Alpha Education student loan

The annual nominal interest rate for the Alpha Education student loan is 10.50%. It is fixed for the entire loan term.

The Law 128/1975 levy, currently 0.60%, is added to the interest rate.

Have a look at the deposit and loan interest rates.

APRC Example:

For a €5,000 loan with 10.50% fixed nominal interest rate, 0.60% Law 128/1975 levy, 60-month term and €180 loan fee, the Annual Percentage Rate of Charge (APRC) is 13.45%.

From €1,500 to €30,000

Depending on your needs and the way you apply, you may borrow:

• From €3.001 to €15,000 through e-Banking
• From €1,500 to €30,000 by applying at a branch

From 6 to 96 months

You repay the Alpha Education student loan in 6-96 months. The term depends on the amount you receive and your finances.

€180 for us to process your application.

We deduct the amount at disbursement, meaning, when we deposit the loan amount into your account.

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.

Through the Alpha Education student loan you secure financing to fund your own or your children’s studies. The loan amount helps cover expenses, such as:

• Tuition fees for any educational level, including postgraduate degrees.
• Foreign language lessons.
• Educational material and electronic equipment.
• Living costs for studying away from home, in Greece or abroad.