Government Subsidy Program
The aim of the government program is to support households in taking out loans for their primary residence, in the form of interest rate subsidy.
The program covers new housing loans for which loan agreements have been signed from 01/03/2020 onwards (incl.) and will be approved by the Bank by 31/12/2020.
- • Maximum loan amount has been set at €300.000
- • The interest will be subsidised by the Government up to 1,50%
- • Maximum duration of the interest subsidy is four years.
Clients of the Bank that have already obtained a housing loan and satisfy the provisions of the government subsidy program, may contact their Responsible Relationship Officer to express their interest.
Eligible individuals need to submit an electronic confirmation to the Treasury of the Republic of Cyprus regarding the settlement of their tax debts and liabilities, as described in the relevant announcement by the Tax Department.