Personal > Loans > Credit Facilities Based on Salaries

Purpose: Personal needs.
  Current Account with Overdraft Limit:
Up to 4 times of gross monthly salary with maximum amount of €30.000
Maximum Loan Amount : Credit Card:
Up to 2 times of gross monthly salary with maximum amount of €10.000
Applies to : Government and Semi-Government employees, permanent residents of Cyprus aged 18-65 years old.
Currency: Euro
Interest Rate: Interest rate for the entire period, as per table below:
Product Interest Rate Annual Percentage Rate of  Charge (APRC) Estimated Monthly Instalment Total Payment Amount
Overdraft Limit BBR + 2,50% 14,26% N/A N/A
Credit Card 12,50% (fixed rate) 15,77% N/A N/A
  • BBR = Bank Base Rate equals to 4,34%.

The APRC has been calculated for an Overdraft Limit of an amount of €5.000 on the basis of 3 months settlement period and includes annual statement fees €8, annual ledger fees €24, arrangements fees €25, documentation fees €25 and stamps duty.

Fees for overdraft limit:

Arrangement fees: 0,50% on the overdraft amount

Documentation fees: €50

Fees for Credit Card:

Annual subscription fees based on the Credit Card type


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

  • Personal guarantees (In case the facility is granted jointly as a couple, no guarantees are needed).
  • In case of non-personal guarantees, the assignment of Life Insurance of the debtor is compulsory.


  • 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 may be amended at any time by the Bank, provided that there is a change of the base interest rate linked with the facility.

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