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.

Withdrawal rights

Within 5 business days of the date of conclusion of the agreement

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