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Mortgage loan for foreigners

Take out a mortgage loan remotely, in person or by proxy to buy, renovate or complete property in Greece. Addressed to individuals living in an EU or non-EU country, the loan offers flexibility in the amount, term and interest rate type.

For all countries

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For selected countries

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Start living the dream in Greece

Remotely or at a branch
Apply online if you already bank with us, or at a branch in person or through proxy.
With fixed or floating rate
Depending on whether you want to secure a fixed instalment a month or follow the market.
From €15,000, up to 25 years
Get financing up to 80% of the commercial value for up to 25 years, depending on where you live.

Discover the features

Find out all the details about the mortgage loan for foreigners.

What’s the interest rate

Starting at 2.70% for fixed interest rate

If you choose fixed interest rate, you can secure a fixed monthly instalment for 1, 3, 5, 10, 15 or 20 years. This rate does not fluctuate over the agreed term.

The fixed interest rate starts at 2.70% and depends on the term you choose. The Law 128/1975 levy is added to the interest rate.

Floating interest rate with spread starting at 1.80%

You can choose floating interest rate based on the 3m Euribor + spread + the Law 128/1975 levy.

The spread starts at 1.80%, depending on the loan amount and the financing percentage.

Have a look at the deposit and loan interest rates.

Law 128/1975 levy

All mortgage loans are subject to the Greek Law 128/1975 levy, which is paid to the State.

It amounts to 0.12% for financing a home and to 0.60% for financing other properties.

APRC example

The Annual Percentage Rate of Charge (APRC) is the total credit cost, expressed as an annual percentage of the total credit amount:

For a €100,000 loan of with property prenotation, 20-year term (240 monthly installments), with 2.70% fixed interest rate for the first year and then floating interest rate Euribor 3M (1.98% - ref. date 11.02.2026) plus 2.00% spread, €430 lump-sum loan processing fee, €420 lump-sum engineering inspection and due diligence fee, €16.90 monthly home insurance premium, 4.46% APRC (including 0.12% Law 128/1975 levy), €549.70 monthly installment, €145,915.10 total repayment amount.

How much you can borrow and for how long

From €15,000

There are 3 main criteria for us to calculate how much money you can get for a mortgage loan:

  • Your income.
  • Your other debts and living expenses.
  • The estimated commercial value of the property you offer as collateral.

You may receive up to: 

  • 80% financing of the property commercial value if you live permanently in an EU country.
  • 70% financing of the property commercial value if you live permanently in a non-EU country.

From 5 to 25 years

Your loan term may range from 5 to 25 years, depending on the country where you live: 

  • If you live permanently in an EU country, the maximum loan term is 25 years.
  • If you live permanently in a non-EU country, the maximum loan term is 20 years.
 
 
Tip: A longer term secures you a lower monthly instalment, but overall you pay more interest. On the contrary, with a shorter term you pay less interest, but you have a higher instalment. 

With collateral

To secure the loan, a mortgage lien is registered for the financed property and/or another property of sufficient value. The mortgage lien usually amounts to 120% of the loan amount.

Pledging of deposits or other financial instruments can also serve as collateral.

What are the fees

Alpha Bank fees

To complete the loan process, you pay:

  • €430 to us to process your application.
  • €420 to our associates who will carry out the engineering inspection and due diligence.
  • €359.60 to the lawyer who will represent Alpha Bank at the mortgage lien registration and €160 to the third-party lawyer who will issue the mortgage lien decision.
  • €120 to the engineer for each works certification, in case of a loan with multiple disbursements.

Third-party expenses

Besides the Alpha Bank fees, you also pay:

  • 0.775% or 0.875% (+ VAT) on the mortgage lien amount at the Land Registry or the National Cadastre, respectively.
  • €60-80 (+ VAT) approximately to issue the relevant certificates.
  • €15 (+ VAT) per National Cadastre Code Number (KAEK) to issue the Cadastral Diagram Extract.
  • €35 per right to declare the mortgage lien rights to the National Cadastre or €20 for storage rooms / parking spaces that form individual properties.

Mandatory property insurance

Throughout the loan term, your property must be insured against fire, earthquake and flood at an insurance company you choose.

You may choose the Alpha Home Insurance plan we offer in partnership with Generali.

