0% on 50% of the loan

You pay no interest for 50% of the loan amount, i.e. for the amount provided by the RRF.

Floating interest rate with 1.50% spread for the remaining 50% of the loan

For the remaining 50% of the loan you are charged with a floating rate based on the Euribor 3M + 1.50% spread.

0% for 75% of the loan with conditions

Secure an interest rate subsidy for the remaining 50% of the loan if you have:

• 3 or more children.
• 2 children and are buying a property in Orestiada, Soufli and Didymoteicho.
  

Exempt from the Law 128/1975 levy

You don’t pay the Law 128/1975 levy, currently 0.12%.

APRC example

For a €100,000 loan with 1.25% Euribor 3M floating interest rate (2.50% * 50%), 0.75% spread (1.50% * 50%), 20-year term (240 monthly instalments), €0 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 2.42% (the loan is exempt from the Law 128/1975 levy, currently at 0.12%), the monthly instalment is €505.88 and the total repayment amount is €121,832.

Have a look at the deposit and loan interest rates.

Up to €190,000

Receive up to €190,000, depending on your finances.

Up to 90% financing

Get a loan to cover as much as 90% of the property commercial value, as stated in the agreement. You need to cover the remainder.

Up to 30 years

Repay the loan in up to 30 years, depending on your finances.

With mortgage lien

Offer collateral in the form of a mortgage lien on property, amounting to 120% of the loan amount.

Fees for Alpha Bank and third parties

To conclude the loan process, you pay:

• €420 for the associates who will carry out the property engineering inspection and due diligence.
• €519.60 for the lawyer who will issue the mortgage registration act and the lawyer who will represent Alpha Bank.
• 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.
• €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 mortgage lien rights to the National Cadastre or €20 for storage rooms / parking spaces that are 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.

Secure 10% off your premium if you choose the Alpha Home Insurance plan we offer in cooperation with Generali.

Optional borrower insurance

Consider getting an Alpha Borrowers insurance plan. This way, if something unexpected comes up, your outstanding loan balance and accrued interest will be paid on time.

With interest-bearing monthly instalments

Once we’ve signed your mortgage loan agreement, we open an account. 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.

For your age

You must have turned at least 25 and at most 50 years old by 31 December of the year you apply.

In the case of a couple, it is enough for 1 of the partners to have turned 25 or 50 years old.

For the property you’ll be buying

The property you’ll be buying must:

• Be used as a first home.
• Have been constructed prior to 31.12.2007.
• Have a commercial value up to €250,000, as stated in the purchase agreement.
• Not be unfinished.
• Be up to 150 sq.m.
• Have an electronic building ID.
  

You cannot rent out the property for the first 7 years.

If you are a person with at least 67% disability or you have dependent children with at least 67% disability, the property may be located within a building or be a building constructed by 31.12.2020. 

For your income

To apply, your annual actual or imputed income, based on your most recent tax clearance certificate, must start from €10,000, along with any income exclusively from pensions and welfare for your dependent children, and reach up to:

• €25,000 for singles.
• €35,000 + €5,000 per child for couples who are married or in civil partnership.
• €39,000 + €5,000 per child, beyond the first one, for single-parent families.
  

The total combined annual income is determined according to the limits defined for the payment of the heating allowance, by delegated decision issued in accordance with Article 79(1) of Law 4756/2020 (Government Gazette 235/A/26.11.2020).

If you don’t meet the conditions, find out how you can buy your first home with the Alpha First Home mortgage loan.

For another home you may own

If you own other properties with full ownership or enjoyment, the total area of the main living spaces must not exceed:

• 50 sq. m. for singles.
• 70 sq. m. + 25 sq. m. for each of the first 2 children + 30 sq. m. for the 3rd and any subsequent children. 
  

People with a disability rating of 67% or more are entitled to an additional 20 sq. m.

Unborn children are also taken into account.