The State is supporting the acquisition of a primary residence by subsidising the interest rate of housing loans by up to 1.5% for 4 years. Whilst maintaining the same low interest rates, Alpha Bank provides for the refund of the remainder of the interest with Alpha Subsidy Plus+ for the first year. The Alpha Subsidy Plus+ scheme applies to new housing loan applications for the purchase or construction of a primary residence, to be submitted by 31.05.2021, for a total amount not exceeding €300,000. Housing loans subsidised under other schemes are excepted. The Bank reserves the right to withdraw or amend the product at any time.