Showing Cyprus because that’s where you are.
Cyprus 💰 EUR Last updated2026-05-28 Mortgage Calculator
Cyprus
Known locally as στεγαστικό δάνειο (stegastiko daneio)
A €280,000 stegastiko daneio at 4.25% over a 25-year term works out to a monthly payment of about 1.517 €, with total interest of 175.060 € over the full term.
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Local context Mortgages in Cyprus
Market overview
Cyprus's mortgage market is dominated by Bank of Cyprus, Hellenic Bank, Eurobank Cyprus, Alpha Bank Cyprus, and AstroBank, with the post-2013-bailout consolidation leaving a much smaller field of lenders than pre-crisis. The Central Bank of Cyprus operates within the ECB framework; after ECB cuts brought deposit rates to roughly 2.0-2.25% by early 2026, mortgage pricing has eased from the 4.5-5.5% range of 2023-2024. Following the 2013 banking crisis and bail-in, lenders maintain conservative underwriting and stricter NPL provisioning under ECB SSM supervision. The market has also been reshaped by the wind-down of the Cyprus Investment Programme (CIP / "golden passport") in 2020 and tighter AML scrutiny on Russian/CIS-linked buyers.
Why 4.25% is the typical rate
4.25% reflects a 25-year mortgage from Bank of Cyprus or Hellenic Bank to a salaried Cypriot borrower at 80% LTV in early 2026, with Cyprus banks still pricing 50-100 bps above larger Eurozone peers due to a higher cost of risk.
Tax & regulatory notes
Cyprus charges transfer fees on a sliding scale: 3% up to €85,000, 5% from €85,000-170,000, and 8% above €170,000, with a 50% reduction available on most transactions until further notice. VAT of 19% applies to new-build properties, reduced to 5% on the first 130 m² of a primary residence for qualifying buyers. There is no annual immovable property tax (abolished 2017). The Cyprus Land Development Corporation (KOAG) and Housing Finance Corporation offer subsidised mortgages to lower-income and young buyers, and foreigners (including non-EU) may buy a primary residence subject to Council of Ministers permission, typically routine.
Local banks Cyprus mortgage rates by bank
The main στεγαστικό δάνειο (stegastiko daneio) lenders in Cyprus, with indicative 2026 rates and typical loan-to-value caps. Rates vary by borrower profile, residency and property type — use the calculator above with each bank's quoted rate to compare your real monthly payment.
Bank of Cyprus
The island's largest lender by far. A standard 25-year euro mortgage to a salaried Cypriot prices around 4.0–4.5% at up to 80% LTV in early 2026, after ECB cuts eased pricing from the 2023–24 peak.
Hellenic Bank
The second-largest bank, materially bigger in retail mortgages since absorbing the Co-operative Central Bank loan book. Pricing is broadly level with Bank of Cyprus for prime salaried borrowers.
Eurobank Cyprus & Alpha Bank Cyprus
Greek-parent banks that lean toward higher-income, professional and non-resident clients. Competitive on larger tickets and euro-income foreign buyers, though with tighter underwriting on CIS-source funds.
Housing Finance Corporation & KOAG
State-linked bodies offering subsidised mortgages to young couples and lower-income buyers under government housing schemes, at terms below commercial bank pricing.
Indicative rates compiled from public bank disclosures and central-bank data for 2026; not a quote or an offer of credit. Confirm current terms directly with the lender.
A €280,000 stegastiko daneio at 4.25% over a 25-year term
280.000 € 4.25% 25 years (300 months) 1.517 € 175.060 € 455.060 € 
