Government extends interest rate subsidy scheme
The Government decided to postpone the deadline for the interest rate subsidy scheme it introduced back on the beginning of the pandemic in March 2020. The subsidy is of interest is up to 1.5% for the first four years of the loan for a first residence up to €400,000.
For companies and self-employed people the subsidy will be up to 2% for the first two years, and drop to 2% for the third and fourth year for small and medium size companies and up to 1.5% for large enterprises.
Author: Property Canvas
ETEK Property Valuers, Registered and Licensed Real Estate AgencyProperty Canvas is a leading real estate agency in Cyprus, specializing in property sales, investment, and valuation. Our team comprises licensed estate agents and certified property valuers with extensive experience in the Cypriot market, providing expert guidance to buyers, sellers, and investors. Our Team has authored the “Government extends interest rate subsidy scheme”.
