Your holiday home

Now you can have your own holiday home


Fixed or Variable


Up to 20 years

Loan amount

Up to 80% of the property value


  • Grace Period
  • Installment postponement
  • 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.



Financing amount

Up to 70% of the value of the property. 

Interest Rate Selection

  • Fixed interest rate for 3, 5 or 10 years. After the end of the fixed interest period, the interest rate changes to variable.
  • Variable rate for the entire duration of the loan.

Find out more on our current interest rates here.

Withdrawal rights

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

Maximum repayment period

20 years                        

Minimum repayment period

  • 10 years (for a variable interest rate loan or a 5 or 10 years fixed interest rate loan)
  • 15 years (for a 3 year fixed interest rate loan)

Maximum age of borrower at loan maturity

65 years


Grace period 


If your home is under construction:

  • You have the option of not paying any installments until your home is completed (maximum 2 years).
  • You can pay only the interest for the first 2 years of the loan.

If your home has been completed:

  • You can pay a low installment for the first 2 years, equal to the interest charges 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).

Installment  planning

If you select a variable rate, you can specify the amount and frequency of installments 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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