FINANCIAL INFORMATION

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 70% of the property with no maximum loan amount (80% applies only for the first residence of Cypriot residents)

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