Bank of Cyprus announced that in support of the economy and households, it is participating in the government’s interest rate subsidy plan for new housing loans, which was approved by the Council of Ministers on May 27, 2020, and accepting applications from beneficiaries with immediate effect.
Specifically, according to the terms of the plan, as announced by the Ministry of Finance, new housing loans up to €300.000 approved and for loans that were accepted in the period March 01, 2020 - December 31, 2020, for the purpose of up to 1.5% for the period of four years.
Customers of the Bank, who have already received a loan and potential beneficiaries of a state subsidy, based on the conditions of the plan, are invited to complete and submit a statement of interest as well as to submit a certificate from the Tax Department of their tax regulation - to the Republic of Cyprus, in accordance with the condition set by the Ministry of Finance.
As part of the effort to restart the economy, Bank of Cyprus offers a special housing loan called “Housing Restart”, which is harmonized with the provisions of the plan in order to simplify subsidy procedures.
For additional information, you can contact the Bank’s branch, call at 800 00 800, or find at the website: www.bankofcyprus.com.cy