Alpha Residence mortgage loan

Flexibility in the choice of interest rate

Choose between a fixed or floating interest rate, depending on your needs:

• Fixed for 1, 3, 5, 10, 15 or 20 years. After this time, a floating rate applies automatically.
  
• Floating rate for the entire loan term.
  

From 2.70% fixed rate

The fixed interest rate starts from 2.70% and depends on the term you choose.

Floating rate with 1.80%+ spread

The floating rate is based on the Euribor 3Μ + spread. The spread starts from 1.80%, depending on the loan amount and the financing percentage.

Law 128/1975 levy

According to Law 128/1975, all loans are subject to a levy that is paid to the Greek State.

For the Residence mortgage loan the levy currently stands at 0.12%.

APRC example

For a €100,000 loan with 3.50% fixed interest rate for the first 5 years and then floating interest rate (2.50% Euribor 3M + 2.00% spread), 20-year term (240 monthly instalments), €430 lump-sum loan processing fee, €420 lump-sum engineering inspection and due diligence fee, €16.90 monthly home insurance premium, the Annual Percentage Rate of Charge (APRC) is 4.65% (including 0.12% Law 128/75 levy), the monthly instalment is €589.96 and the total repayment amount is €148,719.43.

Have a look at the deposit and loan interest rates.

Discount for energy-saving properties

You get a discount on the floating or fixed interest rate if you meet all 3 conditions:

1. The financing is for an energy-saving property.
2. The energy-saving property is fully constructed, i.e. turnkey.
3. The property you offer as collateral is an A or A+ energy class property according to the energy efficiency certificate.

From €15,000

The loan amount starts at €15,000 and depends on:

• Your income.
• Your other liabilities and living costs.
• Any collaterals.
• The estimated commercial value of the property you offer as collateral.
  

Up to 90% financing

Secure financing up to 90% of the commercial value for energy class A or A+ properties.

Pre-approval in 5' and the money in 48 hours

For up to €250,000, you can get loan loan pre-approval in 5 minutes and the receive the money in 48 hours from signing the loan agreement, as long as you meet the conditions.

With mortgage lien

To get an Residence mortgage loan, you must offer some form of collateral, i.e. mortgage lien on a property. That may be either the property you are buying or another property of your choice.

Alpha Bank fees

To conclude the loan process, you pay:

• €430 for us to review your application.
• €420 for the associates who will carry out the property engineering inspection and due diligence.
• €359.60 for the lawyer who will represent Alpha Bank during the registration of the mortgage lien.
• €120 for each works certification by an engineer, in case of a loan with multiple disbursements.

Third-party fees

Apart from the fees to Alpha Bank, you also pay:

• 0.80% or 0.90% on the mortgage lien amount, to register the mortgage lien at the Land Registry or the National Cadastre, respectively.
• €20 for each act registering a mortgage lien at the Land Registry or the National Cadastre.
• €160 for the lawyer issuing the registration act.
• €9.50 to issue certificates from registry books.
• €6.50 to issue additional certificates for the same title.
• €33 to issue a cadastral survey extract.
• €15 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

If you take out a mortgage, you must insure your home against fire, earthquake and flood, and bring the insurance policy to a branch.

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

Optional borrower insurance

You can get the Borrowers mortgage loan insurance plan. This way, if something unexpected comes up, your outstanding loan balance and accrued interest will be paid on time.

From 5 to 35 years

Repay the loan in 5 to 35 years, depending on your finances.

With grace period and low start

If you wish, you can choose:

• Up to 2 years grace period. During this period, you only pay the interest on your loan.
• Up to 50% lower instalment at the beginning of your loan.
  

With interest-bearing monthly instalments

Once we sign the loan agreement, we open an account whose exclusive holders are you and any other person participating as a borrower in the loan.

The interest-bearing monthly instalments of your loan, i.e. the instalments gradually repaying both interest and principal, are paid automatically by standing order through this account.

Early loan repayment

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

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