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 Please contact me in connection with finance for my business
  
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Bank of Cyprus Customer


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Business loan

Whether you are a small business or self-employed, we offer you flexible solutions and facilities with simple approval procedures and convenient repayment terms.

Our business loans offer solutions for all your needs:

  •  To start or develop your business
  •  To buy goods or to increase your business turnover
  •  To renovate your business premises (if rented)

With the experience and expertise of our staff, we design your loan together with the aim of meeting both your needs and the repayment abilities of your business. 

What you should know

Regarding the type of interest rate, you have two choices:

  •  A loan with a fluctuating interest rate for the whole of the loan term
  •  A loan with a fixed interest rate for three or five years and then a fluctuating interest rate until repayment

The amount of the loan depends on your needs and the minimum loan amount varies depending on the plan of your choice as follows:

  •  € 5,000 for plans with a fluctuating interest rate
  •  € 7,000 for plans with a fixed interest rate
  •  €20,000 for a plan for the purchase of goodwill or for the renovation of business premises that are not owned by you

The repayment period varies depending on the plan of your choice. Minimum repayment time:

  •  Eight(8) years for plans with a fixed interest rate
  •  One (1) year for plans with a fluctuating interest rate

Maximum repayment period for all plans:

  • Twelve (12) years 
  • Eight (8) years if the security is a personal guarantee

Regarding the repayment of the loan, you are offered a grace period on the capital and that means you pay a very low instalment during the initial period of the loan:

  •  Up to 12 months if there is not a tangible security
  •  Up to 24 months if there is a tangible security .

The pricing of the loan varies depending on security. For example, the presence of collateral security results in a lower interest rate than if only personal guarantees are provided.

 

Loan options             

Pricing in Euros                          

With property collateral

With floating interest rate

BBR + 1,25%

3 Years Fixed

3 years @ 5.00%
and then
BBR + 1.25%

5 Years Fixed

5 years @ 5.25%
and then
BBR + 1.25%

With personal guarantees 

 

With floating interest rate

BBR + 2.50%

3 Years Fixed

3 years @ 6.25%
and then
BBR + 2.50%

 5 years Fixed

5 years @ 6.50%
and then
BBR + 2.50%

 With cash guarantees

 With floating interest rate

Euribor 6M + 1%

 

  

 

  •  BBR (Bank Base Rate) = 3,83%
  •  Euribor 6m =0,0%. The Bank sets a minimum percentage of 0% for Euribor 6m.

 

Charges
Learn more about charges here.

 

Warning:
The Bank reserves the right to reject any application at its discretion and to withdraw any plan at any time. The interest rate may be modified by the Bank from time to time.

You run the risk of losing your property if you do not keep up regular payments of instalments on a mortgage or any other loan secured by a mortgage on your property.

CONTACT US 800 00 800 / (+357) 2212 8000 EMAIL US