Business Banking
Business Mortgage
Flexibility options:
Up to two years Grace Period on capital (this means you only need to pay the interest during this period)
You can combine fixed and floating interest rates. The fixed interest rate applies for the first 2 or 3 years of your loan. At the end of this period, the interest rate will switch to floating. For more details, please contact us
Choose between an immediate or gradual disbursement of the amount financed, depending on the progress of works
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?
Life insurance policy on the key person of the company
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
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 link: Commissions and charges).
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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What you will need
Required Documents:
CYPRUS RESIDENTS
- Passport or Identity Card
- Recent utility bill (not older than 6 months) OR bank statement from an EEA (European Economic Area) bank OR tax bill from a local authority OR home insurance policy
NON-RESIDENTS OF CYPRUS
- Copy of a valid ID / Passport certified as a true copy by a government authority
- For temporary residents of Cyprus who are non-EU citizens, please provide a copy of your Temporary Residence Permit
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
