How to take out an Alpha Cash Collateral home loan

Find out the detailed process and supporting documents to apply for an Cash Collateral home loan, online or at a branch.

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Loans
Mortgages loans
Cash Collateral
Cash Collateral loan process

1. Set up your loan

On the “New Products” section, choose Mortgage loan > Apply now.

Fill in the details for the loan and property. We’ll calculate the interest rate and the instalment, and we’ll propose the loan that best meets your needs.

The application is saved automatically. You can continue at any time if you choose History > Product applications > Loans > Continue application.

2. Fill in your details

Confirm that the pre-filled details are correct and fill in the rest.

Answer a few more questions so that we can assess your Cash Collateral home loan application.

Once you’ve filled in the fields, choose “Continue”.

3. Upload the supporting documents

Upload the supporting documents for your income, property and profession.

Choose “Continue”.

4. Add co-debtors and/or guarantors

Add co-debtors and/or guarantors, if needed. Fill in their tax number, their role in the loan and their relationship with you.

Once you’ve completed your part of the application, they’ll also need to fill in the application through their web banking. They will be notified by email, text message and a pop-up once they log into their web banking.

5. Complete the application

Choose a branch near you and then “Continue”.

Confirm that the loan details are correct, and read and accept the terms. Click on “Submit application”.

If your application is approved, we notify you by email in 2 business days. Otherwise, we contact you in 3-5 business days.

The loan pre-approval is valid for 90 days. If you don’t come to a branch within this time to complete the process to take out the loan, you’ll need to resubmit a loan pre-approval application.

Find out more about mortgages and home loans

Book an appointment to visit a branch near you. To book your appointment, choose Loans > New mortgage loan. You can also have your appointment by video call.

We present the mortgages and home loans that meet your needs and check whether the Cash Collateral home loan is suitable for you.

You receive the pre-contractual information document to get detailed information; you sign it and keep 1 copy.

We tell you which supporting documents you’ll need to apply. If you already have them with you, we’ll file the application on the spot.

Apply for loan pre-approval

Once you bring the necessary supporting documents, we fill in the application form for the loan, you sign it and we send it for assessment.

We inform you over the phone or by text message whether your application has been approved or not, and we send you the loan pre-approval or rejection letter.

If your application is approved, it will remain valid for 90 days. During this time, you need to find a property. The loan pre-approval is not binding if you change your mind.

What you need to take out the loan

Find out in detail what you need to do once you’ve gotten loan pre-approval.

Getting final approval

For buying a home

Once you get loan pre-approval, you need to find a property within 90 days.

We check whether the final purchase agreement meets the loan conditions and you sign the final approval.

For carrying out works on a home you already own

For building, completing, extending, making additions or carrying out repairs on a home you already own, we give you the project budget draft to be filled out by your engineer.

Once you bring us the completed project budget draft, it is approved by ARES (Alpha Real Estate Services SA) or the associate engineers. You sign the final approval.

Signing the loan and collateral agreement

We inform you over the phone or by text message so you can come to the branch to sign the loan and the collateral agreement.

We then conclude the collateral process.

Receiving the money

For buying

If you are buying a built property, the money is paid out in a lump sum.

We issue a crossed cheque to the amount of the agreement, payable to the seller.

For building or repairing

The loan amount is paid out in instalments in the event of:

Building a home
Completing a home
Buying a home under construction
Carrying out certified repairs

The money is paid out based on the progress of the works, following reassessment and certification by ARES (Alpha Real Estate Services SA).

Alpha Bank fees

To conclude the loan process, you pay:

€350 for us to review your application.
€120 for each works certification by an engineer, in case of a loan with multiple disbursements.
€49.60 per proof of service to the bailiff for serving the cash collateral agreements where necessary.

Third-party fees

Provided you register a collateral with the Electronic Collateral Registry, apart from the Alpha Bank expenses, you also pay:

From €100 to €1,500, depending on the collateral amount.
€50 for an amendment without an increase in the collateral amount.
A proportional fee on the increase amount, if the collateral amount increases.
€300 flat fee, if there is no determined value.
The proportional fee per collateral and €100 fee for each additional collateral, if there are more than 1 collaterals securing the same claim.
€9.50 to issue certificates from registry books.
€6.50 to issue additional certificates for the same title.

Supporting documents to apply for a mortgage or home loan

Your mortgage loan put simply

Get credentials

From your computer or mobile

If you hold an active Alpha Bank debit or credit card, you can get credentials on the spot, without visiting a branch.

Start banking with us

Online, without visiting a branch

Open your first account with Alpha Bank and sign up to digital banking online.

Open an account

Visit a branch

By appointment

Book your appointment at a branch on the day and time you prefer and bring along the supporting documents.

Book an appointment

Any questions?

Find the answers you need about the Cash Collateral home loan.

Are there any requirements to apply for a mortgage loan?

To apply for a mortgage loan, you must have:

Sufficient income for the amount you want to get.
Low existing borrowing.
Satisfactory credit rating with existing products.

You also have to be:

Over 18 years old.
Up to 75 years old at loan maturity.

How can I pay my loan instalment?

Automatically with a standing order from your account.
Online through myAlpha Web or myAlpha Mobile.
Through myAlpha Phone on +302103260000.
At any Alpha Bank branch.
At the Automated Payment Systems (APS) in cash only, using any active Alpha Bank card for authentication purposes.
At an ATM with your Alpha Bank card, only for personal loans.

How do I make an early partial or full repayment of my mortgage loan?

You may pay additional instalments or even repay the entire loan amount earlier at a branch cashier (Monday to Friday 08:00-11:00) by making a deposit directly into your loan account. Just make sure you have sufficient balance in your account.

The early repayment process is common for mortgage loans with or without collateral. However, there are some differences in the collateral release process depending on the form of the collateral.

View all the FAQs

Take out an Alpha Cash Collateral home loan

Take out a home loan without using up any of your funds with the Alpha Cash Collateral loan. Apply for loan pre-approval from your computer or book an appointment at one of our branches.