Purchase of land

Do you wish to buy your own plot and build your home?

Interest

Fixed or Variable

Duration

Up to 20 years

Loan amount

Up to 70% of the property value

Benefits

  • Installment planning
Features

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. 

Currency

Euro

Financing amount

  • 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 70% of the plot value if the plot is not in a residential zone, for an amount up to €300.000, 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, and the amount exceeds €300.000.

Interest rate selection

  • Fixed interest rate for 3 or 5 years. After the end of the fixed interest period, the interest rate changes to variable.
  • Variable rate for the entire duration of the loan.

For the variable interest rate, you can select the Bank’s base rate for housing loans or Euribor 6m rate.

Find out more on our current interest rates here.                                  

Maximum repayment period

20 years

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

65 years               

Benefits

Installment  planning

The installment amount and frequency of payment can be tailored according to your financial capabilities.

Need more information?
  • 800.00.800
  • Calling from abroad +357 22128000
  • Service hours
  • Monday to Friday, 07:45 until 20:00
  • Saturday and Sunday 09:00 - 17:00
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