Purchase of land
Do you wish to buy your own plot and build your home?
InterestFixed or Variable
DurationUp to 35 years
Loan amountUp to 70% of the property value
- 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 plot value if the plot is in a residential zone, and provided you plan to build your home in the next two years.
- Up to 50% of the plot value if the plot is not in a residential zone.
- Up to 50% of the plot value if you are buying the plot for investment purposes.
Interest rate selection
- Fixed interest rate for 3 years. After the end of the fixed interest period, the interest rate changes to variable.
- Variable rate for the entire duration of the loan.
Within 5 business days of the date of conclusion of the agreement
Find out more on our current interest rates here.
Maximum repayment period
Minimum repayment period
- 15 years if you select a fixed interest rate
- 10 years if you select a variable interest rate
Maximum age of borrower at loan maturity
The Bank reserves the right to reject any application at its sole discretion and withdraw any plan at any time. If you do not make regular installment payments according to your loan repayment schedule, you may lose your house. There are charges for early loan repayment. In case of variable interest rates, the installment amount and total cost of the facility may increase or decrease depending on variations in the base rate.
The installment amount and frequency of payment can be tailored according to your financial capabilities.
- Calling from abroad +357 22128000
- Service hours
- Monday to Friday, 07:45 until 20:00
- Saturday 09:00 - 17:00