Your holiday home
Now you can have your own holiday home
InterestFixed or Variable
DurationUp to 20 years
Loan amountUp to 80% of the property value
- Grace Period
- Installment postponement
- 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 value of the property.
Interest Rate Selection
- 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.
Find out more on our current interest rates here.
Within 5 business days of the date of conclusion of the agreement
Maximum repayment period
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)
Maximum age of borrower at loan maturity
If your home is under construction:
- You have the option of not paying any installments until your home is completed (maximum 2 years).
- You can pay only the interest for the first 2 years of the loan.
If your home has been completed:
- You can pay a low installment for the first 2 years, equal to the interest charges payable for that period.
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).
If you select a variable rate, you can specify the amount and frequency of installments according to your financial capabilities.
- Calling from abroad +357 22128000
- Service hours
- Monday to Friday, 07:45 until 20:00
- Saturday and Sunday 09:00 - 17:00