Alpha Education Loan. Get a student loan to support your children's or your own educational needs.
Grace period for the repayment of capital of up to 5 years
Loan duration of up to 15 years
Loan amount per student up to €150.000
Education with a solid foundation
Alpha Education Loan is a consumer loan specially designed for students studying in Cyprus or abroad that helps them cover the basic needs of student life, including tuition feed, essential homeware etc.
Check below the special privileges with the Alpha Education Loan.
Maximum loan amount per student €150.000 the costs from elementary school all the way to the university.
Grace period for the repayment of capital of up to 5 years (interest payments only)
Maximum loan duration of up to 15 years for loans with tangible security and up to 10 years for the rest
For students, Alpha Bank Enter Mastercard debit card is issued free of charge and offers free cash withdrawals from all ATMs in Cyprus and abroad with no added cost set by Alpha Bank Cyprus Ltd.
50% discount on the purchase of foreign currency for the use of the student
Preferential pricing for the Insurance plan “Students Medical Hypercover” by Altius Insurance
Option for total or partial disbursement of the loan amount, on the basis of the documentation provided
Early repayment fees (full or partial) is based on the Bank’s Charges Catalogue here.
The granting of the loan is subject to the provision of adequate collaterals in favour of Alpha Bank.
Submission of the required tuition documents i.e. student identity card/ registration-education certificate / tuition payment letter
Fluctuating interest rate: Consumer Loan Base Rate (CLBR) plus margin. The percentage rate of the margin is determined according to the customer’s contribution
Learn more about the interest rates, any fees and charges and the Annual Percentage Rate of Charge (APRC) here.
In case the loan is secured by mortgage on immovable property:
The consumer has the right to withdraw from the loan agreement within 5 working days from the signing thereof, provided no amount under the agreement has been disbursed.
If you fail to pay your installments on a regular basis, you run the risk of losing your home.
There are charges for early loan repayment.
The amount of the installment and the total cost of the facility may increase or decrease depending on base rate fluctuations.
In case the loan is not secured by mortgage on immovable property:
The consumer has the right to withdraw from the loan agreement within 14 days from the signing thereof or from the date of receiving the terms of the loan agreement, in case such date is subsequent to the date of signing of the agreement.
Lending Rates and Charges
Information regarding interest rates, any other charges and the Annual Percentage Rate (A.P.R.), using a representative example.
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