The Board of Directors Civil Servants’ Equity Fund (MTY) decided to grant loan And this year.
In this context, the process of submitting applications for expressions of interest in loans has already been completed. A total of 2,300 applications were submitted and the amount of EUR 10 million was committed for the lending of loans by the MTPY.
The processing of applications has begun. For each application, the first check is carried out by the competent department and, if the criteria, which have been announced, shall be sent by the MTPY email, which calls on the shareholder to submit a loan application for a loan from the digital application, which has submitted the application.
Email will also receive those who do not meet the criteria referring to the specific reason for rejection of the application.
The beneficiaries
The Civil Servants’ shareholder grants loans (monetary facilities) to its active shareholders to face emergency financial needs during their employees.
Loans from the MTPY are entitled only by active shareholders. The shareholders of MTPY are the permanent regular civil servants, the staff (political and uniforms) of the Fire Brigade, as well as the ELAS civilian staff. and police officers who have been subject to the former city police insurance funds, as well as optionally registered municipal officials.
The shareholders can also be submitted by the shareholders up to 61 years of age.
Are not entitled to a loan:
- The non -shareholders of MTYS,
- Shareholders who have not completed a two -year participation in MTPY,
- shareholders over 61 years of age,
- Shareholders who do not have monthly, consecutive, regular reservations in favor of MTPY,
- shareholders who owe previous loan,
- shareholders who have applied for resignation,
- shareholders who are on unpaid leave and
- Shareholders who are not tax aware of the collection of money from public sector bodies other than central administration.
What’s going on
The granting of financial facilities to the members of the MTPY is always within its financial capacity and its approved budget.
According to the existing institutional framework, the nominal amount of loan, which the shareholder may request, corresponds to one or two or three monthly, basic, gross salaries.
Each loan, which is charged with all legal deductions (digital trading fee), is repaid in 36 equal, monthly, interest -bearing installments, with withholding from the employee’s payroll.
The interest rate is fixed throughout its repayment time and is determined, as are the other charges of the lending granted by the MTPY, each time by decision of the Board of Directors of the Fund.
It is noted that the right amount of a loan is withheld all the debts of the employee to the MTPY.
The delay in performance of a monthly installment is burdened with default interest. With the non -payment of three consecutive monthly interest -bearing installments, the MTPY is entitled to terminate the loan contract, to declare the loan and require the repayment of the entire unpaid and allocated amount.
At the same time, as announced by the MTPY, on March 10, 2025, the beneficiaries ‘bank accounts were deposited with the amounts of the latest approved loan applications, which had been submitted in October 2024. The process was completed, following the approval of the budget of the financial year 2025 and the tax budget for the financial year, and the taxation of the financial year and the taxation of the financial year and the taxpayers’ budget. Payment of any shareholders’ debts to the Greek State.
In total, from the applications submitted in the year 2024, 3,739 applications were satisfied and the total nominal amount of loans granted amounts to EUR 17,470.006.30.
The above applications do not include those who have canceled the shareholders themselves or did not sign the loan agreement in a timely manner, as well as applications for which the consent of the competent payroll liquidators were not received by the MTP, as well as the non -taxable taxpayers ‘applications, as well as the non -taxpayers’ applications for non -taxpayers. They have settled their debts to the Greek State.
Detailed information is available in her link MTP website.
Source: RES – EIA