Alpha Cash Collateral home loan

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 rate for 5 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.
  

2.90% fixed interest rate

The fixed interest rate is 2.90% for the entire loan term.

Floating rate with 1% spread

The floating rate is based on the Euribor 3Μ + 1% fixed spread.

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 Cash Collateral home loan the levy currently stands at 0.12%. 

APRC example

For a €100,000 loan with 2.90% fixed interest rate for the first 5 years and then floating interest rate (2.50% Euribor 3M + 1% spread), 20-year term (240 monthly instalments), €350 lump-sum loan processing fee, €0 lump-sum engineering inspection and due diligence fee, €0 monthly home insurance premium, the Annual Percentage Rate of Charge (APRC) is 3.43% (including 0.12% Law 128/75 levy), the monthly instalment is €559.60 and the total repayment amount is €137,783.99.

Have a look at the deposit and loan interest rates.

From €15,000

The loan amount starts at €15,000, depending on your needs and finances.

Up to 100% financing

Secure financing up to 100% of the:

• Purchase agreement
• Project budget
  

In a lump sum or in multiple instalments

You may get the loan amount:

• In a lump sum
• In multiple instalments
  

From 5 to 35 years

Repay the loan in 5 to 35 years, depending on your finances. 

With portfolio collateral

To get an Alpha Cash Collateral home loan, you must offer as collateral, at a rate proportionate to the loan collateral:

• Deposits in euro or foreign currency
• Units in money market or fixed-income funds
• Government securities
  

Alpha Bank fees

To conclude the loan process, you pay:

• €350 for us to review your application.
• €120 for each works certification by an engineer, in case of a loan with multiple disbursements.
• €49.60 per proof of service to the bailiff for serving the cash collateral agreements where necessary.

Third-party fees

Provided you register a collateral with the Electronic Collateral Registry, apart from the Alpha Bank expenses, you also pay: 

• From €100 to €1,500, depending on the collateral amount.
• €50 for an amendment without an increase in the collateral amount.
• A proportional fee on the increase amount, if the collateral amount increases.
• €300 flat fee, if there is no determined value.
• The proportional fee per collateral and €100 fee for each additional collateral, if there are more than 1 collaterals securing the same claim.
• €9.50 to issue certificates from registry books.
• €6.50 to issue additional certificates for the same title.

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.