Housing loans in Cyprus
Providing housing loans to foreign citizens is an important advantage of Cyprus.
Supporting documentation required
- Passport (local RU and foreign).
- Utility bill.
- Bank reference from EU Bank or 3rd country equivalent.
- CV.
- Proof of income:
Employees:
- original payslips of last 3 months;
- proof of any other stable income (recurrent for last 6 months) (if applicable).
Self-employed:
- copy of VAT statements submitted since the last balance sheet date;
- proof of any other stable income (recurrent for last 6 months) (if applicable);
- tax declaration (for loans above €50.000);
- social insurance (for loans above €100.000);
- confirmation of income by accountant (for loans above €100.000).
Legal entities:
- copy of VAT statement submitted since the last balance sheet date;
- original of income tax clearance for the last two years available;
- audited financial accounts of last 3 financial years (for loans above €50.000);
- management / financial accounts of relevant quarter (for loans above €50.000);
- business plan with budgeted cash flows for the next 2 years (for loans above €100.000).
- Purchase Agreement Contract.
- Evidence of advance payment.
- Insurances (if already exist).
- Title Deed.
- Copy of existing Mortgage.
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Proof of good track record (statement of the existing loan for the last 3 years).