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Explore and compare mortgage rates with our up to date rate listings and easy to use mortgage calculator. Find the perfect bank that suits your needs with ease and confidence.

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Bank of Cyprus
4.81 to 6.60%

Key features include:

Loan Amount: Up to 80% of the property value.

Loan Duration: Up to 40 years.

Interest Rates: Variable rates linked to the ECB base rate.

Grace Period: Available for up to 2 years for properties under construction.

Repayment Options: Monthly instalments with the option to make early repayments without penalties.

First home loan

Bank of Cyprus Public Company, offers housing loans with variable interest rate based on the European Central Bank Base Rate (ECB Base Rate) and the Bank of Cyprus Base Rate (BCBR).

Bank of Cyprus Base Rate is currently and indicatively from 3.40% to 3.80% and the total interest rate based on the BCBR is currently and indicatively from 4.66% to 5.06%.  

European Central Bank Base Rate is currently 4.50%  and the total interest rate based on the ECB Base Rate is currently and indicatively from 5.80% to 6.20%.

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Hellenic Bank
5,29 to 6,64%

Key features include:

Loan Amount: Up to 80% of the property value.

Loan Duration: Up to 30 years, or until the borrower reaches the age of 65, whichever comes first.

Interest Rates: Variable rates linked to the Bank’s Main Base Rate (HBMBR) or a fixed rate for the first 3, 5, or 10 years.

Grace Period: Available for up to 24 months for properties under construction.

Repayment Options: Monthly installments with the option to make early repayments without penalties.

Home loan

Hellenic Bank’s Main Base Rate is currently set to 2.09%. The margin is currently and indicatively from 3.15% to 4.50% and the total interest rate is currently and indicatively from 5.24% to 6.59%.

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Alpha Bank
5.45 to 5.65%

Key features include:

Loan Amount: Up to 80% of the property's purchase value for the first main residence, up to 70% for the second.

Loan Duration: Up to 40 years, including the grace period.

Interest Rates: Combination of fixed rate for the first 3 years and then a floating rate, or a fully floating rate based on the Housing Loan Base Rate (HLBR) plus margin.

Grace Period: Available for up to 2 years.

Repayment Options: Monthly installments with early repayment options.

Alpha Residence

Alpha Bank offers their Housing Loan Base Rate which is the Euribor (4.50%) + 2.00% (Margin).

Their margin is currently -0.15 to -0.35 depending on the contribution bringing the total interest rate from 5.45% to 5.65%.

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Eurobank
4.74 to 5.61%

Key features include:

Loan Amount: Up to 80% of the property value.

Loan Duration: Up to 30 years.

Interest Rates: Variable rates linked to the 3M Euribor (minimum 0%) for the first 2 years, followed by the Bank Housing Base Rate (BHBR) with a margin depending on the contribution.

Grace Period: Up to 24 months for properties under construction.

Repayment Options: Monthly installments with the option for early repayments without penalties.

Primary Residence Loan

Eurobank offers their Housing Loan Base Rate which is the 3M Euribor (3.994%) + 0.75% (Margin) for the first 2 years and then changes to the Bank Housing Base Rate (BHBR) + 0.50% (Margin) or 0.75% (Margin) depending on the contribution for the remaining years. Their margin is currently 0.50% to 1.25% depending on the contribution, bringing the total interest rate from 4.744% to 5.617%.

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Ancoria Bank
5.49 to 5.79%

Key features include:

Loan Amount: Up to €300,000, covering up to 80% of the property value.

Loan Duration: 5 to 35 years, with the borrower’s age not exceeding 65 years at loan maturity.

Interest Rates: Starting from 4.50%, varying based on customer contribution.

Grace Period: Up to 2 years for properties under construction.

Repayment Options: Monthly installments with the ability to suspend up to two payments per year and early repayment options.

First Residence Loan

Ancoria Bank offers their Housing Loan Base Rate which is the EURIBOR 6M (3.844%) + 1.65% (Margin) for contributions >= 35%, or 1.95% (Margin) for contributions between 20% - 34%. This brings the total interest rate from 5.494% to 5.794%.


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AstroBank
5.79 to 6.10%

Key features include:

Loan Amount: Up to 80% of the property value.

Loan Duration: Up to 30 years.

Interest Rates: Variable rate based on the 3-month EURIBOR with a zero floor.

Grace Period: Available for up to 24 months for properties under construction.

Repayment Options: Monthly installments with no early repayment fees.

First House loan

AstroBank Cyprus offers housing loans with variable interest rate based on the European Central Bank Base Rate (ECB Base Rate). They use 3-Month Euribor + 1.60-1.90 as Bank's Margin.

Total interest rate is 5.79 to 6.10

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Understanding Euribor: The Euro Interbank Offered Rate

Euribor, short for Euro Interbank Offered Rate, is a critical benchmark for financial markets in the Eurozone. It represents the average interest rate at which European banks lend to each other in euros. Understanding Euribor is essential for anyone involved in finance, as it influences a wide array of financial products, from mortgages to savings accounts, and serves as a barometer for the health of the European banking system.

Financy T. 01 Jun 2024 2 min
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