An ally for those who want to renovate their home with the “Alpha Home Renovation” program

That is why acquiring property has always been one of the priorities for every family. At the same time, the modern economy and tourism, as the driving force behind the former in recent years, have made residential real estate an important form of investment for both Greeks and foreigners, with short-term rentals being the driving force behind the market.

However, in order to remain in good condition and withstand the passage of time, every building needs care. Alpha Bank is an ally in the efforts of every homeowner who needs maintenance or renovation, with its “Alpha Home Renovation,” which offers flexible financing on favorable terms, whether for owner-occupied (primary or secondary/vacation home) or rental properties.

Interest is particularly high in cases of tourist rentals, such as Airbnb, HomeAway, etc., which have seen rapid growth in recent years. In fact, Alpha Bank’s housing program offers quick disbursement of funds, providing immediate assistance to owners who want to use their properties to host foreign visitors.

It is worth noting that demand for furnished apartments in our country is constantly increasing, along with travelers’ demands for high-quality spaces and services, leading to a significant rise in residential property repairs and renovations in 2017, a trend that continues this year.

A significant advantage for interested parties is the fact that Alpha Bank’s mortgage program does not require a mortgage on the property for small-scale projects with a budget of €5,000-15,000. This reduces the time and expense involved in disbursing the loan, which is granted in two equal installments, with a repayment period ranging from 3 to 8 years. If the work is more demanding, the loan can reach up to €40,000, with a mortgage on the property, while repayment can be made over a period of up to 20 years.

An important feature of “Alpha Home Renovation” is that it offers borrowers a grace period of up to six months, with payment of the corresponding interest for the period during which the work is carried out, a period during which expenses are increased. Finally, there is also the option of early repayment of the loan, in part or in full, without any additional charges.

Furthermore, as part of the “Alpha Home Renovation” program, which participates in the Bonus Reward Program, the Bank offers its customers 2 Bonus points for every €1 loan, which they can redeem at 4,000 partner stores, some of which sell home furnishings.

Interested parties can find more information at Alpha Bank branches and at alpha.gr.