Alpha Residence

Cover your housing needs and choose the best available option for repaying your loan.

Fixed interest rate for the first 3, 5 or 10 years. After the fixed interest period, the interest rate will be fluctuating for the remaining duration of the loan.

Fixed interest rate with fixed monthly installment for the entire loan.

Fluctuating interest rate for the entire loan.

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.

Transfer your housing loan to Alpha Bank
and we'll cover the first €500 of your transfer fees*.

*All the initial bank and property valuation fees (where applicable) and Land Registry fees for the registration of the mortgage to be transferred.

For more information, fill in your personal details here!

Warning: If you do not keep up with your loan repayment schedule, you run the risk of losing your home.
Warning: There are charges for early loan repayment.
Warning: At the end of the fixed interest rate period, the loan will be charged with fluctuating interest rate. The amount of the installment and the total cost of the facility may increase or decrease depending on base rate fluctuations.
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.

Terms and conditions apply.

Loan amount covering up to 80% of the property's purchase value for first main residence and up to 70% of the property’s purchase value for the second
Minimum duration:
- For loans with fluctuating interest rate: not applicable
- For loans with combination of fixed and fluctuating interest rate: 10 years
Maximum duration:
- Up to 30 years, including the grace period
- At loan maturity the debtor’s age must not exceed 65 years
Repayment through monthly installments
Grace period of up to 2 years, in case the property is under construction
Early repayment fees (full or partial) is based on the Bank’s Charges Catalogue here.
Discount for Domestic Fire and Related Risks Insurance during the first year by Altius Insurance

Registration of a first legal mortgage over the financed property
Discount on Domestic Fire and Related Risks Insurance policy for the first year with Altius Insurance
Assignment of borrower’s life insurance policy
Any other guarantees that may be required by the Bank
The granting of the loan is subject to the provision of satisfactory tangible collaterals

Combination of fixed and fluctuating interest rate:
- Fixed interest rate with fixed monthly instalment for the first 1, 3, 5, 10, 15, 20 or 25 years
- After the fixed interest rate period, the interest rate will be fluctuating for the whole duration of the loan, based on the Housing Loan Base Rate (HLBR) plus margin. The margin is determined according to the customer’s contribution
Fixed interest rate:
- Fixed interest rate for 10, 15, 20, or 25 years with fixed monthly instalment for the whole duration of the loan
Fluctuating interest rate:
- Housing Loan Base Rate (HLBR) plus margin for the whole duration of the loan. The margin is determined according to the customer’s contribution
For more information in regard to alternative pricing options you may contact any of the Alpha Bank branches
Learn more about the interest rates, any fees and charges, and the Annual Percentage Rate of Charge (APRC) here.

If you do not keep up with your loan repayment schedule, you run the risk of losing your home.
There are charges for early loan repayment.
At the end of the fixed interest rate period, the loan will be charged with fluctuating interest rate. The amount of the installment and the total cost of the facility may increase or decrease depending on base rate fluctuations.
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.
The exact terms of the loan (e.g. amount, duration, grace period, etc.) are subject to approval upon submission of a relevant application.

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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