How you repay it

Monthly instalments by standing order

You repay your loan in monthly interest-bearing instalments, i.e. instalments that pay interest and principal.

The loan instalments are paid each month by standing order from your Alpha Bank deposit account.

You can pay more instalments or even the entire loan amount earlier, at no extra cost.

Flexible repayment

Depending on your financial situation and upon our assessment, you may:

  • Increase or decrease your instalment for a specific period.
  • Skip 1 instalment per year and incorporate it to the remaining ones.
  • Change the interest rate type or loan term.

Can I get a mortgage loan for foreigners?

Have a look at the conditions for taking out a mortgage loan for foreigners.

Apply provided you…

  • Are over 18 years old.
  • Are up to 75 years old at loan maturity.
  • Have adequate income to pay the monthly loan instalment.
  • Have an adequate Credit Bureau score.
  • Hold an Alpha Bank account.

Have at hand…

The supporting documents to take out a mortgage loan, such as:

  • Proof of ID
  • Proof of annual income for the last 3 years
  • Proof or property ownership
  • Payslip of the last 2 months for salaried employees or copy of the financial statements for the last 3 years for self-employed individuals or business owners
  • Credit evaluation report
  • Proof of total deposit/investment products

The documents may be in English or officially translated into Greek.

Apply for a mortgage loan

Get in touch with us to find out all about the mortgage loan for foreigners, the process to take it out and the documents you’ll need.
Fill in the contact form

1. Applying for and getting loan pre-approval

Remotely, if you already bank with us

You can submit your application remotely through e-Banking, provided you already bank with us and have e-Banking credentials. 

Fill in the contact form and a dedicated international advisor will contact you to assist you in applying remotely and answer any questions you may have.

At a branch, in person or by proxy

You or your proxy may start the mortgage application process at a branch.

Fill in the contact form and one of our dedicated advisors will contact you to guide you through the process, inform you about the required documents and arrange an appointment at the branch of your choice.

2. Finding the property and signing the agreement

You have 2 months to find the property. Once you do, we inform you of the supporting documents you need to collect for the engineering inspection and due diligence.

If the property meets the conditions for a loan, we check the draft purchase agreement and send you the final approval letter along with the European Standardised Information Sheet (ESIS), and the draft loan agreement.

You have 10 days to evaluate the offer. At least 5 days must pass from the day you receive the offer, before you can sign the loan agreement.

During this stage you:

  • Insure the property and the loan.
  • Sign the disbursement application.
  • Sign the standing order so we may collect the monthly instalment from your linked deposit account.

3. Registering the mortgage lien and taking out the loan

We inform you of the supporting documents you need to bring to us for the property mortgage lien. If you are pledging cash or financial instruments as collateral, a different process is followed.

Once the property mortgage lien process is concluded, you either collect the loan cheque issued in the name of the seller, or we deposit the money in their account.

Find useful documents

Download the documents concerning mortgage loan for foreigners.

Interest rates

Supporting documents to apply for a mortgage loan

International customers brochure

Want to find out more?

We’re here to help, wherever you are.

For all countries

Fill in the form 

We’re ready to guide you, provide all the information you need and answer any question you may have.

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For selected countries

Fill in the form 

Enjoy a smooth digital onboarding experience, guided by our advisors, all without visiting a branch.

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Any questions?

Find answers to all your questions about the mortgage loan for foreigners.

Who can serve as a proxy for my mortgage loan application?

If you already bank with us and have e-Banking credentials, but are not located in Greece, you may appoint a lawyer with power of attorney as your proxy to apply for the mortgage loan, sign the agreement and follow the lien registration process.

The power of attorney must be drafted in Greek and be prepared and signed by a notary public, based on the Power of Attorney template we’ll provide.

Do I have to bank with Alpha Bank to take out a mortgage loan for foreigners?

Yes, you need to hold an account with us before taking out a mortgage loan.

How can I start banking with Alpha Bank if I live abroad?

At the moment you can only do so in person at a branch in Greece.

You need to visit a branch by appointment to open your first account.

Before booking your appointment, you may fill in the contact form for international customers so one of our representatives can contact you to answer any questions and assist you with the supporting documents you’ll need.

View all the FAQs