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Alpha First Home mortgage loan
2% fixed interest rate for the first 3 years
Welcome to your first home
Discover the features
What’s the interest rate
Flexibility in the choice of interest rate
Secure full flexibility for the entire loan term by choosing between a fixed or floating interest rate, depending on your needs:
- Fixed for 1, 3, 5, 10, 15 or 20 years. After this time, a floating rate applies automatically. However, you can continue with a fixed rate, if you request so.
- Floating rate for the entire loan term. However, you can switch to a fixed rate, if you request so.
From 2.40% fixed rate
You may choose 2.40% fixed interest rate for 1 year and 2.50% for the first 3 years, irrespective of the financing percentage and the energy class of the property.
-0.50% on the fixed interest rate by 31.05.2026
If you apply for a new loan from 20.02.2026 to 31.05.2026, you get 2% fixed interest rate for the first 3 years, irrespective of the financing percentage and the energy class of the property.
Floating rate with 1.80%+ spread
The floating rate is based on the Euribor 3Μ + 1.80% to 2% spread, depending on the loan amount.
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 Alpha First Home mortgage loan the levy currently stands at 0.12%.
APRC example
For applications from 20.02.2026 to 31.05.2026: For a new €100,000 loan with 2% fixed interest rate for the first 3 years and then floating interest rate (2.50% Euribor 3M + 2% spread), 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 4.29% (including 0.12% Law 128/75 levy), the monthly instalment is €515.88 and the total repayment amount is €145,222.54.
Have a look at the deposit and loan interest rates.
What are the loan amount and term
From €15,000
The loan amount starts at €15,000 and depends on:
- Your income.
- Your other liabilities and living costs.
- Any collaterals.
- The estimated commercial value of the property you offer as collateral.
Up to 90% financing
Secure financing for up to 90% of the value of the property you choose.
The property must be used exclusively as a first home. This means that you:
- Do not already own another property suitable to be used as a home.
- Have not bought another home in the past.
From 5 to 35 years
Repay the loan in 5 to 35 years, depending on your finances.
With mortgage lien
To get an Alpha First Home mortgage loan, you must offer some form of collateral, i.e. mortgage lien on a property. That may be either the home you are buying or another property of your choice.
What are the loan fees
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 choose the Alpha Home Insurance plan we offer in partnership with Generali.
Optional borrower insurance
You can get the Alpha Borrowers mortgage loan insurance plan. This way, if something unexpected comes up, your outstanding loan balance and accrued interest will be paid on time.
How you repay it
Grace period
If you want, at the beginning of your loan, you may have a grace period up to 2 years. During this period, you only pay the interest on your loan.
With interest-bearing monthly instalments
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 may repay your loan at any time without any charges.
Find out how you can repay your loan earlier in full or in part.
Can I apply for loan pre-approval online?
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.
- Have up to 1 pending mortgage loan application as a debtor and/or guarantor.
- Have digital banking credentials and so do the co-debtors/guarantors you are going to add.
Have at hand...
- Your Taxisnet credentials, if you haven’t updated your details and want to do so through eGov-KYC.
- The supporting documents you’ll need, if you haven’t updated your details and choose to do so by uploading the documents.
- The supporting documents to apply for loan pre-approval.
Apply for loan pre-approval
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 Alpha Residence mortgage 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.
Choose “Continue”.
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 application is valid for 45 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 what you need to do if you:
Explore other options
Do you have any questions?
Find answers to all your questions about the Alpha First Home mortgage loan.
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.
The guarantor must be a 1st degree relative of yours and must meet the same criteria.
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.
Which loan should I choose depending on my housing needs?
For any housing need: Alpha Residence. This loan will help you buy a house or plot (ripe for development) and also build, finish or repair your home. You can choose a fixed or floating interest rate and request a low start period. Find out if Alpha Residence is right for you.
To renovate your home: Alpha Residence Renovation When you are doing small-scale renovations, you can take out a floating interest rate loan, without the need for a mortgage lien, through very fast financing procedures. Find out if Alpha Residence Renovation is right for you.
What is a grace period?
The option to pay only the interest at the beginning of your loan.
he grace period may last up to:
- 24 months for mortgage loans.
- 12 months for consumer loans with collateral.