A number of business loans are offered by banks, through which they provide businesses with the opportunity to start their endeavor or to expand and grow. At the same time, banks have loan products to cover the housing needs of consumers, for a first home, holiday home, etc. Below, Forbes presents the two categories of loans.
01
Bank of Cyprus
Through the "Your first home" plan, it grants a mortgage loan of up to 80% of the value of the property with a repayment period of up to 35 years. Borrowers can choose a floating interest rate for the entire term of the loan or a fixed rate for 3, 5 or 10 years.
02
Hellenic Bank
With the "ONE Solution" plan, the bank's customers choose a unique loan solution based on the value of the main residence, for their every need. The plan is offered at a low interest rate, fixed for three years, or variable, with just one low monthly instalment. The amount of the loan is calculated based on the value of the main residence to cover housing and consumer needs.
03
ALPHA BANK
Alpha Katoikia can cover every housing need, whether it is the purchase, construction, completion or repair of a house or apartment, or the purchase of an approved plot/land for the immediate construction of a house or even the transfer of existing mortgages. The amount of the mortgage loan can cover up to 80% of the purchase value of the property for the acquisition of a first home and up to 70% for a second.