You will want to change everything! Renovate your primary residence or holiday home.




Up to 15 years

Loan amount

Up to 80% of the property value


  • Grace Period
  • Installment postponement

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. 



Loan amount

  • Renovation of primary residence: Up to 80% of the value of the property
  • Renovation of holiday home: Up to 70% of the value of the property. 

Interest Rate Option

Variable rate for the entire duration of the loan based on:

  • The Bank’s base rate for housing loans (BHBR)
  • Euribor 6m

The scheme is not charged with initial bank fees and charges for first valuation

Find out more on our current interest rates here.

Maximum repayment period

  • 15 years (for changes to the building structure)
  • 10 years (for all other cases)

Minimum repayment period

5 years

Maximum age of borrower at loan maturity

65 years 

To renovate your home, you have to submit all the necessary architectural drawings and certificates.


Grace period

You have the option of paying a low installment during the first year, equal to the interest payable for that period.

Installment  postponement

In case of unforeseen events, you can postpone the payment of up to 2 monthly installments per year (24 installments during the life of your loan).

“Green” Housing Loan

For those of you who are eco-conscious and show it in practice!

If your house or apartment has a Class A building energy performance certification, we will deposit 0,50% of the loan amount (maximum €500) to your credit card account upon full withdrawal of the loan. 

Class A and Class B building energy performance certifications are the best energy categories. In practice, this means lower fuel and electricity costs and fewer carbon dioxide emissions in the atmosphere.

Contact us
  • 800.00.800
  • Calling from abroad +357 22128000
  • Working hours Monday-Friday 07:45 - 20:00, Saturday and Sunday 08:30 - 20:00