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Alpha All-in-1 debt consolidation programme
A single payment for all your debts
Discover the features
What’s the interest rate
Fixed or floating interest rate
The annual nominal interest rate for the Alpha All-in-1 debt consolidation programme is:
- 13.00% fixed for collateral-free loans.
- Floating rate based on the Euribor 3M + 5.50% spread for loans with collateral.
The Law 128/1975 levy, currently 0.60%, is added to the interest rate.
APRC examples
Collateral-free loans: For a €15,000 loan with 13.00% fixed nominal interest rate, 0.60% Law 128/1975 levy, 72-month term and €180 loan fee, the Annual Percentage Rate of Charge (APRC) is 14.98%.
Loans with collateral: For a €30,000 loan with floating nominal interest rate Euribor 3M + 5.50% spread, 0.60% Law 128/1975 levy, 120-month term and €250 loan fee, the Annual Percentage Rate of Charge (APRC) is 10.08%.
Have a look at the deposit and loan interest rates.
What are the loan amount and term
From €1,500 to €150,000
To apply for the Alpha All-in-1 debt consolidation programme, your card and loan debts at Alpha Bank must range between €1,500 and €150,000.
Up to 240 months based on collateral
Choose the term of the Alpha All-in-1 programme depending on the loan collateral:
- 6-96 months for collateral-free loans
- 12-240 months for loans with collateral
What’s the loan fee
For us to process and assess your application for the Alpha All-in-1 debt consolidation programme, you pay:
- €180 for collateral-free loans
- €250 for loans with collateral
How you repay it
With equal interest-bearing monthly instalments
Each month, you pay interest-bearing instalments, repaying both interest and capital:
- Automatically with a standing order from your account.
- Online through myAlpha Web or myAlpha Mobile.
- Over the phone with myAlpha Phone.
- At Automated Payment Systems (APS) only in cash and using any active Alpha Bank card for the required authentication.
- At ATMs with an Alpha Bank card.
- At one of our branches.
Early loan repayment
You may repay your loan at any time, without any additional charges.
Find out how you can repay your loan earlier, in full or in part.
Can I get the Alpha All-in-1?
Apply provided you...
- Are up to 75 years old at loan maturity.
- Live permanently in Greece.
- Pay taxes in Greece.
- Have updated your details at Alpha Bank.
Have at hand...
The necessary supporting documents depending on whether you:
- Already bank with Alpha Bank and have updated your details.
- Want to start banking with us or haven’t updated your details.
Explore other options
Any questions?
Find the answers you need about the Alpha All-in-1 debt consolidation programme.
What is the annual percentage rate of charge (APRC)?
It is the actual total cost of your loan or any other credit you have obtained. It includes the interest, levies and other loan expenses you will pay expressed as an annual percentage of the total loan.
The APRC makes it easier for you to compare different offers.
What is a guarantor and when do I need one for my mortgage loan?
The guarantor is a person who agrees to take on the loan repayment, in case you are unable to. They co-sign the loan agreement and have the same obligations as you.
You need a guarantor when:
- Your loan is secured with a mortgage lien on a property owned by others. In that case, the other owners have to sign as guarantors to your loan.
- The total amount of your loan instalment and other liabilities exceeds a certain percentage of your income.
- You are taking out a loan to construct, repair or renovate a home with owners that have enjoyment over the property. In that case, the other owners have to sign as guarantors to your loan.
- You are expected to be over 75 years old at loan maturity. In that case, you must have a guarantor who will not be over 75 years old at loan maturity.
When do I need a guarantor for my loan?
You need a guarantor when:
- We consider it necessary based on your credit history.
- You are expected to be over 75 years old at loan maturity. In that case, you must have a guarantor who will not be over 75 years old at loan maturity.
The guarantor must meet the same conditions as you.