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Alpha Education student loan
Invest in your studies
Discover the features
What’s the interest rate
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%.
What are the loan amount and term
From €1,500 to €30,000
Depending on your needs and the way you obtain the loan, you 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
Repay the Alpha Education student loan in 6-96 years, depending on your finances.
What’s the loan fee
€180 for us to process your application.
We deduct the amount at disbursement, meaning, when we deposit the loan amount into your account.
How you repay it
With 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 your web banking or mobile app.
- Over the phone with phone banking.
- 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.
What needs you can meet
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.
Can I get a personal loan?
Apply provided you...
- Are up to 75 years old at loan maturity.
- Live permanently and are taxed in Greece.
- Have updated your details at Alpha Bank.
- Hold a simple bank account with Alpha Bank.
- Have e-Banking credentials (if you apply online) or have booked an appointment at an Alpha Bank branch.
Have at hand...
- Income tax clearance certificate (last year)
- Copy of monthly payslip or pension slip (recent)
- Documents proving the purpose of the loan (college or university certificate of enrollment, or receipts for books or foreign language lessons)
See which supporting documents you’ll need.
1. Set up your loan
Log into your mobile app or web banking with your credentials. In the “New products” section, choose: Personal loans > Get a loan.
Enter the loan amount, term and the needs you want to meet with the loan. Then:
- On your web banking find out the sample monthly instalment.
- On your mobile app tap on “Calculate your instalment” to find out the sample monthly instalment.
Tap on Learn more > Get the loan > Continue.
2. Apply in 5 steps
- Choose the account where we’ll deposit the loan amount and from which you’ll be paying the instalment.
- Accept the pre-contractual information for the loan and the Alpha Bank personal data notices.
- Answer 4 or 5 short questions.
- Upload the necessary supporting documents.
- Check the loan details and submit the application.
3. Wait for your application assessment
We assess your application and inform you of the result by email.
We may approve or reject your application, come up with a new proposal or request a guarantor.
4. Sign the agreement digitally
Provided your application has been approved, you digitally sign the agreement with a 6-digit code you receive on your mobile. Right after, we send you your loan agreement to your email. The agreement is also available on your e-Banking.
You see the deadline for signing it. After this time, the application is cancelled and you need to start over.
5. Get the money in your account
We immediately deposit the amount of the personal loan in the account you have chosen.
We automatically collect the loan fee as soon as the amount is deposited.
No e-Banking?
Get credentials
From your computer or mobile
If you hold an active Alpha Bank debit or credit card, you can get credentials on the spot, without visiting a branch.
Start banking with us
Online, without visiting a branch
Open your first account with Alpha Bank and get e-Banking credentials online.
Visit a branch
By appointment
Book your appointment at a branch on the day and time you prefer and bring along the supporting documents.
Call us
Daily 09:00-17:00
On +302130095567, to apply for a personal loan over the phone.
Explore other options
Any questions?
Find the answers you need about the Alpha Education student loan.
I need a guarantor for my loan. What should I do?
You must visit the branch of your choice along with them.
Find out:
When do I need to apply for a personal or a green loan at a branch ?
Apply at a branch if you want to take out a personal loan up to €30,000.
If you want a loan up to €15,000, you can apply from your computer or mobile for: