Government Interest Subsidy Scheme for New Housing Loans
Interest Subsidy of up to 1.5%
Purchase or construction of a primary residence
Subsidize part of the interest for 4 years
We are participating in the Interest Subsidy Scheme on New Housing Loans
The aim of the scheme is to support households in taking out loans for owner-occupied housing, in the form of interest rate subsidies, so as to enhance the economy, and consequently employment, in this difficult period following the Covid-19 pandemic.
The Scheme covers housing loans which have been approved or will be approved from 01/03/2020 to 31/12/2020 for the purpose of owner-occupied housing, and, specifically, for the purchase or construction of a primary residence (including the portion of the loan used for plot purchase). The maximum duration of the interest subsidy will be four years and the interest will be subsidized up to 1.5 percentage points (150 basis points). It is worth noting that the loan amount cannot exceed €300,000.
It is necessary to provide a certificate for the settlement or deferral of tax debts and liabilities owed to the Republic of Cyprus.
- Government Interest Subsidy Scheme
Monthly Instalment (the first 4 years)
Monthly Instalment after the first 4 years
Total Payable Amount