Mortgages and home loans

Getting loan pre-approval

Fill in the application based on your needs to get pre-approval for the loan amount and term. The loan pre-approval is valid for 45 days. During this time, you need to find a property.

You can apply for loan pre-approval:

• Online  from your computer, through myAlpha Web.
• By appointment at a branch on the day and time it suits you.

Final approval

Once you find a property, you bring the supporting documents so we can carry out the engineering inspection and due diligence. As soon as we confirm that the property meets the conditions for a loan, we proceed with the final approval.

Based on your age

You must be up to 75 at loan maturity.

Based on your finances

The loan payment should not affect your day-to-day life. However, when you calculate your available income, take into account the amount you’ll be saving monthly because you won’t be paying any rent.

Make your financial planning even easier with the mortgage loan calculators.

Fixed or floating interest rate

With floating interest rate, the instalment amount will follow the market interest rate. Meaning, it may decrease or increase.

With fixed interest rate, the instalment amount remains the same for a specified period, irrespective of the market trends.

Lump-sum fees

There are additional costs related to the due diligence and mortgage registration process, such as lawyer, engineer, land registry and National Cadastre fees, etc.

The cost changes depending on the loan, the collateral and the amount.

Annual property insurance

It is mandatory to insure the property you provide as collateral against earthquake and fire.

Subsidised programmes

Depending on your age, income and family status, you may be eligible for a subsidised programme for a new home.

This means you can get a more favourable loan.

Discounts

With some mortgages, you get a discount on the interest rate or the expenses depending on the energy class of the property and your general relationship with Alpha Bank.

Find the right loan for you

Before you apply for a loan, you need to consider:

• How much do I need to borrow – Do you already have part of or, will you borrow the entire amount?
• How am I going to repay it – Will the loan payments come from your salary or another source, such as rental income, or do you plan on selling an asset? In this case, choose a loan you can repay early at no extra charge.
• How much time do I need to repay the loan – Considering the amount you can pay monthly, how much time will you need in total? Do you need a grace period?
• How will I pay for the fees – What are the fees related to the purchase and mortgage lien? Do you already have the amount or do you need a personal loan?
• Am I eligible for a subsidy – Do you meet the conditions for a subsidised loan?