Personal > Loans > Personal Loans

Purpose: Personal needs.
Maximum Loan Amount : €30.000
Maximum Repayment Period: Five (5) years
Applies to : Permanent residents of Cyprus aged 18-65 years old.
Currency: Euro
Interest Rate: Variable Interest Rate depending on the collateral as below:
  
Collateral Interest Rate Annual Percentage Rate of Charge (APRC) Estimated Monthly Instalment Total Payment Amount
Without Tangible Securities BBR + 3,50% 8,95% €203,39 €12.313,70
With Tangible Securities BBR + 1,50% 6,89% €193,93 €11.766,98
With cash collateral 1,25% above deposit interest rate of the blocked deposit N/A N/A N/A
  • BBR = Bank Base Rate 4, 63%
  • The APRC has been calculated for a loan of €10.000, repayment period of 5years and with initial bank fees (arrangement, documentation and stamps duty).
Arrangement fees:  0,50% on the loan amount
Documentation fees:  €50
Early repayment fees:   None

Securities

Under the discretion of the Bank, depending on the loan amount and repayment period:

  • Tangible securities (blocking of funds, mortgage).
  • Assignment of Life Insurance of the debtor.
  • Personal guarantee/s.

Notes

  • The Bank reserves the right to decline any application based on its judgement and to withdraw any product at any time.
  • The granting of facilities is subject to the satisfactory assignment of collateral by the debtor.
  • The facility’s interest rate and instalment may be amended at any time by the Bank, provided that there is a change of the base interest rate linked with the facility.
  • You are at the risk of losing your immovable property, if you do not repay the loan instalments of your mortgage loan.

For more information about the product, terms & conditions, you can refer to any USB Bank Branch, or Customer Teleservice Center