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Alpha All-in-1 debt consolidation programme

Consolidate your performing debts from cards and personal loans at Alpha Bank, and make only 1 lower monthly instalment at a favourable interest rate.
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A single payment for all your debts

Up to 50% lower instalment
Secure an instalment that is up to 50% lower than the total amount you are currently paying.
From €1,500 to €150,000
Repay €1,500-€150,000 in total in performing card and loan debts.
Early repayment at no extra charge
Pay additional instalments or even repay the entire loan amount earlier, at no extra charge.

Discover the features

Find out the features of the Alpha All-in-1 debt consolidation programme.

What’s the interest rate

Fixed or floating interest rate

The annual nominal interest rate for the Alpha All-in-1 debt consolidation programme is:

  • 13.00% fixed for collateral-free loans.
  • Floating rate based on the Euribor 3M + 5.50% spread for loans with collateral.

The Law 128/1975 levy, currently 0.60%, is added to the interest rate.

APRC examples

Collateral-free loans: For a €15,000 loan with 13.00% fixed nominal interest rate, 0.60% Law 128/1975 levy, 72-month term and €180 loan fee, the Annual Percentage Rate of Charge (APRC) is 14.98%.

Loans with collateral: For a €30,000 loan with floating nominal interest rate Euribor 3M + 5.50% spread, 0.60% Law 128/1975 levy, 120-month term and €250 loan fee, the Annual Percentage Rate of Charge (APRC) is 10.08%.

Have a look at the deposit and loan interest rates.

What are the loan amount and term

From €1,500 to €150,000

To apply for the Alpha All-in-1 debt consolidation programme, your card and loan debts at Alpha Bank must range between €1,500 and €150,000.

Up to 240 months based on collateral

Choose the term of the Alpha All-in-1 programme depending on the loan collateral:

  • 6-96 months for collateral-free loans
  • 12-240 months for loans with collateral

What’s the loan fee

For us to process and assess your application for the Alpha All-in-1 debt consolidation programme, you pay:

  • €180 for collateral-free loans
  • €250 for loans with collateral

How you repay it

With equal interest-bearing monthly instalments

Each month, you pay interest-bearing instalments, repaying both interest and capital:

 
Tip: Get the Alpha Individuals Insurance plan. This way, if something unexpected comes up, your outstanding loan balance and accrued interest will be paid on time.

Early loan repayment

You may repay your loan at any time, without any additional charges.

Find out how you can repay your loan earlier, in full or in part.

 

Can I get the Alpha All-in-1?

Have a look at the conditions to apply for the Alpha All-in-1 programme and the documents you need to bring along at the branch.

Apply provided you...

  • Are up to 75 years old at loan maturity.
  • Live permanently in Greece.
  • Pay taxes in Greece.
  • Have updated your details at Alpha Bank.
 

Have at hand...

The necessary supporting documents depending on whether you:

  • Already bank with Alpha Bank and have updated your details.
  • Want to start banking with us or haven’t updated your details.

Explore other options

Find other products that may interest you.

myAlpha Quick Loan

Loan up to €3,000

Alpha Tailored Repayment plan

Flexible repayment

Alpha Individuals Insurance

Personal loan insurance

Any questions?

Find the answers you need about the Alpha All-in-1 debt consolidation programme.

What is the annual percentage rate of charge (APRC)?

It is the actual total cost of your loan or any other credit you have obtained. It includes the interest, levies and other loan expenses you will pay expressed as an annual percentage of the total loan.

The APRC makes it easier for you to compare different offers.

What is a guarantor and when do I need one for my mortgage loan?

The guarantor is a person who agrees to take on the loan repayment, in case you are unable to. They co-sign the loan agreement and have the same obligations as you.

The guarantor must be a 1st degree relative of yours and must meet the same criteria.

You need a guarantor when:

  • Your loan is secured with a mortgage lien on a property owned by others. In that case, the other owners have to sign as guarantors to your loan.
  • The total amount of your loan instalment and other liabilities exceeds a certain percentage of your income.
  • You are taking out a loan to construct, repair or renovate a home with owners that have enjoyment over the property. In that case, the other owners have to sign as guarantors to your loan.
  • You are expected to be over 75 years old at loan maturity. In that case, you must have a guarantor who will not be over 75 years old at loan maturity.

When do I need a guarantor for my loan?

You need a guarantor when:

  • We consider it necessary based on your credit history.
  • You are expected to be over 75 years old at loan maturity. In that case, you must have a guarantor who will not be over 75 years old at loan maturity.

The guarantor must meet the same conditions as you.

View all the FAQs

Get the Alpha All-in-1 debt consolidation programme

Book an appointment at a branch near you, to apply for the debt consolidation programme.
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