Purchase of land
Do you wish to buy your own plot and build your home?
InterestFixed or Variable
DurationUp to 20 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 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.
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 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 and Sunday 09:00 - 17:00