Swiss Franc Loans: Platform for Loan Restructuring Opens

The platform for applications to restructure mortgage loans in Swiss francs, granted in the 2000s, opens tomorrow. The restructuring concerns approximately 40,000 borrowers with debts totaling 6 billion euros.

Borrowers will have the opportunity until August to secure a haircut and better repayment terms, with the elimination of exchange rate risk through the conversion of the loan to euros, a low interest rate, and an optional extension of the term.

The arrangements are considered favorable by servicers, as they lead to the write-off of part of the debt and ensure attractive repayment terms. The interest rate can start from 2.3% for the reduced principal.

Eligible are individuals with loans in Swiss francs that have not been terminated and have not been subject to the Katseli law. Borrowers are classified into four categories based on their income and asset status. The exchange rate improvement for the conversion to euros ranges from 15% to 50%, and the fixed interest rate from 2.30% to 2.90%.

The application is submitted to the bank or loan servicer. The process begins on February 19, 2026, and ends on August 19, 2026. For categories 1-3, a certificate of inclusion from the Special Secretariat for Private Debt Management (ΕΓΔΙΧ) is required.