How to take out an Alpha Cash Collateral mortgage loan

For buying a home

During this time, you need to find a property. We check the draft purchase agreement and, provided it meets the loan conditions, you bring the final agreement. You sign the final approval.

For carrying out works on a home you already own

For building, completing, extending, making additions or carrying out repairs on a home you already own, we give you the project budget draft to be filled out by your engineer.

Once you bring us the completed project budget draft, it is approved by ARES (Alpha Real Estate Services SA) or the associate engineers. You sign the final approval.

We inform you over the phone or by SMS so you can come to the branch to sign the loan and the collateral agreement. We then conclude the collateral process.

For buying

If you are buying a built property, the money is paid out in a lump sum.

We issue a crossed cheque to the amount of the agreement, payable to the seller.

For building or repairing

The loan amount is paid out in instalments in the event of:

• Building a home
• Completing a home
• Buying a home under construction
• Carrying out certified repairs
  

The money is paid out based on the progress of the works, following reassessment and certification by ARES (Alpha Real Estate Services SA).