Is my company eligible to apply for this product?

To apply, your company must: Be a small or medium-sized enterprise (SME) registered and actively operating in Cyprus Have at least one year of financial results available demonstrating business activity and financial stability Ensure that all company directors are active business subscribers in 1bank and provide their approval as part of the application process Directors currently using a personal subscription can switch to a business subscription by contacting the company's responsible unit.

Who can submit an application on behalf of the company?

Any authorised business user of the company can initiate and submit the application. Before the application can proceed, approval from all company directors is required.

I have a business subscription for more than one company. Can I apply for each of them?

Yes. You can submit applications for multiple companies at the same time. However, each company can have only one pending application at any given time.

How can I apply for a Digital Business Loan?

You can submit your application through Internet Banking using your business subscription.

How quickly will I receive a response?

You will receive a response within 24 hours of submitting your application.

What can I use the Digital Business Loan for?

The Digital Business Loan supports a wide range of business financing needs through two funding options: Working Capital It provides financing for your company's day-to-day operational needs, helping maintain the liquidity required to support smooth business operations. Capital Expenditure (CAPEX) It provides financing for investments such as equipment purchases, energy efficiency upgrades, business expansion. This flexible financing option is designed to support your company's long-term growth.

How can I track the progress of my application?

You will receive real-time updates via SMS and Internet Banking, allowing you to track your application's progress every step of the way.

What supporting documents do I need to apply?

You will need to upload an invoice or quotation supporting your financing request. If the financial statements already submitted to the Bank are older than 18 months, you will also need to provide audited financial statements or management financial statements covering a full 12-month financial period within the last 18 months. If these statements are not available, you can download the Simplified Financial Statements (Income Statement and Balance Sheet) during the application process, have them completed and signed by the company's accountant and one director, and then upload them as part of your application.

My company is not a customer of the Bank. Can I still apply?

Yes. Before applying, your company must gather the required documentation listed on the company account opening application page and complete the Bank of Cyprus onboarding process. This includes submitting a digital application to open either a business sight account or a savings account. If no account is required, the documents may be submitted at any Bank of Cyprus branch. Once onboarding has been completed, all company directors must be linked to the company in 1bank as business users before starting a Digital Business Loan application.

Are there any fees associated with the application?

Yes. These fees are payable only after the loan has been granted. Arrangement Fee An Arrangement Fee of 1% of the approved loan amount applies, with a minimum fee of €25. This fee covers the Bank's administrative costs relating to the assessment, preparation and processing of the application. Documentation Preparation Fee Documentation Preparation Fees are €50 for small enterprises and €150 for medium-sized enterprises. These fees cover the preparation of the legal documentation related to the approved financing. For more information, please refer to the Bank's Table of Commissions and Charges .

What interest rate applies to the Digital Business Loan?

The Digital Business Loan is offered with a variable interest rate consisting of the 6-month Euribor (base rate) plus a margin. Changes in the base rate may increase or decrease the applicable interest rate at any time. Any change to the overall interest rate will also affect the amount of your instalments.

What is the Annual Percentage Rate (APR)?

The Annual Percentage Rate (APR) represents the total cost of financing to the customer. In general it includes all costs payable by the customer to the Bank or third parties, such as government charges, insurance costs and valuation expenses. APR is one of the most useful tools for comparing the true cost of financing, as it includes all financing-related charges and enables comparison between different financing products and providers.

What happens if I repay my loan early?

If you repay your loan early or make payments before the agreed repayment schedule, the Bank may charge fees depending on the type of interest rate applied and the amount repaid early.

How is my application assessed and what does automated decision-making mean?

Digital Business Loan applications are assessed electronically based on the company's creditworthiness, repayment capacity and the Bank's applicable credit policy. Approval or rejection of an application is based on the processing of the company's financial information and the credit information of its directors. The decision is made using automated means only, including profiling, without human involvement and only after obtaining the consent of all company directors. The Bank uses only the information necessary to assess the company's creditworthiness and repayment ability in order to make responsible, fair and informed lending decisions. This may include information provided in the application, information obtained from the Bank's internal records and information from external sources, including Artemis Credit Bureau . In certain cases, an application may be automatically referred to the Bank for further assessment by an authorised officer.

Can I challenge an automated decision if my application is rejected?

Yes. The company may request a review of the decision by contacting its responsible unit.

Can the company withdraw its application at any time?

Yes. The company may withdraw its application at any stage. If application information has already been entered, the company may choose to save it and continue later or discard the application. If the application is discarded, the information entered will not be saved. Applications that remain inactive for 15 days are automatically discarded. If a decision has already been reached, the company may still withdraw its application at any time before signing the financing agreements, provided the decision remains valid within the period stated in the relevant approval notification. The company may also withdraw from the financing agreement within a specified period and subject to the applicable terms and conditions. Further information will be included in the approval notification and financing agreement.

How quickly will the loan funds become available?

If the application is approved, the loan amount will be available on the next business day following the signing of the financing documentation.

