Alpha Residence

Buy or design the house you've always dreamed of!

Alpha Residence housing loan is offered in Euro, to permanent residents of Cyprus for the purchase, building, completion or refurbishment of a house/ an apartment, purchase of land or the transfer of existing housing loans from other financial institutions.

Additionally, the Alpha Residence housing loan is also offered for the financing of properties with an Energy Performance Certificate category A.

For alternative pricing options, contact any Alpha Bank Branch.

• Total amount of credit: €150.000
• Client’s contribution: ≥ 45%
• Debit interest rate:
  • Fixed Interest Rate 2,45% for the first 3 years
  • Fluctuating Interest Rate at 4,021% for the remaining duration of the loan, until its maturity. The Fluctuating Interest rate consists of the Housing Loan Base Rate (HLBR) which amount to 4,521% as of 02/04/2025 plus margin - 0,50%. For further information about Alpha Bank's Base Rates click here
• Duration of the loan agreement: 30 years (360 months)
• Installment amount:
  • €588,98 for the first 3 years (36 months)
  • €704,87 for the remaining 27 years (324 months)
• Fees/ charges included in the APR and in the total payable amount: €2.345,20 (All costs of arrangement and documentation fees and stamp duty expenses for the financing documents. Expenses for conducting an appraisal of the immovable property and a mortgage registration fee (1%) paid to the Land Registry).
• Total Annual Percentage Rate (APR): 3,85% (calculated on 02/04/2025)
• Total payable amount: €251.925,90 (including fees)
• Other expected charges for the borrower not included in the Total Annual Percentage Rate (APR): the cost of life insurance for the borrower and of fire/ earthquake insurance for the mortgaged property
• The granting of the loan is subject to the assignment of satisfactory tangible collateral (e.g. mortgage or other similar collateral on immovable property intended for housing) and the conclusion of life and fire/ earthquake insurance policies.

• Total amount of credit: €150.000
• Client’s contribution: ≥ 45%
• Debit interest rate:
  • Fixed Interest Rate 2,65% for the first 5 years
  • Fluctuating Interest Rate at 4,021% for the remaining duration of the loan, until its maturity. The Fluctuating Interest rate consists of the Housing Loan Base Rate (HLBR) which amounts to 4,521% as of 02/04/2025 plus margin - 0,50%.  For further information about Alpha Bank's Base Rates click here
• Duration of the loan agreement: 30 years (360 months)
• Installment amount:
  • €604,58 for the first 5 years (60 months)
  • €699,76 for the remaining 25 years (300 months)
• Fees/ charges included in the APR and in the total payable amount: €2.345,20 (All costs of arrangement and documentation fees and stamp duty expenses for the financing documents. Expenses for conducting an appraisal of the immovable property and a mortgage registration fee (1%) paid to the Land Registry).
• Total Annual Percentage Rate (APR): 3,72% (calculated on 02/04/2025)
• Total payable amount: €248.548,25 (including fees)
• Other expected charges for the borrower not included in the Total Annual Percentage Rate (APR): the cost of life insurance for the borrower and of fire/ earthquake insurance for the mortgaged property
• The granting of the loan is subject to the assignment of satisfactory tangible collateral (e.g. mortgage or other similar collateral on immovable property intended for housing) and the conclusion of life and fire/ earthquake insurance policies.