Make you dream come true
Housing Loans. Make your dream come true.
Looking for a housing loan?
The Bank of Cyprus offers various flexible housing loan solutions to help you acquire the house you always dreamed of.
What is the loan for?
The Bank of Cyprus provides you with lending facilities to:
- build or buy your first house or flat
- build of buy your country house
- buy a plot of land
- renovate or restore your house
What do you need to know about the Bank of Cyprus housing loans?
- That you may be financed for up to 80% of the value of the property
- That you may pay lower monthly installments for a longer period of time, up to 40 years
- That you have the option not to pay any installment or pay low installments for the first 2 years (Grace period to the Capital and/or accrued interest)
- That you will be given the option to design your monthly installments according to your financial capabilities
- That you have the option to suspend your monthly installment twice a year, up to 24 times during the loans' duration
- That you have the choice to be financed in Euro or in other currencies
- That you are given the freedom to choose whether the loan will be with flexible interest rate or with a fixed interest rate for 2, 3, 5 or 10 years.
How much will it cost?
- FIRST HOUSE - 2 YEARS FIXED INTEREST RATE
The real cost (A.P.R) of a loan for your first house is 3,5%.
The Annual Percentage Rate (A.P.R) was calculated on 29/06/2010 for a €100.000 loan of a 20 years repayment period with Fixed Interest rate 2,75% for two years and Euribor 6month (1,03%) + Margin 2.5% for the remaining period. Arrangement fees 0.50% + Documentation fees € 70.
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The real cost (A.P.R) of a loan for a country house is 4,0%.
The Annual Percentage Rate (A.P.R) was calculated on 29/06/2010 for a €100.000 loan of a 20 years repayment period with Fixed Interest rate 3,10% for two years and Euribor 6month (1,03%) + Margin 3,0% for the remaining period. Arrangement fees 0.50% + Documentation fees € 70.
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Freeze Time With Our Housing Loan Mortage :
- FIRST HOUSE 5 YEARS FIXED INTEREST RATE
The real cost (A.P.R) of a loan for your first house is 3,9%.
The Annual Percentage Rate (A.P.R) was calculated on 29/06/2010 for a €100.000 loan of a 20 years repayment period with Fixed Interest rate 3,95% for five years and Euribor 6month (1,03%) + Margin 2.5% for the remaining period. Arrangement fees 0.50% + Documentation fees € 70.
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The real cost (A.P.R) of a loan for a country house is 4,30%.
The Annual Percentage Rate (A.P.R) was calculated on 29/06/2010 for a €100.000 loan of a 20 years repayment period with Fixed Interest rate 4,20% for five years and Euribor 6month (1,03%) + Margin 3,0% for the remaining period. Arrangement fees 0.50% + Documentation fees € 70.
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Renovate your home quickly with:
¨Renovation Express Loan ¨
- Give your home a makeover with a ¨Renovation Express¨ Loan.
Simple procedures, no need for submitting any architectural plan or other documents. Renovate
your home, in a fast and simple way, with a €20000 - €50000 loan.
All non residents who are considering buying property in Cyprus are welcomed to our countrywide branch network for further information.
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The Bank of Cyprus reserves the right to reject any loan application according to its judgement.
Is that all ?
No this is not all. Choose the Bank of Cyprus for your housing loan and enjoy:
- Current account overdraft facilities
- American Express Card, free membership for a year
- Discounted insurance rates on your House Insurance
Buying property in Greece?
Have you ever thought of buying property in Greece but the financing procedure made you reconsider? Now, at the Bank of Cyprus everything is as easy as buying property in Cyprus.Just find the property you would like to buy and leave the rest to us.The Bank of Cyprus, having good knowledge of the Greek market and a large network of branches in Greece, offers you the ideal solution.
Choose a house in Greece, choose the Bank of Cyprus for your housing loan and let us take care of all the necessary procedures.
Warning
You run the risk of losing your property if you fail to keep up with the mortgage installments or installments of any other loan, which is secured by a mortgage on your property.
The mortgagee may vary the interest rate and the repayment installment of your housing loan from time to time.
The above terms apply to housing loans for permanent residents of Cyprus.
Loan granting depends very much on the submission of adequate securities by the borrower to the Bank, which however maintains the right to reject any loan application according to its judgment.