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Cyprus
Flag of Cyprus
Currency:
All Major
Minimum Loan:
$35,000.00
Maximum Term:
10 Years
LTV:
70%
Loan Type

Repayment mortgage. Non-Status loans are currently not available.

Property Type

Greek Cypriot residential property.

Loan Use

House purchases and home improvements.

Loan Amount

Minimum $35,000. No Maximum. Note: Loan amount must not exceed the lower of: 70% of the property valuation or the total property purchase price.

Currency

All Major Currencies, including Sterling, Euros, and US Dollars.

Current Interest Rate

Starting at 2.00% variable in LIBOR.

Term

10 years (to age 70).

Payment Estimates

For an $89,000 repayment mortgage with a 10-year term at a variable interest rate of 6.00%= payments of approximately $1,002.30 per month (including capital & interest). The total approximate amount payable over the term = $124,000. including capital, interest, arrangement, and survey fees.

Eligibility

Proof of Income is required in all cases. Income can include Earned Income, Pension Benefits, Investment Income, or Rental Income. Note: The Lender may not consider ALL forms of income when determining the maximum loan available.

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