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, in order to reinforce efforts being made to support the economy, as a result of the impact of the Covid-19 pandemic.
The Scheme covers housing loans to individuals within Cyprus for which a contract was made from 01/03/2020 and will be approved by 31/12/2021 for the purpose of owner-occupied housing, and, specifically, for the primary residence’s purchase or construction, including purchasing the plot. The maximum duration of the interest subsidy will be four years and the interest rate will be subsidised up to 1.5 percentage points (150 basis points). The loan amount for which the interest rate will be subsidised cannot exceed €400,000.
The scheme does not apply for loans where the interest rate has been subsidised through other special government schemes and/or existing housing loans restructurings.
- Government Interest Subsidy Scheme
Indicative Monthly Instalment (the first 4 years):
Indicative Monthly Instalment after the first 4 years:
Indicative Total Payable Amount: