Meeting personal needs with lower interest rate and longer term
INTEREST: Variable 4,00%
TERM: up to 10 years
LOAN AMOUNT: up to €80.000
Total interest is calculated on the basis of 6M Euribor (minimum Euribor rate 0%) or PRIME Rate.
PRIME Rate: 3.9838% (valid from 28 of May 2019).
TOTAL INTEREST RATE
up to 10 years
up to €80.000
up to 10 years
Individuals who are permanently residents and working in Cyprus
Adults older than 18 years upon the loan disbursement and younger than 70 years upon the loan repayment
1st Mortgage in favor of the bank for the loan amount
For amounts >€30,000 assignment of term life insurance with minimum coverage against permanent total disability and death. Ethniki insurance offers low premiums through fast and easy procedures.
Equal monthly amortization instalments; the first instalment shall be due a month after the loan disbursement
Early or partial repayment is allowed at any time, at no additional charges.
For quick evaluation of your application when visiting the branch please bring with you the following documents.
Utility Bill (CYTA, EAC etc )
Original copies of payslips of the last two (2) months.
Original copy of the salary account statement of the last three (3) months.
Supporting documentation for any other type of income, such as from alimony, interest rates, real estate or welfare benefits (if deemed necessary for the verification of the sufficient credit standing)
Sole proprietors/ Freelancers:
Copy of the income tax return of the last two (2) years, or
Income certificate issued by the applicant’s accountant (if any), or
Copy of the statement of social insurance payments of the last two (2) years
Copy of the statement form submitted after the date of the last annual balance sheet, if registered in the VAT registry.
Supporting documentation for any other type of income, such as from alimony, interest rates, real estate or welfare benefits, if deemed necessary for the verification of the sufficient credit standing
Purpose of Credit Documentation
Invoice or receipt provided the purpose of credit includes the purchase of products or provision of services are solely of non-business nature
TERMS AND CONDITIONS APPLY
For more information and full terms and conditions, you can contact any branch of the National Bank of Greece (Cyprus) Ltd.
Our interest rates depend on your financial data and the amount of your loan and may differ from the above representative rates.
The Bank reserves the right to reject any application at its sole discretion and withdraw any plan at any time.
The interest rate and the installment of the personal loan may be modified by the creditor from time to time.
Loans secured by mortgage are only available where the applicant provides the National Bank of Greece (Cyprus) Ltd with asset-based collateral which in its view is satisfactory. You run the risk of losing your real estate if you do not normally pay the installments of the personal loan backed with mortgage on your immovable property