Step 1: Discover what Fits your Budget  

Take the guesswork out of home buying. Our easy-to-use Loan Calculators help you estimate the maximum property value you can afford and your monthly instalment. 

From Savings to your Home: Contribution & Cost Guide

• First Home contribution: minimum 20% of purchase price
• Holiday Home contribution: minimum 30% of purchase price

💡Tip: A bigger contribution could earn you a better rate!

Alternative Contribution Options 

No extra savings? No problem. In some cases, we may accept your contribution by mortgaging another property, if it meets the Bank’s criteria. 

Don’t forget to Plan for Additional Costs

• Initial Costs: Stamp duty, legal fees, property valuation fees, transfer and mortgage registration fees, and VAT. 
• Ongoing Costs: Consider yearly costs like insurance, property taxes, maintenance, plus your monthly loan instalment.

💡Tip: If buying in Cyprus, check VAT implications with the seller or consult the Cyprus Tax Department.

Calculate VAT for the purchase or building of your house here.

Start Saving today

• Track your spending with BoC Internet Banking under Cards / Expenses or
• Use MoneyFit in the BoC Mobile App to manage your finances and hit your savings goals.

Ready to begin? Open your online savings account instantly.

Step 2: Choose the Right Property for you

Finding the right Home is one of the most important steps in your Home-Buying journey. We’re here to guide you every step of the way.

Define Your Needs First

Start by identifying what matters most:

• Location: Is it close to work, schools, and essential services?
• Size & Layout: Does it fit your lifestyle and future plans?
• Amenities & Quality: Check building specifications and construction quality. 

Explore the market:

• New Builds: Visit developer websites or real estate exhibitions 
• Resale Properties or Land: Browse online listings, real estate agents, credit acquisition companies, or private sellers.

💡Tip: Visit the properties in person to get a real sense of the space and the surroundings. 

Planning to Build or Buy Under Construction?

Keep these points in mind:

• Review plans and specifications. Ask about permitted alterations or optional upgrades
• Clarify which costs are included in the offer and plan for any extras 
• Understand the payment plan as construction progresses
• Agree on timelines to avoid delays and unexpected expenses

Need Flexibility?

Contact us about options such as payment or interest suspension for the first 12 months giving you breathing room while your dream home takes shape.

Step 3: You’ve Found the Property. What’s next?

Before you sign anything, confirm all the essentials so you can proceed with confidence: 

Key Documents: Request a draft sale agreement, recent title deed, and Land Registry search certificate to verify ownership, property details, and any rights or restrictions.

For more details, refer to the official guide issued by the Department of Lands and Surveys.

You can also view property details and interactive maps at the DLS portal.

Building Legality: Check for planning or construction issues.

Energy Performance Certificate: Higher energy efficiency means lower rates with our Green Loan.

Check the requirements for issuing an Energy Performance Certificate in Cyprus.

💡Tip: For added comfort, seek legal advice before signing. 

Secure Your Property

• To reserve your chosen property, the seller may require a deposit.
• Once you and the seller agree, we’ll guide you through your financing options. 

Step 4: Find the Rates and Plans that work best for You

Choosing the right loan is a big decision, and we’re here to help.

Whether you’re building, buying, or renovating, we offer flexible options designed to fit your needs and lifestyle. Explore our range of home loan options here. 

Pick the Interest Rate and Repayment Plan that works for You

What’s the Difference?

• Fixed Rate: Your monthly instalment stays the same, no surprises, predictable payments, peace of mind.
• Variable Rate: Payments adjust with market conditions, offering flexibility and potentially lower early repayment costs.

💡Tip: You can start with a fixed rate and later switch to a variable rate for added flexibility.

Discover How to make your Home Cost Less

• Go Green: Enjoy lower rates with our Green Loan for energy-efficient homes.
• Get Rewards: Join our pronomia Loyalty Scheme for extra discounts on interest and insurance when you bank with us.

Ready to take the Next Step?

Gather the necessary documents and apply online through our Digital Housing Loan platform. We’ll handle the rest.

Prefer personal assistance? Book an Appointment and we’ll guide you through the process. 

Step 5: Almost Home - your Final Steps

Your Home-Buying journey is complete. Now it’s time to settle in. Follow these practical steps to ensure a smooth move: 

Final Inspection: 

• Check that everything is in order
• Confirm any agreed repairs are complete

Clear Pending Issues: 

• Ensure no unpaid bills remain
• Collect or cancel access cards from the previous owner/tenant

Secure your Home:  

• Update locks, alarms, or monitoring systems
• Consider home insurance options to protect your property and belongings

Set up Essential Services:  

• Arrange electricity, water, internet, and other utilities
  
  

💡Tip: Set-up direct debit orders for automatic bill payments.

Update your Address:  

• Notify your Bank, tax office, insurance providers, and healthcare services

Every Move brings New Needs

• Equip your home with furniture, appliances, and more.

With QuickLoans and Fleksy, you can set up your home easily and stress-free.