Bank of Cyprus: Mortgage interest rate subsidy for mountainous areas
Bank of Cyprus will subsidize the interest rate of these loans by 1% for the first three years.
The Bank of Cyprus, following the recent Government announcement (July 2024) on the Housing Revitalization Plan for Mountainous, Remote and Disadvantaged Areas, announces the offer of another important incentive to our fellow citizens.
Specifically, according to a relevant announcement, within the framework of its social policy, the Bank of Cyprus will subsidize the interest rate of these loans by 1% for the first three years.
After the subsidy, the interest rate will amount to 2.60%.
This initiative is a practical demonstration of the Bank's commitment to the development of mountainous areas and the strengthening of local communities.
Applicants of the government plan, who will use bank loans to finance the acquisition of a home, can benefit from this additional interest rate subsidy, so that they can implement their plans at a lower financial cost.
Source: stockwatch.com.cy
Photo: stockwatch.com.cy
11 December 2024
