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“Upgrade my home” programme

Take out a 100% interest-free loan to improve the energy efficiency of your home, without paying application fees or the Law 128/1975 levy.

For improved energy efficiency

100% interest-free
Financed by the Recovery and Resilience Facility (RRF), so you pay no interest.
No levy or fees
You pay no Law 128/1975 levy (currently at 0.12%) or any loan application fees.
Collateral-free
No need to provide a mortgage lien on property or cash collateral.

Get the information you need

Find out if you can take out a home loan and calculate your monthly instalment, no strings attached.
Answer the questions to see whether you meet the criteria and conditions for a home loan, and also find out the amount you can get and for how many years.
Calculate your monthly instalment. We do not save any of the information you enter in the fields.

Discover the features

Find out the features of the “Upgrade my home” programme.

What’s the interest rate

0% on 75% of the loan

You pay no interest for 75% of the loan amount, i.e. for the amount provided by the Recovery and Resilience Facility (RRF).

100% subsidy for the remaining 25%

The interest rate for the remaining 25% of the loan is 100% subsidised by the programme, throughout the loan term.

You repay only the amount you borrowed. 

Exempt from the Law 128/1975 levy

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

 

What are the loan amount and term

From €5,000 to €25,000

Get from €5,000 to €25,000, depending on the energy efficiency upgrades you need to carry out.

From 3 to 7 years

Repay the loan in 3 to 7 years, depending on your finances.

Collateral-free

No need to provide collateral, i.e. mortgage lien on property or cash collateral.

However, we may ask you or another owner of the property, if any, to provide a guarantee. To do so, you or another guarantor need to sign for the loan. No other collateral is required to take out the loan.

 

What are the loan fees

No fees

You pay no fees for us to start the process or review your application.

All fixed and lump-sum expenses are covered by the programme.

 

How you repay it

With equal instalments every month

Once we’ve signed your mortgage loan agreement, we open an account. Your monthly loan instalments are paid automatically by standing order through this account.

You must ensure there is adequate balance in the account every month for your instalments to go through.

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.

Detailed info

Read the pre-contractual information for the "Upgrade my home” programme.

 

What upgrades are covered by the programme

You may choose just 1 upgrade or combine 2 or more. The VAT is covered by the programme.

Thermal insulation

  • Internal or external thermal insulation
  • Green roof construction
  • Energy-efficient door and window frames and glass panes
  • Solar water heater installation

Renewable energy sources

Installation of:

  • Photovoltaic stations, small wind generators and other renewable energy sources (RES)
  • Energy storage systems (batteries) from renewable energy sources (RES)

Heating and cooling

Installation of heating and cooling system, with exclusive use of RES or with high-efficiency electricity and heat co-generation system, such as electric heat pump or inverter air conditioning units, energy class A+ or higher.

Exterior upgrades

External permanent shading system – excluding awnings

Other upgrades

  • Installation of thermostatic regulation systems
  • Technical advisory or engineering services
 

Can I apply for the “Upgrade my home” programme?

The deadline for submitting applications has expired.

Apply provided you...

  • Are up to 71 years old at the start of the loan and up to 75 years old at loan maturity.
  • Pay taxes in Greece and have a Greek mobile phone number.
  • Have updated your details at Alpha Bank.
  • Use the loan for your own residence, main or secondary.
  • Have not taken out another energy upgrade loan for the same residence financed by the EU.
  • Don’t rent out the property, if it is a secondary residence. 
 
couple with laptop

Have at hand...

 

Explore other options

Find other products that may interest you.

From 5 to 35 years

Residence

From €5,000 to €40,000

Residence Renovation

Up to 100% financing

Cash Collateral home loan

For borrowers up to 50 years old

First Residence

Co-financed by the RRF

Spiti mou ΙΙ

Up to €30,000

For green homes

Any questions?

Find the answers you need about the “Upgrade my home” programme

What are the requirements to apply?

To apply for the programme, you must:

  • Be up to 71 years old at the start of the loan and up to 75 years old at loan maturity.
  • Pay taxes in Greece and have a Greek mobile phone number.
  • Have updated your details at Alpha Bank.
  • Use the loan for your own main residence.
  • Not have taken out another energy upgrade loan for the same residence financed by the EU.
  • Not rent out the property, if it is a secondary residence.

I have taken out another financed loan for improving the energy efficiency of the same residence. Can I still apply?

No. To apply, you must not have taken out another loan financed by the EU (e.g. through the Exoikonomo programme) for the same property.

Do I need to carry out many energy upgrades at my home?

No. You may carry out 1 to as many upgrades are needed.

View the eligible expenses.  

 
View all the FAQs

Logos of the Ministry of Economy and Finance, the Ministry of the Environment and Energy, the Hellenic Development Bank, the National Recovery and Resilience Plan and NextGenerationEU.

“Upgrade my home”, managed by the Hellenic Development Bank, is implemented in the context of the RRF loan programme financed by the European Union and NextGenerationEU.