Purchase of land
Do you wish to buy your own plot and build your home?
InterestFixed or Variable
DurationUp to 20 years
Loan amountUp to 70% of the property value
- Installment planning
The scheme is offered to permanent residents of Cyprus only. If you are not a permanent resident of Cyprus for the last 5 years, call in at any of our Bank of Cyprus branche to find out about your options.
- Up to 70% of the plot value if the plot is in a residential zone, and provided you plan to build your home in the next two years.
- Up to 70% of the plot value if the plot is not in a residential zone, for an amount up to €300.000, and provided you plan to build your home in the next two years.
- Up to 50% of the plot value if the plot is not in a residential zone, and the amount exceeds €300.000.
- Up to 50% of the plot value if the plot is purchased for investment purposes.
Interest rate selection
- Fixed interest rate for 3 or 5 years. After the end of the fixed interest period, the interest rate changes to variable.
- Variable rate for the entire duration of the loan.
For the variable interest rate, you can select the Bank’s base rate for housing loans or Euribor 6m rate.
Find out more on our current interest rates here.
Maximum repayment period
Minimum repayment period
- 15 years if you select a fixed interest rate
- 10 years if you select a variable interest rate
Maximum age of borrower at loan maturity
The installment amount and frequency of payment can be tailored according to your financial capabilities.