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Are you dreaming of a peaceful and comfortable life in a house under the sun and near the sea? Or are you looking to buy your first house or apartment anywhere in Cyprus? We can help you! ...With us and our associates (some of the most reputable banks in Greece and Cyprus), your dream of acquiring a home in Cyprus can become true. Our associated banks offer you flexible housing loans in foreign or local currency, specially made to suit your needs.

The exact requirements to obtain a home loan will depend on the particular bank and the final answer will come from the specific bank. We offer some general information below to give you an idea.

We work with some of the best banks on the island. Please use the following links to contact the banks directly and mention that you were referred by ForSale.com.cy

1. Bank of Cyprus

Website, Loan Specific Info, Contacts Page

2. Laiki Bank

Website, Loan Specific Info, Contacts Page

3. Alpha Bank

Website, Loan Specific Info, Contacts Page
 

The following information are general guidelines, they are NOT written on stone and you might be able to negotiate better (or worse) terms depending on your financial capabilities, your relationship with the bank and the specific bank.
 

Who can benefit

  • Foreign Nationals

  • Locals

  • People of Cypriot origin living abroad.

  • International Business Companies and their personnel.

  • Any Cypriots who wish to borrow money in foreign currency to purchase immovable property in Cyprus.

Loan Features:
 

  • Quick and Personal Service

  • 10-25 years for repayment

  • Grace period (up to 2 years)

  • Loans from CY10.000 to Unlimited


More Details
:

Whatever your need, our associate Banks offers many exclusive mortgage loans designed to meet your housing and property needs and ensure your long-term peace of mind:

First home

Holiday home & land purchase

Business premises and for investment purposes

Mortgage loans in foreign currency

Loans in Cyprus Pounds:

Maximum Loan Coverage

Long Repayment Duration

Capital Repayment Grace Period

 

 

Loan Amount

Unlimited, from 70 to 80% of the purchase price (or value, if lower). Depending on the case some banks might be willing to loan more.
Minimum amount: CYP 10,000
Cyprus residents buying a house abroad, the maximum loan amount is the equivalent of CYP 200,000.
 

Repayment

Minimum10 years.
Maximum 25 years, or until the customers 70th birthday, if earlier
Payable in monthly installments
 

Capital Repayment
Grace Period

Up to 2 years (optional), during which time interest repayment is required monthly

 

Customer prepayment, before the release of the loan, might be required

 

Loans in Foreign Currency:

 

 

Maximum Loan Coverage

Long Repayment Duration

Capital Repayment Grace Period

 

Loan Amount

Unlimited, from 70 to 80% of the purchase price (or value, if lower). Depending on the case some banks might be willing to loan more.
Minimum amount: CYP 10,000
Cyprus residents buying a house abroad, the maximum loan amount is the equivalent of CYP 200,000.
 

Repayment

Maximum 10 years or until the customers 70th birthday, if earlier
Payable in monthly installments
 

Capital Repayment
Grace Period

Up to 6 months (optional), during which time interest repayment is required monthly

 

Customer prepayment, before the release of the loan, might be required

 

Loan Guarantees (apply to all Housing Loan Schemes):

 

1st Mortgage on any property owned by the customer in Cyprus, or a Bank Guarantee Note, for the total loan amount plus interest, that guarantees title issue and settlement of the property to the buyer, simultaneously with the assignment of the transaction document.

2 guarantors, of which one is the husband/wife of the customer, where applicable.

Assignment of rights for life insurance (Term), including total permanent disability, for the loan amount.

Assignment of rights for fire, earthquake and other hazard insurance of the mortgaged property, where applicable.


Loan Advancement for all Housing Loan Schemes: Lump sum or in installments, based on the payment plan provided for in the sale document and after delivery of the executed project by the civil engineer.

 

If you are interested in a bank loan please contact us, mentioning the details of your requirements, and we will get in touch with you.


 

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