Relax Student loan

Loans from kindergarten to university 

  • Fixed low interest rate

    The loan is offered with a low fixed interest rate for 3 years, depending on your collateral. After the three years the loan is converted to a variable interest rage for the remaining duration.

  • Grace period

    Grace period of up to four years on capital payment (you pay only interest).

  • Reward for top grade students

    Students who achieve a top grade at the end of the academic year are rewarded with a 0.25%  discount on the interest rate for a year.

  • Lower interest rate if you apply via 1bank

    If you are a subscriber open an account through 1bank and enjoy a 0.25% discount on the  interest rate.

More information

  • Parents wishing to cover the costs for educating their child, from kindergarten all the way to the university.

    Working students wishing to finance their studies on their own.

    • Tuition fees (kindergartens, private primary and secondary schools, colleges, universities)
    • Books, uniforms, project preparation and research costs
    • Transportation
    • Living expenses (rent, home equipment, monthly expenses and pocket money).
  • Maximum loan amount €90,000 per child. The loan amount is determined by the tuition payment plan, other expenses and the amount of instalment you wish to pay.

  • Loan repayment period cannot exceed 20 years. The loan repayment also depends on the tuition payment plan, other expenses and the amount of instalment you wish to pay.

  • There are no initial bank charges.

  • Students achieving a top grade at the end of the academic year are rewarded a 0.25% discount on the interest rate for a year. If a student finishes his/her studies with a final top grade, the discounted interest rate applies to the remaining duration of the loan. The discount is offered only upon presentation of the necessary certificates.

  • You have the right to withdraw from the agreement:

    • Within 5 business days from the date of its conclusion, when the facility is secured with a mortgage on a house
    • Within 14 calendar days from the date of its conclusion when the facility is secured with personal guarantees.
  • Find out more on our current interest rates here.

Warning:

The Bank reserves the right to reject any application at its sole discretion and withdraw any plan at any time. If you do not make regular installment payments according to your loan repayment schedule, you may lose your house. There are charges for early loan repayment. In case of variable interest rates, the installment amount and total cost of the facility may increase or decrease depending on variations in the base rate.

Apply now

800.00.800

+35722128000 from abroad
Monday to Friday, 07:45 - 18:00 Saturday and Sunday 9:00 - 17:00

Find your nearest Branch

Or use one of our ATMs for your everyday transactions

Your personal Banker

can get in touch with you to discuss everything you need to know about our products

Bank of Cyprus uses cookies on this website aiming to improve your online experience. To accept cookies continue browsing as normal.