Digital Business Loan

Finance your next move with confidence

Need extra liquidity to cover day‑to‑day working capital needs or funding to invest in new equipment, energy or business expansion? Our financing solutions are designed to support your business growth. Let us take care of your business lending, so you can focus on moving your business forward.

Apply online via Internet Banking and get a reply within 24 hours

Without guarantees or securities
Alternative tailor-made solutions
based on the company’s financial profile
Online uploading of documents
Real time updates on the application status
through SMS and 1bank
Submission of the application by any business subscriber
– accepted by all company directors

Working Capital

To cover liquidity needs

Loan up to €20.000
Maximum repayment period of 2 years
Variable interest rate

Capital Expenditure (CAPEX)

For business assets, business expansion and energy upgrade

Loan up to €20.000
Maximum repayment period of 8 years
Variable interest rate

More information

To apply, your company must:
- Be a small or medium-sized enterprise (SME) registered and actively operating in Cyprus
- Have at least one year of financial results available demonstrating business activity and financial stability
- Ensure that all company directors are active business subscribers in 1bank and provide their approval as part of the application process
Directors currently using a personal subscription can switch to a business subscription by contacting the company's responsible unit.
Any authorised business user of the company can initiate and submit the application. Before the application can proceed, approval from all company directors is required.
Yes. You can submit applications for multiple companies at the same time. However, each company can have only one pending application at any given time.
You can submit your application through Internet Banking using your business subscription.
You will receive a response within 24 hours of submitting your application.
The Digital Business Loan supports a wide range of business financing needs through two funding options:
- Working Capital
It provides financing for your company's day-to-day operational needs, helping maintain the liquidity required to support smooth business operations.
- Capital Expenditure (CAPEX)
It provides financing for investments such as equipment purchases, energy efficiency upgrades, business expansion. This flexible financing option is designed to support your company's long-term growth.
You will receive real-time updates via SMS and Internet Banking, allowing you to track your application's progress every step of the way.
You will need to upload an invoice or quotation supporting your financing request.

If the financial statements already submitted to the Bank are older than 18 months, you will also need to provide audited financial statements or management financial statements covering a full 12-month financial period within the last 18 months.

If these statements are not available, you can download the Simplified Financial Statements (Income Statement and Balance Sheet) during the application process, have them completed and signed by the company's accountant and one director, and then upload them as part of your application.
Yes. Before applying, your company must gather the required documentation listed on the company account opening application page and complete the Bank of Cyprus onboarding process.

This includes submitting a digital application to open either a business sight account or a savings account. If no account is required, the documents may be submitted at any Bank of Cyprus branch.

Once onboarding has been completed, all company directors must be linked to the company in 1bank as business users before starting a Digital Business Loan application.
Yes. These fees are payable only after the loan has been granted.
- Arrangement Fee
An Arrangement Fee of 1% of the approved loan amount applies, with a minimum fee of €25. This fee covers the Bank's administrative costs relating to the assessment, preparation and processing of the application.
- Documentation Preparation Fee
Documentation Preparation Fees are €50 for small enterprises and €150 for medium-sized enterprises. These fees cover the preparation of the legal documentation related to the approved financing.

For more information, please refer to the Bank's Table of Commissions and Charges.
The Digital Business Loan is offered with a variable interest rate consisting of the 6-month Euribor (base rate) plus a margin.

Changes in the base rate may increase or decrease the applicable interest rate at any time. Any change to the overall interest rate will also affect the amount of your instalments.
The Annual Percentage Rate (APR) represents the total cost of financing to the customer.

In general it includes all costs payable by the customer to the Bank or third parties, such as government charges, insurance costs and valuation expenses.

APR is one of the most useful tools for comparing the true cost of financing, as it includes all financing-related charges and enables comparison between different financing products and providers.
If you repay your loan early or make payments before the agreed repayment schedule, the Bank may charge fees depending on the type of interest rate applied and the amount repaid early.
Digital Business Loan applications are assessed electronically based on the company's creditworthiness, repayment capacity and the Bank's applicable credit policy.

Approval or rejection of an application is based on the processing of the company's financial information and the credit information of its directors. The decision is made using automated means only, including profiling, without human involvement and only after obtaining the consent of all company directors.

The Bank uses only the information necessary to assess the company's creditworthiness and repayment ability in order to make responsible, fair and informed lending decisions.

This may include information provided in the application, information obtained from the Bank's internal records and information from external sources, including Artemis Credit Bureau.

In certain cases, an application may be automatically referred to the Bank for further assessment by an authorised officer.
Yes. The company may request a review of the decision by contacting its responsible unit.
Yes. The company may withdraw its application at any stage.

If application information has already been entered, the company may choose to save it and continue later or discard the application. If the application is discarded, the information entered will not be saved.

Applications that remain inactive for 15 days are automatically discarded.

If a decision has already been reached, the company may still withdraw its application at any time before signing the financing agreements, provided the decision remains valid within the period stated in the relevant approval notification.

The company may also withdraw from the financing agreement within a specified period and subject to the applicable terms and conditions. Further information will be included in the approval notification and financing agreement.
If the application is approved, the loan amount will be available on the next business day following the signing of the financing documentation.