Services
Assistance in raising credit
Purchasing on credit terms offers a unique opportunity to acquire property in Cyprus now and to repay this over several years. Any foreigner residing in Cyprus on lawful business is entitled to raise a long-term bank credit for the purpose of purchasing a home, villa or apartment in Cyprus.
Viriko Developers has long been successfully cooperating with various banks within Cyprus and offering assistance to its clients in raising a credit account for the purchase of property. Our partner lawyers will aid in collecting the necessary documents to raise a long-term credit for purchasing a flat, home or villa in Cyprus.
Normally, all Cyprus banks have the same terms of credit for purchasing of property, which is that a credit is obtained for an amount not exceeding 70% of the value of the property, as specified within the purchase-and-sale contract. Repayment may be negotiated in terms of up to 25 years. Credit is usually obtained in such currencies as Euros, US Dollars or British Pounds Sterling. Once you’ve submitted all the documents necessary to raise a loan, you will be required to pay up to 1% of the total loan value as a registration fee as well as 35-300 Euros for drawing up the documents.
To receive more detailed information about “Assistance in raising credit”, please phone directly Margaret Kotua, Viriko Developers Director, on +357 25319001, mobile +357 99687845. Office address: Office 73, Galatex Center, 73 Georgiou, Potamos Yermasoyias. Postal code: 4047. Limassol, Cyprus. Alternatively you can fill out the contact form and we will get back to as soon as possible.
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