Alpha Education Consumer Loan

Invest in your studies, meet your immediate needs and make your dreams come true with the advantages offered by Alpha Bank’s loans.

Low rate
Fixed instalment
Term of repayment: up to 8 years

Loans
Consumer loans
Alpha Education Consumer Loan

Invest in your studies

Meet your educational or student needs with the Alpha Education consumer loan.

Get the consumer loan that guarantees a preferential interest rate, which remains fixed throughout the loan term and takes away the stress of arranging tuition payments (for school, graduate or postgraduate studies as well as foreign language courses) and educational material purchases.

Loan financing and term

We offer you financing ranging from Euro 1,500 to Euro 30,000.

The repayment of your consumer loan may be set up to 96 months.

The interest rate

The preferential interest rate remains fixed at 10.50% throughout the loan term (under Law 128/75)

Total Annual Effective Rate (TAER): 13.45% for a loan of Euro 5,000 with a nominal fixed rate of 10.50% and a repayment period of 60 months (including 0.60% levy under Law 128/75), plus application fees of Euro 180.

Loan fees

The application processing fee is Euro 180.

Adjust the instalment of your loan and make its repayment easier using the Alpha Tailored Repayment programme.

The optional insurance scheme “Alpha Personal Insurance”, with favourable pricing for your loan, guarantees the regular repayment of your instalments, in case of accidental and unforeseen events.

It is adapted to the amount and term of the loan and insures you and your family, at the lowest possible cost, against unforeseen events, undertaking the repayment of the outstanding loan balance and accrued interest.

You may choose monthly amortisation instalments to repay your loan:

through standing orders
through ΑΤΜs (using Alpha Bank cards)
through Alpha Web Banking and Alphaphone Banking
through Automated Cash Transaction Centres (ACTC)
by visiting any Alpha Bank Branch.

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
the tax statement for the latest financial year
payslip (for salaried employees)
documents proving the purprose of the loan.

The fees for processing the application amount to Euro 180 and are paid upon loan disbursement.

Frequent questions

How can I pay my loan instalment?

Automatically with a standing order from your account.
Online through myAlpha Web or myAlpha Mobile.
Through myAlpha Phone on +302103260000.
At any Alpha Bank branch.

If you have a consumer loan, you can also pay:

At an ATM with your Alpha Bank card.
At the Automated Payment Systems (APS).

Can I repay my loan at any time?

Yes, repay your loan in full or in part at any time during the loan term, at no extra cost. All you have to do, is apply at one of our branches.

If you opt for a partial repayment, you save up on future interest by reducing the due amount and, at the same time, your next instalment is readjusted.

What is the annual percentage rate of charge (APRC)?

It is the actual total cost of your loan or any other credit you have obtained. It includes the interest, levies and other loan expenses you will pay expressed as an annual percentage of the total loan.

The APRC makes it easier for you to compare different offers.

What do I gain from a mortgage loan?

Lower interest rates and a longer repayment term.

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