Property loans (in various currencies) can be obtained for the following purposes:
- Purchase of a house for permanent living
- Land for Housing Purposes
- Renovation / Restoration / additions to property
- Holiday Homes
- Professional Property (offices / shops)

The loans are usually guaranteed by:
- Mortgage on property.
- Insurance on property
- Life insurance on the client – not always required
- Personal guarantees

Insurance on the property can be based on the reducing balance of loan balance so that the premium is reduced as the loan is paid.

The loan period is up to 10 years. But it could be prolonged from 10 years to 20 years.

The interest rate is based on the basic rate of interest, which is set by the Central Bank of Cyprus.

The loan can be based on a fixed rate for a certain number of years (usually 2-4 years) or on a floating rate which changes every time the Cyprus Central Bank changes the rate downwards or upwards.

The loan can be free from instalments (payment of the interest only) for a period of two years (in some cases for up to 4 years).