• How much money can I borrow to buy a house in Greece?

  The amount of your mortgage is determined by your income combined with your financial obligations, your cost of living and the value of the loan collateral. Maximum amount The maximum amount of mortgage you can receive can't exceed 80% of the value of your property.Few readers

• What is the cost of applying for a mortgage loan in Greece?

  Every application for a mortgage loan incurs some costs associated with processing the application and other related tasks. In particular The cost of examining the application and the cost of legal-technical control: €850 (indicative, depending on the product). Land registry/land registry office costs for the registration of a mortgage notice: 0.775% or 0.875% on the amount of the mortgage + VAT and Costs of filing the application, summary and issuing the relevant certificates,Few readers

• What can I get a mortgage for?

  A mortgage may be granted for the following purposes: Purchase of property and/or land Construction and/or completion of a property Renovation of a property Repairing a property Buying a high energy class property or upgrading an existing propertyFew readers

• What is the levy under law 128/75;

  The levy under Law 128/75, expressed as a percentage (0.12% for housing loans and 0.60% for other real estate loans), is added to the respective interest rate (fixed or variable) on the basis of which the borrower's monthly installment is calculated for the respective period. The levy is paid by the borrower to the bank, which in turn pays it to the state.Few readers

• What are the main mortgage loan products offered by Alpha Bank?

  The main mortgage loan product options offered by Alpha Bank are the following: Alpha Residence Alpha Bank's basic mortgage program for all types of housing needs. With a choice of interest rate type (variable or fixed for 5, 10, 15 or 20 years). In addition, you can request a low initial start-up period and you can set your own loan installment according to your family budget for the first years of the loan to cover the increased obligations associated with settling in a new home. AlFew readers

• Can I get a loan as a foreign resident?

  Sure, any foreign resident, regardless of Greek or other nationality, has the opportunity to obtain a loan in Greece for the purchase of a property.Few readers

• What are the basic eligibility requirements for a mortgage?

  You can get a mortgage loan if you meet the following requirements: You must be over 18 years old. You must not be more than 75 years old at the time your loan ends. For example, if you are 50 years old, the total repayment period cannot exceed 25 years) unless a younger guarantor is included in the loan agreement who will be younger than 75 at the end of the loan. Your family's income must be sufficient and proportional to the amount you want to borrow and the monthly iFew readers

• How long will it take me to pay back my mortgage?

  The total mortgage repayment term is determined by the length of time you choose to repay your loan. A longer term ensures a lower monthly payment, but the total interest is higher. On the other hand, choosing a shorter term will result in a lower interest rate but a higher installment. Therefore, the term you choose should set your installment at a level where a possible change in your income or an unforeseen event will notFew readers

• What type of interest rate should I choose for my mortgage?

  For your mortgage you can choose: Fixed interest rate for the whole duration of the loan (Alpha Bank offers you a fixed interest rate for 5, 10, 15 or 20 years), Floating interest rate or a combination of the two, choosing a fixed rate for an initial period and a floating rate which will be valid from the end of the fixed rate period until the end of the total repayment period of the loan you choose.Few readers

• Can I calculate my instalment for loans other than a mortgage?

  Currently, you can only calculate your installment for home mortgages. In the future, you will also be able to calculate your installment for loans for land, commercial or other types of property.Few readers

• Are there any credit facilities or discounts offered for a mortgage loan?

  Yes, in many cases credit facilities are provided for the repayment of the mortgage loan, mainly during the initial period of payment of installments. There are 2 types of credit facilities provided: Grace Period The grace period means that instead of paying the entire monthly installment at the beginning of your mortgage repayment, you are allowed to pay only the interest part of the installment, thus significantly reducing the amount you pay at the beginning. In the case of mortgages, thFew readers