Alpha Housing Loan Perfecto by Alpha Bank Bulgaria Offers Fixed Rates
Alpha Bank Bulgaria's housing loan is developed based on a profound research of the consumers' needs and expectations
The Alpha Housing Loan Perfecto by Alpha Bank Bulgaria offers fixed interest rate for 3, 5, 7 or 10 years and is designed for purchase, renovation and refinancing of residential property.
Alpha Housing Loan Perfecto has developed on the bases of a detailed research conducted in 7 cities in the country that identified the customers' attitude towards mortgage loans and their perception regarding the features of the ideal mortgage product.
The results indicate that the main concern for any potential customer is the possible future change in the loan terms and in particular the change in the interest rate. What the customers aim at is stability, predictability and security, having experienced the negative effects of the economic instability over the last years. Acknowledging these, Alpha Bank developed the housing loan with the longest period of fixed rate on the mortgage market not only in Bulgaria but in Europe as well to ensure the peace of mind and the security of its customers and to enable them to successfully forsee their costs and manage their family budgets.
The offer of Alpha Bank – Alpha Housing Loan Perfecto includes fixed interest rate for 3, 5, 7 or 10 years starting from 6,40% and the customer chooses what is the best option for him, according to his needs and preferences. After the selected fixed period the interest is transparently formed from 3m EuriBor plus spread.
The pre-payment fee for Alpha housing loan Perfecto is also extremely competitive - 1.5% for the period of the loan and 2.5% during the fixed period.
In case of Alpha mortgage package, including credit card, debit card, transfer of salary and active web banking, the customers will receive additional discounts and minimum requirements for the preferences usage.
The main challenge that the Bank faced when developing this product was to lock in the interest rates for up to 10 years, given the European financial markets trends, which are difficult to project. This proves further the readiness and commitment of Alpha Bank to meet its customers' needs and expectations by creating innovative and attractive products and its position as one of the most active and aggressive players in the field of mortgage lending.
To facilitate its customers, the interactive online advisor www.loanadvisor.eu that the bank launched almost a year ago provides professional advice for Alpha Housing Loan Perfecto as well as all other loans.