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What it offers

100% interest-free loan
Financed by the RRF so you pay no interest. You repay only the borrowed amount.
Without collateral
No need to provide mortgage lien on property or portfolio collateral. 
No fees
No application fees.
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Loan amount and term €5,000-€25,000 / 3-7 years
  • 0% interest rate for 75% of the loan You pay no interest for 75% of the loan amount, i.e. for the amount provided by the Recovery and Resilience Facility (RRF).
  • 100% subsidy for the remaining 25% The interest rate for the remaining 25% of the loan is 100% subsidised by the programme throughout the loan term.
  • Exempt from the Law 128/1975 levy Get financing without needing to pay the Law 128/1975 levy, currently at 0.12%.
  • Early repayment at no extra charge You can pay additional instalments or even repay the entire loan amount earlier, at no extra charge.

Heading towards energy efficiency

See an overview of the process to apply for the “Upgrade my home” programme and take the 1st step towards upgrading the energy efficiency of your home.
happy couple at bank
happy couple at bank
Get loan pre-approval
Visit a branch by appointment and we inform you about the benefits and conditions of the mortgage loan.
Once you’ve gathered the necessary documents for loan pre-approval and eligibility, you book an appointment at a branch and we fill out the application together.
If your application is approved, we inform you over the phone and email you the pre-
...Read more Read less
bank customer speak to clients
bank customer speak to clients
SIGN THE AGREEMENT
If your application is also approved by the HDB, we inform you by SMS to book an appointment at a branch to sign the agreement. You need to sign within 60 days.
happy woman with her dog
happy woman with her dog
Take out the loan
Sign the application to make the money available, paid out in 2 instalments.
We deposit the 1st instalment in your account, 70% of the loan amount. To get the 2nd instalment, the remaining 30% of the loan amount, bring the paid receipts issued in your name after the HDB approval.
If you bring paid receipts for the entire amount from the start, you
...Read more Read less
Get loan pre-approval
Visit a branch by appointment and we inform you about the benefits and conditions of the mortgage loan.
Once you’ve gathered the necessary documents for loan pre-approval and eligibility, you book an appointment at a branch and we fill out the application together.
If your application is approved, we inform you over the phone and email you the pre-
...Read more Read less
SIGN THE AGREEMENT
If your application is also approved by the HDB, we inform you by SMS to book an appointment at a branch to sign the agreement. You need to sign within 60 days.
Take out the loan
Sign the application to make the money available, paid out in 2 instalments.
We deposit the 1st instalment in your account, 70% of the loan amount. To get the 2nd instalment, the remaining 30% of the loan amount, bring the paid receipts issued in your name after the HDB approval.
If you bring paid receipts for the entire amount from the start, you get a lump sum payment of the loan amount.

What else you need to know

There are certain conditions to apply

To apply for an “Upgrade my home” loan, you must:

- Be up to 71 years old at the start of the loan and up to 75 years old at loan maturity.

- Pay taxes in Greece and have a Greek mobile phone number.

Have updated your details at Alpha Bank.

- Use the loan for your own main residence.

- Not rent out the property, if it is a secondary residence.

- Not have taken out another energy upgrade loan for the same residence financed by the EU.

 
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 Ελλάδα 2.0 logo

“Upgrade my home”, managed by the Hellenic Development Bank, is implemented in the context of the RRF loan programme financed by the European Union and NextGenerationEU.

Find other solutions for your home

Discover all the loans we offer to buy, renovate or upgrade the energy efficiency of your home.

FAQs

Take out a loan with the “Upgrade my home” programme

Fill in the contact form and we will get in touch with you as soon as possible.