3.50% or 3.80% fixed interest rate

You secure a fixed interest rate for the entire loan term, regardless of the loan amount and financing percentage. 

The interest rate is determined based on the loan term:

• 3.50% for 15 or 20 years
• 3.80% for 25 or 30 years
  

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 Always in your favour mortgage loan the levy currently stands at 0.12% or 0.60% for a shop or office. 

APRC example

For a €100,000 loan, with a 20-year term (240 instalments), 3.50% fixed interest rate + 0.12% Law 128/1975 levy, €0 loan processing fee, €420 engineering inspection and due diligence fee and €19.40 monthly home insurance premium, the Annual Percentage Rate of Charge (APRC) is 4.11%, the monthly instalment is €589.96 and the total repayment amount is €140,954.00.

Have a look at the deposit and loan interest rates.

Up to €500,000

The loan amount depends on:

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

Up to 90% financing

Secure financing up to:

• 90% of the property commercial value, if it’s your 1st home.
• 80% of the property commercial value, if it’s not your 1st home.

With mortgage lien

To get the Residence mortgage loan for young people, 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:

• €0 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.

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 opt for the Home insurance plan we offer in cooperation with Generali, as an insurance intermediary.

Optional borrower insurance

You may opt for the Borrowers mortgage loan insurance plan we offer in cooperation with Generali, as an insurance intermediary. This way, if something unexpected comes up, your outstanding loan balance and accrued interest will be paid on time.

From 15 to 30 years

Repay the loan in 15, 20, 25 or 30 years, depending on your finances and planning.

With interest-bearing monthly instalments

Your loan instalment remains fixed throughout its term, whether your floating rate goes up or down.

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 can pay additional instalments or even repay the entire loan amount at any time, at no extra charge.

If you make a partial early repayment, your monthly instalment is reduced. The new instalment remains fixed until loan maturity.

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