Alpha Epipleon - Overdraft Programme

Ensure additional liquidity under favourable terms in your payroll account, whenever you wish.

Overdraft option up to Euro 3,000
Easy access to additional cash
Interest-free for the first Euro 100

Loans
Consumer loans
Alpha Epipleon - Overdraft Programme

Ensure additional of extra privilege in your payroll account

Get Alpha Bank's overdraft Programme Alpha Epipleon and ensure additional cash in your payroll account, whenever you need it.

With Alpha Epipleon you don't have to set predetermined instalments on fixed dates. Every time you use your overdraft limit, you are being charged with interest rates corresponding to the amount and the period of time that you have used it.

For example, if you need an additional Euro 300 off your bank account for 10 days, using the Alpha Epipleon, you can now overdraw with a charge of less than Euro 1* for this period of time (depending on the type of your deposit account).

*The above mentioned charge is calculated with a nominal interest rate of 11.75%, plus the contribution to law 128/75 (today 0,60%).

Alpha Epipleon offers you financing for:

Overdraft for amounts from Euro 900 to Euro 3,000

The interest rate

Alpha Epipleon interest rate depends on the type of the deposit account:

for ''Alpha Payroll" deposit accounts, the nominal interest rate is 0% for the first Euro 200 withdrawn and 11.25% for amounts over Euro 200, plus levy under law 128/75 (currently 0.60%).
Total Annual Effective Rate (TAER): 12.52% for overdraft amounts up to Euro 1,500, duration of 3 months and repayment of the total debt at the end of the duration, with a nominal interest rate of 11.25%, plus the contribution to law 128/75 (today 0.60%).
For Customers whose salary is paid into an “Alpha Premier” deposit account, the nominal rate is 11.75% plus levy under Law 128/75 (currently 0.60%).
Total Annual Effective Rate (TAER): 13.07% for overdraft amounts up to Euro 1.500, duration of 3 months and repayment period of the total debt at the end of the duration, with a nominal interest rate of 11.75%, plus the contribution to law 128/75 (today 0.60%).

Charge and payment of Alpha Epipleon

Interest is charged depending on the type of your deposit account:

on a quarterly basis for "Alpha Payroll" accounts
every semester for "Alpha Premier" accounts.

The payment of the amount and/or interest can be made by a simple deposit in your account:

through Alpha Bank Branches' counters
through ATM
through Alpha Web Banking
through Automated Cash Transactions Centres (ACTC).

Instalment calculator

Get a better image of your monthly budget, by calculating the monthly instalment of your loan. We reassure you that the data you enter in the following fields are not recorded in our archives.

Branch appointment

Choose the branch, day and time you prefer, and book your appointment online.

BOOK AN APPOINTMENT

You may apply for a loan at any Alpha Bank Branch, by bringing:

your identification card or other identification certificate;
your tax statement for the latest financial year;
your payslip.

There are no additional expenses for the processing of your loan application.

Frequent questions

How does the Alpha Epipleon Overdraft Programme work?

The Alpha Epipleon Overdraft Programme adds a credit line to the balance of your payroll.

You can use the approved credit line, without paying instalments on fixed dates. Quite simply, any time you use your credit line, you are charged with interest on the specific amount and for the corresponding number of days.

Interest is charged depending on the type of your account. Every 6 months for the Alpha Premier-Deposit Account and every 3 months for the Alpha Payroll account.

You can use your credit line to:

Withdraw cash from any ΑΤΜ, using your Alpha Bank card.
Withdraw cash from our branch network and transfer cash from myAlpha Web.
Shop in Greece or abroad.
Pay debts with a standing order.

Are there any requirements to apply for a consumer loan?

Yes. You must be a permanent resident of Greece and have an income in Greece.

If your income alone is not enough to guarantee loan repayment, you can name a guarantor for the loan.

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