consumer loan
myAlpha Quick Loan

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myAlpha Quick Loan Consumer Loan

Through your mobile or computer wherever you are

Get a myAlpha Quick Loan up to €5,000 online. Apply through your mobile using the myAlpha Mobile app or through your computer using myAlpha Web. Apply in just a few minutes, wherever you are, without having to visit a branch. You don’t need to send any documents, as long as all your personal details are up to date.

We assess your application online. Provided we approve it, we immediately deposit the loan amount in the account you have chosen.

You also contribute towards environmental protection. Through our digital process, we do not need to print out information, terms and agreements. You digitally sign the agreement and receive everything on your email. This way we all do our part in reducing our ecological footprint.

If you don’t bank with us, open your first account with Alpha Bank through your mobile.

To get a myAlpha Quick Loan consumer loan on your mobile or through your computer, you must:

Be up to 75 years old at loan maturity.
Reside permanently in Greece and hold a Greek ID card. If you bank with us with an other ID document (e.g. passport, residence permit), you need to visit one of our branches.
Have updated your personal and financial details at Alpha Bank.
Have e-Banking credentials and hold a deposit bank account with Alpha Bank.

Borrow up to €5,000

You may choose a loan amount ranging from €500 to €5,000.

Repay it in 6 to 60 months

The loan term depends on the amount you borrow:

Up to 24 months for amounts €500-1,000.
Up to 48 months for amounts €1,100-3,000.
Up to 60 months for amounts €3,100-5,000.

myAlpha Quick Loan has an annual nominal interest rate of 15.000%, fixed for the entire loan term. The Law 128/1975 levy, currently 0.60%, is added to this.

APRC Example: For a €3,000 loan with 15.00% fixed nominal interest rate, 0.60% Law 128/75 levy, 36-month term and €70 application fees, the Annual Percentage Rate of Charge (APRC) is 18.72%.

The APRC includes the interest, levies and other loan expenses you will pay expressed as a total annual interest rate. This means, it reflects the actual cost of your loan overall.

The fees for processing and assessing the application for myAlpha Quick Loan are €70.

We collect it as a lump sum from the deposit account you chose in your application, as soon as the loan amount is deposited.

Monthly instalments

You start repaying your myAlpha Quick Loan consumer loan 1 month after the loan amount is deposited in the account you chose in your application.

Each month we automatically collect the loan instalment from the same account with a standing order, until the loan is repaid. You must ensure there is adequate balance in the account for your instalments to go through.

Early loan repayment

You may repay your loan at any time, without any additional charges.

Contact the branch of your choice.

Calculate your monthly instalment

Choose an amount up to €5,000 and a loan term up to 60 months to calculate your monthly instalment*.

Download the app

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*These calculations are examples based on a 15.00% fixed annual interest rate and 0.60% Law 128/75 levy. The instalment example does not bind the Bank to grant a loan, neither does it constitute a customised pricing offer. Each loan application is subject to Alpha Bank’s prior approval. For more information on the instalments and the other features of the loan, you may read the pre-contractual Information sent to your email.

Through your mobile or computer in 3 steps

To apply for a myAlpha Quick Loan consumer loan you must hold an account with Alpha Bank and have e-Banking credentials.

Simply:

Tap on Get the myAlpha Quick Loan on the home screen (Overview) of myAlpha Mobile or
choose myAlpha Quick Loan in myAlpha Web New Products.

Fill in the application

Choose amount, term and the account where you want us to deposit the loan amount. Accept the pre-contractual information and we will send it to you on your email.

Answer 3 short questions: where you live (privately-owned home, rental, etc.), how long you’ve been living there and how long you’ve been working for the same employer.

We instantly assess your application inform you of the result. Instant assessment is available 06:00-22:00. If you submit your application 22:00-06:00, we receive your application and inform you of the result in the morning, so as to continue the process.

Sign the agreement digitally

Provided your application has been approved, you digitally sign the agreement with a 6-digit passcode you receive on your mobile. Right after, we send you your loan agreement on your email. The agreement is also available at your e-Banking.

You have 3 days to sign the agreement. Once 3 days have elapsed, the application is cancelled and you need to start over.

Get the money in your account

We immediately deposit the amount of the consumer loan in the account you have chosen.

We automatically collect the €70 application fees as soon as the amount is deposited.

Respecting the environment

The myAlpha Quick Loan consumer loan belongs in the new generation of Alpha Bank digital products. All processes are fully streamlined and concluded online, without you having to visit a branch.

You apply, choose your loan amount and term, and sign your agreement digitally. You receive all the copies on your email, so you can easily access them whenever you need to.

Through our digital products we try to eliminate the use of paper. At the same time we save ink, water and energy.

This way we protect the environment and reduce our ecological footprint.

Log into myAlpha Web

Log in using your e-Banking credentials. Find myAlpha Quick Loan under New Products in myAlpha Web and apply in just a few minutes.

LOG INTO e-BANKING

Alternatively, download the myAlpha Mobile app and apply through your mobile phone

Frequent questions

I do not bank with Alpha Bank. Can I get a myAlpha Quick Loan?

You must first open an account with Alpha Bank.

You can open your first account with Alpha Bank through your mobile.

I bank with Alpha Bank, but I don’t have e-Banking credentials. What should I do?

You can easily get e-Banking credentials through your mobile, without having to visit a branch.

Download the myAlpha Mobile app:

I haven’t updated my details. What should I do?

You can update your details easily online, from your mobile or computer.

Find out all the ways you can update your details.

Can I apply at a branch?

No. You can only apply for myAlpha Quick Loan online through the myAlpha Mobile app or myAlpha Web.

Can I stop midway through my application and continue with it later?

Yes, provided you have submitted your application. All information you have entered is saved and you may pick up the process later.

If your loan is approved, you have 3 days to create a digital signature and sign the loan agreement. Once 3 days have elapsed, the application is cancelled and you need to start over.

FIND OUT MORE

Need help?

Call us on +302103260000 daily (8:00-22:30).

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