a monthly basis. Of course, such interest rate will always be based on the risks taken by the bank for granting such loan to the client.
Before finishing with the article, let’s take a look at the last loan available at Bank of Athens:
VEHICLE & ASSET FINANCE
This finance happens to be quite useful whenever clients want to purchase machinery and equipment for their companies, so that their company can establish in the market. They can easily get access to movable assets that have a crucial function in the development of their business. It does not matter what type of valuable asset business owners have in mind, the bank will make sure to afford it. So, the client can for instance purchase a motor vehicle, a cement mixer and any type of machine that their business is requiring when applying for the loan.
If your business needs to expand and you need it to gain recognition and prestige, this loan can be just ideal for you. What will you need? You will need to pay interest rates, based on a daily charge and which need to be completed each month, with no exceptions. Of course, such rate will be determined by the bank in accordance with the financial risks taken by the company.
If you are interested in obtaining further data about each of the loans, I recommend you to contact a manager from the company. Now before I conclude this article, let me tell you that the Prime Lending Rate applicable to each of the loans is of 10.50%.
How can I contact Bank of Athens?
You can go to one of the physical offices of this bank located in Johannesburg, at Wierda Valley. The exact location is 54 Wierda Road, inside Building 3. You can find this office in the Inance Greens Business Park.
There is another office in Pretoria, located at the Nieuw Muckleneuk, whose exact address is Fehrsten Street.
You can enter the bank´s website so as to contact the company, by filling a form with your data.
You can also send an email to the company, to this address:firstname.lastname@example.org
There is another email address, designed for obtaining support from the bank: email@example.com and one for customer service:firstname.lastname@example.org
You can communicate with the bank over the phone: 0861 102 205, but if you are calling from abroad you can dial up their international phone number:27 (0) 11 634 4300
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