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HOUSING LOANS FOR YOUNG PEOPLE
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If you are a young, permanent resident of Cyprus, aged between 18 and 35, with a dream of buying your own house, Marfin Laiki Bank offers you the opportunity to make your dream come true. The ideal house or apartment can now be yours. Along with your housing loan, Marfin Laiki Bank offers you a current account*, a credit card* with a pre-approved limit of up to EUR3.500 insurance coverage against fire / earthquake and life insurance.
Housing Loans details
You can now own your ideal house or apartment. With:
- An unlimited loan amount
- A loan in Euro with a variable interest rate
- Possibility of paying a low initial instalment which increases gradually or ability to suspend capital and / or interest payments for up to the first years of the loan
- Loan repayment of up to 40 years
- Low initial contribution*
- Favourable interest rate
* Subject to the Bank’s instructions and relevant instructions issued by the European Central Bank from time to time.
Extra Facilities
- Overdraft facility charging interest based on Marfin Laiki Bank Base Rate + 4,50% and a limit up to 20% of the real estate’s forced sale value, with a maximum amount of EUR30.000 or 6 times the applicant’s monthly income. If you choose an e-checking account the standard limits for this account will be applicable.
- Classic/ Gold or e-Card Classic/ Gold with a limit of up to EUR3.500 and free subscription for the first year
Requirements
- Granting an overdraft limit for a current account and card limit requires the automatic deposit of your salary in the bank
- To be eligible for the above conditions and facilities all products of this package must be purchased
- You must become an e-Bank subscriber
*Granting a limit for a current account and card requires the automatic deposit of your salary in the Bank.
WARNING:
Your immovable property is at risk if you do not keep up payments on your housing loan or on any other loan secured by a mortgage on your immovable property.
The Bank may vary the interest rate and the instalment of the loan from time to time.
The granting of the loan is subject to adequate securities in favour of the Marfin Laiki Bank.
The Marfin Popular Bank Co Limited, as well as any of its subsidiaries, dependant and / or associated companies, reserves the right to reject any customer application at its absolute discretion, where the terms and conditions set are not met.
The Bank reserves the right to modify the minimum criteria / characteristics of the products.
For more information and / or for detailed breakdown of the existing interest rates please contact:
 Laiki Telebank on 8000 2000 (free of charge) or +357 22 88 77 if calling from abroad
 Marfin Laiki Bank branches
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