The housing loan schemes are available for houses and apartments for residence purposes, offices and even financing of office equipment in any currency, US$, Sterling Pounds, DM or ECU, according to the needs and preferences of the customer.

Loan conditions vary slightly from bank to bank.

Conditions of Bank of Cyprus - Housing Loan:
This housing loan scheme is intended to cover up to 75% of the purchase price with a maximum amount equivalent to CYP 50.000 but can be increased to CYP 100.000 if the housing loan amounts for 50% of the purchasing price.
The maximum repayment period is about 10 years in monthly instalments commencing one month after drawdown.
The pricing is 2,25% above the Bank of Cyprus base rate, plus an arrangement fee of 1% on the loan amount paid once in advance.