Your first home

Step into your own home and repay the loan at your own pace.


Up to 35 years

Loan amount

Up to 80% of the property value


  • Grace period
  • Installment postponement
  • Installment planning

Apply through 1bank

Online financing, quickly, through Internet Banking and Mobile App

The scheme is offered to permanent residents of Cyprus only



Financing amount

Up to 80% of the value of the property.

Interest rate option

  • Fixed interest rate for 3, 5 or 10 years. After the end of the fixed interest period, the interest rate changes to variable.
  • Variable rate for the entire duration of the loan.

There are no initial bank fees

Find out more on our current interest rates here.

Withdrawal rights

Within 5 business days of the date of conclusion of the agreement

Maximum repayment period

35 years

Maximum age of borrower at loan maturity

65 years

Minimum repayment period

  • 10 years (for a variable interest rate loan or a 5 or 10 years fixed interest rate loan)
  • 15 years (for a 3 year fixed interest rate loan)


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. 


Grace period:

  • Up to 12 months on capital.
  • Up to 12 months on capital or capital and interest, if the property is under construction.

Installment   postponement

In case of unforeseen events, you can postpone the payment of up to 2 monthly installments per year (24 installments during the life of your loan).

Installment   planning

If you choose a variable rate, you can specify the amount and frequency of installments according to your financial capabilities. 


Installment Calculator Use our calculator to get an indication on the installment, interest and total cost for your first home. Calculate here
Need more information?
  • 800.00.800
  • Calling from abroad +357 22128000
  • Service hours
  • Monday to Friday, 07:45 until 18:00
  • Saturday and Sunday 09:00 - 17:00
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