Your housing loan for purchasing a house/flat for investment

The options and the product features presented below apply to permanent residents of Cyprus only. If you have not been permanently resident in Cyprus for the last 5 years but are interested in housing loans, please call in at any of our Bank of Cyprus branches to find out about the options open to you.

Loan amount: You can obtain a loan for an amount of up to 60% of the value of the property.

Grace period: You can opt to pay a low instalment for the year, equal to your interest for that period.

Instalment planning: You can set the level of the instalment and the frequency of payment based on your repayment capabilities.

Currency: EURO

Interest Rate Type: As far as the interest rate is concerned, you can choose between:

  •  a fixed interest rate for a period of 3 to 5 years. After the fixed period you have selected for the loan ends, the interest rate will revert to a variable rate based on the Bank’s base rate for housing loans or the Euribor 6-month rate.
  •  a variable rate for the entire duration of the loan. You can opt for either the Bank’s base rate for housing loans or the Euribor 6-month rate. 
  • Ask our Relationship officers to find out more on our current interest rates.

Maximum repayment period: 20 years

Minimum repayment period: 15 years if you opt for a fixed interest rate or 10 years if you opt for a variable rate.

Instalment Postponement: If something unexpected happens, you can always opt to postpone paying up to 2 monthly instalments per year and a total of 24 instalments over the course of your loan.

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