1. The consumer may withdraw from the credit agreement within 14 calendar days without stating the reasons for the withdrawal.
This period of withdrawal shall commence:
(a) from the day on which the credit agreement is concluded; or
(b) from the day on which the consumer receives the terms of the agreement and the information referred to in Article 10 of this Decision, if that day is later than the date of conclusion of the agreement.
2. If the consumer exercises the right of withdrawal, the consumer must:
(a) in order to effect the withdrawal before the expiry of the period provided for in paragraph 1 of this Article, inform the creditor accordingly on the basis of the information provided by the creditor in accordance with Article 10(2)(p) of this Decision, by any means that can be demonstrated in accordance with the applicable legislation. The 14-day time limit shall be presumed to have been observed provided that the said notification, where it is in writing or on another durable medium available to the creditor and to which the creditor has access, is sent before the expiry of the time limit, and
(b) to pay the creditor the principal and accrued interest on that principal from the date of the drawdown of the credit until the date of repayment of the principal to the creditor without undue delay and at the latest within 30 calendar days of the date on which the notification of withdrawal is sent to the creditor. Interest shall be calculated on the basis of the agreed lending rate. The creditor shall not be entitled to any compensation from the consumer in the event of withdrawal, other than compensation for non-reimbursable fees paid by the creditor to any public administrative body.
3. Where the creditor or a third party provides a supplementary service related to the credit agreement on the basis of an agreement between the third party and the creditor, the consumer shall not be bound by the supplementary service agreement if he exercises his right of withdrawal from the credit agreement in accordance with this Article.
4. Where the consumer has the right of withdrawal pursuant to paragraphs 1, 2 and 3 of this Article, Article 3(4) and Article 4a(6) and (7) of Act No. 2251/1994, as in force, for the protection of consumers when concluding contracts outside a shop and when concluding distance contracts.
5. This Article shall be without prejudice to any applicable provisions on contracts which specify a period during which performance of the contract may not commence.
In accordance with Directive 2013/11/EC, which was transposed in Greece by the KYA 70330/2015, the possibility of electronic resolution of consumer disputes through the Alternative Dispute Resolution (ADR) procedure is now provided for throughout the European Union. If the customer has the status of a consumer (i.e. a natural person acting outside his/her professional capacity) and has any problem with a purchase made from our Website, he/she can initiate the ADR procedure through the single pan-European platform for electronic dispute resolution (EDR platform) available at https://webgate.ec.europa.eu/odr/main/index.cfm?event=main.home.chooseLanguage