Loyalty Reward Program for Consistent Borrowers with ‘Freezing’ of Interest Rates – UCI

September 14, 2022

At UCI Greece, responding to market conditions and challenges arising from continuous interest rate increases, we apply a Rewards Program for our loyal clients, offering a 'freezing' on mortgage interest rates.

Benefits for our clients:

  • Protection against future increases in reference interest rates
  • Reduced fixed installment for the entire program duration.

Brief Description of the Rewards Program:

  • ‘Freezing’ of the reference interest rate valid as of 31/03/2023.
  • Fixed Installment
  • Protection against future interest rate increases for a period of one year.
  • Automatic enrollment in the Program provided the mortgage does not have overdue debts with a reference date of 04/05/2023 and remains without overdue debts every month throughout the program period.
  • No action required by the borrowers.

Key features of the Program:

Who is eligible:

All borrowers with variable interest housing and consumer loans are automatically included in the Program (excluding loans under regulation status).

Key inclusion requirements:

The loan must be up to date (0 days overdue) with no overdue debts as of 04/05/2023. The loan must remain up to date throughout the entire 12-month Program period. In case the loan incurs any overdue debts in any month, the borrower will automatically be excluded from the Rewards Program, losing the preferential pricing.

Preferential Fixed Interest Rate:

The Rewards Program involves applying the reference interest rate valid as of 31/03/2023 and absorbing future interest rate increases for a total duration of one year.

The following table presents the interest rates applicable upon enrollment in the Rewards Program:

Reference Index Program Interest Rate

ECB Interest Rate 3.500%
1-month Euribor 2.710%
6-month Euribor 3.267%
12-month Euribor 3.647%

The above reference interest rates are added the spread as provided in the loan agreement, as well as the contribution specified by Law 128/1975.

In case there is a reduction in reference interest rates during the Program to levels lower than the preferential fixed interest rates of the Program, the lower rates will be automatically applied for the immediate benefit of the borrowers.

For more information regarding the terms and conditions of the Program, please contact UCI Greece via phone at 210 7491855 or 2107491803 and via email: lms@uci.com.

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