Cyprus villas and property for sale - Paphos Town Pricelist

Competitive Repayment Scheme up to 80% LTV ( Loan to Value)

We are currently launching a brand new Payment Scheme that will make the acquisition of property from our company much easier and even more affordable. The new Payment Scheme provides financing for the acquisition of a property in this Complex of up to 80% of the property value, targeting homebuyers and investors, both locals and foreigners. Details for this new Payment Scheme can be found below.

Maximum Term 30 years or the until the customer?s 70th birthday.
Unlimited amount in Euro, Sterling Pound, US Dollar, Swiss Frank, Japan Yen or multicurrency loan with 7 day notice before each following installment.
5 years interest only or
2 years interest and capital grace period.
No interest capitalization.
Variable interest Rate
Very Low Charges for the loan documentation.
No Bank Guarantee Letter required for the loan.
Minimum requirements for loan approval as follows:

1. Life insurance (term) for the borrower, up to the full repayment of the loan.

2. Assignment of the sale-purchase contract to the bank.

3. Mortgage of the property as soon the separate title deed is available and transferred on the name of the borrower (in about 8 years from now) for the remaining loan amount.

Important Note:

The Bank will evaluate/survey and finally approve each case independently and according to the data of the particular client and his repayment capability.