Personal > Loans > Consumer Loans > Vacation Loan

Purpose: To cover vacation expenses.
Maximum Loan Amount : €3.000
Maximum Repayment Period: Twelve (12) months
Applies to : Permanent residents of Cyprus aged 18-65 years old.
Currency: Euro
Interest: 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 Euribor 6M + 8,84% 13,86% €262,13 €3.211,58
With Tangible Securities Euribor 6M + 6,84% 11,61% €259,36 €3.178,31
With cash collateral 1,25% above the deposit interest rate of the blocked deposit N/A N/A N/A
  • Euribor 6M: The Bank sets a minimum percentage of 0% for Euribor 6 months
  • The APRC has been calculated for a vacation loan of €3.000, repayment period of 12months 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


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.


  • 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