Financial Reporter
The Bank of Cyprus, following the Government's recent announcement (July 2024) on the Housing Plan for the Revitalization of Mountainous, Critical and Disadvantaged Areas, announced the offer
another important motivation
to our fellow citizens.
Specifically, in the context of its social policy, the Bank of Cyprus
will subsidize the interest rate of the specific loans by 1%
for the first ones
three years.
After the subsidy,
the interest rate will be 2.60%
.
This initiative, as stated in a related announcement, is practical proof of the bank's commitment to the development of mountainous areas and the strengthening of local communities.
Applicants of the government plan, who will be using bank borrowing to finance their home acquisition, can benefit from this additional interest rate subsidy so that they can implement their plans at a lower financial cost.
Recording
