Business Banking

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Business Mortgage

Our commercial and business mortgages will help you fund your new premises or repair your existing location, start fresh with a new plot of land or repay existing commercial mortgages from other banks. Whatever your business needs, Ancoria Bank Business Mortgages have you covered.
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TERMS

For specific terms on the Ancoria Bank Business Mortgages, please contact us for assistance.

Flexibility options:

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Up to two years Grace Period on capital (this means you only need to pay the interest during this period)

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Choose between an immediate or gradual disbursement of the amount financed, depending on the progress of works

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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 or other requirements are requested for a Business Mortgage?

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First mortgage over the financed property
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Life insurance policy on the key person of the company

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Fire and earthquake insurance over the mortgaged property
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Any other security or guarantee as required by the Bank

Additional information:

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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
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For more information contact us

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 on 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.

Disclaimer: Ancoria Bank Ltd may at its choice, reject an application/business relationship for legal, regulatory or other reasons and withdraw or amend any plan, at any time.

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

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What you need to have

Required documentation:

CYPRIOT RESIDENTS

  • 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

NON-CYPRIOT RESIDENTS

  • 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

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

Call us on 8000 0050 or +357 22849000

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