Mortgages are one of the most popular ways to buy property in Cyprus. Local banks are happy to provide loans for both second homes and new homes to Cypriot citizens, as well as to residents who work or run their own businesses on the island. In this case, the property purchased is usually used as collateral. The main thing is to choose the right bank with the best conditions. Then the purchase will be a pleasure and the monthly payments will not be a burden on your pocket.
Recently, Hellenic Bank announced the launch of a new initiative aimed at supporting customers who have decided to buy a property for the first time.
The programme, called First-time Homeowners, offers reduced interest rates for the first three or five years of a mortgage, making it more accessible to the public. The new scheme is part of the bank's wider My Home ecosystem, which also includes the My Home Bonus scheme. This gives customers the opportunity to receive up to €2,000 in cash back on home furnishings and equipment purchased from participating retailers.
The initiative also aims to improve the home buying process by offering tangible financial benefits rather than bonus points. The First Time Homeowners programme offers a number of attractive benefits designed to make the process of buying a first home easier.
Firstly, beneficiaries benefit from a fixed initial interest rate for the first three or five years of their mortgage, providing financial support during the early stages of home ownership. In addition, the scheme promotes sustainability by offering favourable rates on energy-efficient homes, helping buyers to save on energy costs while encouraging environmental responsibility.
Programme members can also enjoy immediate benefits such as a credit card with no additional documentation required and no annual fee for the first year.
Another benefit, the Mple Rewards Programme, adds value by offering cash back, which is a further incentive for customers dreaming of buying a home.
With significant inflationary pressures, Hellenic Bank aims to be a key financial partner for those looking to buy a home and encourages prospective buyers to take advantage of this exclusive offer and the Mple Rewards Programme," said a representative of Hellenic Bank.
For more information, please visit the Hellenic Bank website.
