For those who have chosen Alpha Bank for their housing loan, we now offer the new Alpha House Expenses Consumer Loan. Our new product offers you a lot of benefits and helps you cover contigent expenses or/and planned financial needs that have to do wtih your new house, the education of your children or evern he balance transfer of all your current debts from credit cards and consumer loans.
Take advantage now of the new Alpha House Expenses Consumer Loan and gain the liquidity you always wanted! Your liquidity will be increased even more as you repay your Housing Loan and therefore will be at your disposal to use according to your needs and wishes!
You can take advantage of all the above:
Without additional expenses
Without new application procedures
Without written pre-notice of your house
Cover now fast and with flexibility your housing loan expenses (e.g. tax and contract expenses, brokerage fee, other moving out/in expenses) or expenses for further needs (e..g. education expenses, balance transfer or all your current debts from credit cards and consumer loans, expenses for the improvement of your house and more) and all the above mentioned with very low cost!
Alpha House Expenses Consumer Loan ofers you even more choises like:
Skipping your monthly instalment up to twice a year
Choosing your monthly instalment payment date and change it whenever you wish to
Choose the type of your minimum monthly instalement: payment of interest only 1,5% of 2,5% or 3,5% of your current outstanding balance of your loan or fixed monthly instalment... and changing your choise whenever you wish to
Having 24 hours access of your loan through its connection with an Alpha Bank debit or credit card, whithout extra procedures, through Alpha Bank ATM network all over Greece.
Amount of Loan: Starting pre-approved amount of Euro 10.000 which can reach up to the amount of yuour Housing Loan with a maximum amount Euro 150.000.
Nominal Interest*: Euribor 3 months (as it is defined at 29/3, 28/06, 28/09 and 29/12 of each year) plus 4.00% units today 4.211% *(plus the contribution of Law 128/75, today 0,60%)
Annual charge: Euro 40 only if the product is used
Minimum monthly instalment: Now you have multiple choises for the payment of your loan:
Fixed amount every month, or
Minimum monthly instalment (1,5% or 2,5% or 3,5% of your current outstanding balance of your loan), or
Interest only payment (valid for only the first 5 years).
Amount of monthly instalment: If you wish to calculate the monthly instalment and the length of the reimbursement period
Submission of an application form: Apply now through the 405Branches of Alpha Bank.
Way of servicing: You can choose payment of the minimum monthly instalment or the selected fixed amount monthly instalment, which will be realised through a standing order from a deposit account that you hold with the Bank or through the ATM with cards issued by the Bank or through the Automated Cash Transaction Centres (ACTC) and Alpha Web Banking or at the Alpha Bank Branches' counters.
Total Annual Cost:
Fluctuating interest rate Total Annual Effective Rate, 7.310%. For a loan of Euro 3.000, repayment period of 12 months, and an annual charge of Euro 40 (contribution of Law 128/75, 0.6% included).