Hire purchase for car & equipment

Commercial car, new machinery or other equipment for your business

The financing may be granted for:

  • new and used cars
  • business vehicles
  • heavy goods vehicles (HGVs)
  • buses and coaches
  • printing machines
  • construction equipment,
  • office equipment and medical equipment.

Type of financing

HIRE-PURCHASE AGREEMENT:

Hire purchase is a contract under which the hire purchaser hires an item from the Bank of Cyprus for a specific period and at a particular rent (instalment), with a right to buy such item if the provisions of the contract are observed.

Interest rate

There is an option for fixed of variable interest rate

Find out more on our current interest rates for car hire purchase here. For the pricing of Hire Purchase for equipment contact any of our branches.

Advantages

  • The down-payment and the repayment schedule can vary depending on your financial capabilities.
  • Maximum repayment for used cars is 5 years, and for new cars 7 years.

Other facilities

  • Flexible payments plan (for companies with a seasonal income).
  • Applications may also be submitted to the seller’s shop
Need more information?
  • 800.00.800
  • Calling from abroad +357 22128000
  • Service hours
  • Monday to Friday, 07:45 until 20:00
  • Saturday and Sunday 09:00 - 17:00
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