The Cooperative Bank of Chania, in collaboration with Syneteristiki Insurance, offers a Borrower group insurance program that protects borrower from incidents that may hinder them from repaying their loan.
Thus, the loan repayment is ensured in cases of loss of life or permanent disability from accident and/or illness without burdening legal heirs. The main feature of this insurance plan is that the insured capital is gradually reduced, depending on the loan repayment schedule and duration, ensuring the minimum possible cost for the borrower.
