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Alpha Epipleon overdraft programme

Get the Alpha Epipleon overdraft programme to secure extra cash flow in your payroll account.
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Extra cash whenever you need it

0% interest rate for the first €200
If you are receiving your salary in an Alpha Payroll account, you pay no interest on the first €200 you borrow.
From €900 to €3,000
Secure a €900-€3,000 credit limit for overdraft and get access to additional money.
Available on 2 accounts
Get the programme only if your salary is paid into an Alpha Payroll or Alpha Premier account.

Find out about overdrafts

Learn what an overdraft is and how the Alpha Epipleon programme works.

A type of loan

An overdraft is a type of loan. It is a revolving limit, linked to the Alpha Premier or Alpha Payroll account and it is added to your available balance.

Using the debit card linked to your account you can:

  • Overdraw your account, partially or in a lump sum, meaning you can use any amount you want up to your approved credit limit.
  • Make ATM withdrawals or POS and online payments.
  • Pay debts with a standing order.

The interest you pay depends on the overdraft amount and the number of days you use it.

For example, if you need an additional €300 for 10 days, you can overdraw your account and you are ultimately charged with €1 or less, depending on the type of your payroll account.

The charge is calculated with 11.75% nominal interest rate (plus 0.60% Law 128/1975 levy).

With interest paid every 6 months

You can use the approved credit line in a lump sum or partially, without paying instalments on fixed dates. Quite simply, any time you use your credit line, you are charged with interest on the specific amount and for the number of days you use it.

Interest for Alpha Epipleon is charged every 6 months.

Discover the features

Have a look at the features of Alpha Epipleon.

What’s the interest rate

Interest rate depending on the account

The annual fixed interest rate for Alpha Epipleon is:

  • 11.25% if you are receiving your salary in an Alpha Payroll account.
  • 11.75% if you are receiving your salary in an Alpha Premier account.

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

 
Tip: If you are receiving your salary in an Alpha Payroll account, you pay no interest on the first €200 you borrow.

APRC examples

With an Alpha Payroll account: For €1,500 overdraft with 11.25% nominal interest rate, 0.60% Law 128/1975 levy, 3-month term and repayment at maturity, the Annual Percentage Rate of Charge (APRC) is 12.52%.

With an Alpha Premier account: For €1,500 overdraft with 11.75% nominal interest rate, 60% Law 128/1975 levy, 3-month term and repayment at maturity, the Annual Percentage Rate of Charge (APRC) is 13.07%.

What’s the fee

There are no loan fees. Once you are approved, you can overdraw your account using your debit card.

How you repay it

Can I get the programme?

Have a look at the conditions for getting the Alpha Epipleon.

Apply provided you...

  • Receive your salary in the Alpha Payroll or an Alpha Payroll account.
  • Have updated your details at Alpha Bank.

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Any questions?

Find the answers you need about Alpha Epipleon.

Are there any requirements to apply for a personal loan?

Yes. You must be a permanent resident of Greece and have an income in Greece.

If your income alone is not enough to guarantee loan repayment, you can name a guarantor for the loan.

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.

I do not bank with Alpha Bank. Can I open a payroll or pension account?

Yes.

Download and install the myAlpha Mobile app on your mobile, to start your banking relationship with Alpha Bank. Once you complete the process, you can easily open a payroll account for your salary or pension from your computer or mobile.

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Get the Alpha Epipleon overdraft programme

Book an appointment at a branch near you, to apply for the Alpha Epipleon.
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