Loans for Purchase / Renovation / Extension of Business Premises to Professionals who are permanent residents of Cyprus

Visualize your future and make your professional targets a reality with us by your side!

Our loans for purchase / renovation / extension of a business property apply to professionals who are permanent residents of Cyprus for the purpose of purchasing a building to house their business, purchasing a plot and constructing business building, constructing a business building in an existing plot, extension/renovation of existing business premises of the applicant or transferring a loan from another bank.

Main characteristics:

  • A variable interest rate for the entire period.
  • The loan amount is from €75,000 to €500,000 for Purchase / Construction / Completion.
  • The loan amount is from €20,000 to €150,000 for Extension / Renovation.
  • Repayment period from 10 to 40 years with maximum age of applicant at loan maturity the 65th year of age. The loan is to be repaid in monthly installments.
  • The minimum required contribution of applicant is 40%.
  • Possibility of a grace period on capital for up to 2 years. During the grace period, the client is liable to pay only interest.

Warning
The Bank reserves the right to reject any application at its discretion and withdraw or modify any of the schemes at any given time. The approval of the Loan is subject to the Bank obtaining sufficient tangible / intangible collateral. The interest rate and loan installment may be changed by the Lender from time to time.

You run the risk of losing your real estate assets if you fail to keep up mortgage installments or installments on any other loan secured by a mortgage on your property.

To view informative leaflet please click here

For more information on the loans, interest rates and full terms and conditions you may visit any of our branches.

If you know the loan amount you need, use the Loan Calculator

 


For more information on our products, please visit a USB Bank branch