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Payment adjustment plan
Flexibility with multiple options
How to secure flexibility for your loan
Secure flexible monthly payments
If at some point you find yourself in a financial tight spot, you may:
- Cut your monthly instalment by up to 50% for up to 24 months.
- Pay only the interest proportionate to your balance for up to 24 months. The Law 128/1975 levy is added to that interest.
- Not pay 1 instalment every year and add it to the remaining instalments.
Adjust your instalment provided that your loan is up to date, i.e. there are no late payments. This option is available only after the 1st year of monthly interest-bearing instalments.
The plan runs for 2 years and you can use it throughout the repayment term of your mortgage loan.
Shape the term
If the changes to your income are of a more permanent nature, you can extend the loan term to lower your monthly instalments.
You may also combine the options of the plan with the change in the loan term to benefit directly and secure a lower instalment in the future.
Can I tailor my loan?
Apply provided...
- Your loan remains up to date.
Have at hand...
- The supporting documents you’ll need, if you haven’t updated your details.
Any questions?
Find the answers you need about the Payment adjustment plan.
Why should I choose a longer loan term and have to pay additional interest?
A longer loan term means that your monthly instalment will be lower. This way, you will be repaying your loan more easily. What’s more, don’t forget that a loan in arrears is charged with default interest, which, in the end, may cost you more compared to the interest linked to the longer term.
If your financial situation improves in the future, you can shorten the loan term again.
How can I find out what my loan balance is?
Online, at the home page of myAlpha Web or myAlpha Mobile, if you have e-Banking credentials.
- Through myAlpha Phone on +302103260000.
- At any Alpha Bank branch.
How can I find out if my loan has been securitised or assigned to a different company?
Enter your tax number and loan account number in the calculator, to find out if your loan:
- Has been assigned to Cepal SA, Servicing of Receivables from Loans and Credits.
- Has been transferred to a special purpose vehicle due to securitisation.
- The name and details of the special purpose vehicle.