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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.
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Who can benefit
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Foreign Nationals
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Locals
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People of Cypriot origin living abroad.
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International Business Companies and
their personnel.
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Any Cypriots who wish to borrow money in
foreign currency to purchase immovable property in Cyprus.
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Loan Features:
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Quick and Personal Service
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10-25 years for repayment
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Grace period (up to 2 years)
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Loans from CY£10.000 to Unlimited
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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:
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First home |
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Holiday
home & land purchase |
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Business
premises and for investment purposes |
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Mortgage
loans in foreign currency |
Loans in Cyprus
Pounds:
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Maximum
Loan Coverage |
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Long
Repayment Duration |
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Capital
Repayment Grace Period
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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.
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Repayment |
Minimum10 years.
Maximum 25 years, or until the customer’s 70th birthday, if earlier
Payable in monthly installments
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Capital Repayment
Grace Period |
Up to 2 years (optional), during which
time interest repayment is required monthly |
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Customer prepayment, before the release of the loan, might be
required |
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Loans in Foreign Currency: |
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Maximum Loan Coverage |
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Long
Repayment Duration |
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Capital Repayment Grace Period
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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.
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Repayment |
Maximum 10 years or until the customer’s
70th birthday, if earlier
Payable in monthly installments
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Capital Repayment
Grace Period |
Up to 6 months (optional), during which
time interest repayment is required monthly |
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Customer prepayment, before the release
of the loan, might be required |
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Loan Guarantees (apply to all Housing
Loan Schemes): |
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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. |
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2 guarantors, of which one is the
husband/wife of the customer, where applicable. |
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Assignment of rights for life
insurance (Term), including total permanent disability, for the
loan amount. |
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Assignment of rights for fire,
earthquake and other hazard insurance of the mortgaged property,
where applicable. |
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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. |
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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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