Business Banking

Business Loan

Give your business the push it needs to get off to a flying start, fund your business growth, or support your cashflow needs with our wide selection of Ancoria Bank Business Loans in a range of flexible options to suit your particular requirements.


Up to €50,000

For larger amounts please contact one of our Banking Centres



Applicable for amounts up to €50,000. View interest rates



APR is calculated based on the representative example shown below


1 – 10 years

Interest rate subsidy scheme for new business loans:


Ancoria Bank is participating in the Interest Rate Subsidy Scheme for new loans to self-employed and businesses and is ready to accept loan applications with an interest rate subsidy, according to the Terms of the Scheme. Read about the Scheme as announced by the Ministry of Finance here (Ελληνικά)

Flexibility options:


You can choose to repay your loan earlier than your agreed repayment schedule, partially or fully

*In case of early loan repayments, there is the possibility of a prepayment fee. See the relevant formula in our Commissions and Charges table

What securities are requested for a business loan?

First mortgage on immovable property
Lien on a fixed deposit
Fire and earthquake insurance over the mortgaged property
Any other security or guarantee as required by the Bank

Additional information:


Initial charges:

  • A processing fee of 1% of the amount of the facility, with a minimum fee of €150, will be charged at the opening of the facility
  • Documentation fees of €100 are applicable to all facilities (Micro, SMEs, Corporate)
  • For more information about our charges, you can view our Commissions and Charges table

You can view all rates here

Representative example:

At Ancoria Bank we want to make sure you have all the information you need at all times. We’ve provided a representative example, that you can use as a guide.
















* APR (Annual Percentage Rate) has been calculated on 09/03/2020 and is based on the following:

  • Interest Rate: Euribor 6m as at 09/03/2020 was -0.427% but as per the Bank’s pricing policy Euribor interest rates are floored to 0.00%, so calculations have been made based on Euribor 6m at 0.00% + margin 4.42%
  • Initial charges: Processing fees of 1% charged on facility amount (€300) and documentation fees of €100
  • Loan amount of €30,000
  • Loan term of 10 years

Disclaimer: Ancoria Bank Ltd reserves the right to decline an application/business relationship for legal, regulatory or any other reason and withdraw any plan, at any time.
Warning: If you fail to meet your loan repayment plan secured by mortgage, your home/property may be repossessed.
Warning: There are charges for early loan repayment (Find out more at the links: Commissions and charges & Prepayment penalty for fixed rate loans).
Warning: In case of variable interest rates, the installment amount and total cost of the facility may increase or decrease depending on variations in the base rate.

Get Started

Submit your details for an appointment either via video call or via phone, and we’ll be delighted to help get you started.

Make an appointment

What you need to have

Required documentation:


  • Passport or National Identity card
  • Original recent utility bill (less than 6 months old) / OR statement of EEA bank / OR local authority tax bill / OR house insurance


  • Copy of a valid ID / Passport certified as a true copy by a state authority
  • If you are temporarily residing in Cyprus and are a non-EU national, please supply a copy of your Temporary Residence Permit
Banking made simple

myAncoria is an award-winning, handy app that lets you access your accounts anytime, anywhere. Track your business expenses and transfer money between accounts in seconds. Stay on top of your financials no matter where you are. All with myAncoria. Access myAncoria from your PC, tablet, or mobile app.

If you have any questions, or simply need some help to get started

Call us on 8000 0050 or +357 22849000