Most commercial banks in Cyprus are authorised to offer housing loan facilities (mortgages) to assist potential buyers in the purchase of a property. ARISTO Developers, taking advantage of its strong business relationships with the majority of local banks in Cyprus and also in an attempt to reduce client financial costs and speed up the application process, has negotiated special finance schemes which are offered to all ARISTO customers.
For a housing loan in Euros, the maximum repayment period can be up to 25 years. In both cases, the age of the Applicant plus the term of the mortgage cannot exceed the age of 70. The maximum amount borrowed can be up to 70% of the value of the property to be purchased. The mortgage is to be repaid by monthly or quarterly instalments.