ASKANIS GROUP collaborates with most Cyprus banks and can offer you support and assist you in your application process.

One of our leading banks, Bank of Cyprus can offer you many flexible Mortgage Loans that know how to serve your needs.

Bank of Cyprus Mortgage loans are characterised by:

• Fast approval and disbursal procedures
• Flexibility and reliability
• Simple procedures
• Competitive rates
• Preferential terms and conditions

The Bank of Cyprus housing solutions provide you with lending facilities to:

• build a house
• purchase a house, flat or country house
• purchase a plot of land
• renovate, or restore your house

All banks will help you tailor your loan

• to your financial ability.
• according to how much you can afford,
• according to how you can repay it

Interest rates can vary by the:

• down payment
• purpose of the loan
• currency

Repayment period

A loan can have a repayment period of up to 40 years. For all cases it is important that the customer will repay the loan before his or her 70th birthday.

Loan Amount

Mortgage loans can be up to 60%-80% of the property with no maximum loan amount

Installments

Installments can vary according to customer's needs. You can choose to pay:

• Monthly, quarterly
• Only a certain period of the year (i.e 10 months of the year)
• Smaller installments at the beginning of the loan and a bigger one later
• There is the option of suspending a monthly installment, twice a year, up to 24 times during the lifetime of the loan

THE BANK OF CYPRUS NOW OFFERS THE FOLLOWING

EURO

• A fixed interest rate for 2,3, 5 or 10 years and with a variable interest rate for the remaining period
• Variable  interest Rate for the whole period

FIXED RATE HOUSING LOAN OF 3.5% FOR 3 YEARS

Other Currencies

• Variable interest rate for the whole period
• More details available at any Bank of Cyprus Branch

Grace Period

Grace period is applicable if down payment is >30% and can be in the following form:

• 2 years on capital and accrued interest
• 2 years to the capital and accrued interest repayment plan another 3 years to the capital

 For more information please visit Bank of Cyprus website