For the Investors buying or the residents coming to live in Cyprus and will need a loan we offer to different banks that we can approach and discuss a loan.

Marfin Laiki Bank presents the following package

· Α loan up to the equivalent of 750.000 Euro (In exceptional circumstances we may consider applications for greater amount)
· Loan facilities in foreign currency are repayable over a period of 15 years (with a right for renewal for a further 15-year period) by monthly, quarterly, semi-annual instalments (subject to the Banks approval) whereas loan facilities in local currency (Euro) are repayable over a period of 40 years, (subject to the Bank's approval). Maximum age of borrower on maturity of the loan is 70 years.
· The interest rate to apply for loans in foreign currency will be Libor + margin and the customer can borrow in a number of currencies, (e.g. GBP, CHF, USD) subject to the Bank's final approval. For loans in Euro, the interest rate to apply may be floating or fixed, subject to the Bank´s final approval.
· Option for the customer's contribution* to be paid prior to or in parallel with the release of the loan

* Subject to the Bank's instructions and relevant instructions issued by the Cyprus Central Bank from time to time.

· First Legal mortgage on the immovable property to be purchased or assignment of the sale contract (which should be deposited at the Cyprus Land Registry) supported by a bank guarantee from the seller's Bankers.
· Personal guarantees.
· Assignment of a term life policy.
· Assignment of a Fire/Earthquake Insurance Policy.

Requests for financing which do not fall within the above parameters can also be examined on a case-by-case basis.

Other associated costs:

· Mortgage fees regarding the mortgage to be registered in favour of the Bank, payable to the Land Registry Office· Stamp Duty 0, 15% on amounts up to EUR170.860, 14 and 0,2% on amounts over EUR170.860, 14.

WARNING:Your immovable property is at risk if you do not adhere to your repayment schedule on a mortgage or on any other loan secured by a mortgage on your immovable property.

Additionally and in order to enable the proper credit assessment of each application, the following must be provided by each applicant:

· Photocopy of the applicant´s and guarantor´s passports (the page which contains the photograph and personal information of the holder)
· The applicant´s and the quarantor´s full residential address (copy of recent utility bill)
· Proof of income (recent salary slips / Social Insurance certificate / Tax certificate / any income certificates i.e. rental agreement), for both the applicant and the guarantor.
· Bank reference from the applicant´s existing Bankers (and consent to proceed with a credit search where applicable)
· Details of the property to be purchased (Property title deed or the sales Contract deposited with the Cyprus Land Registry, architect´s certificate in relation to the building cost)
· Planning permission / Building permission.
· Copy of down payments made by the buyer towards the purchase of the property
· Permission to acquire immovable provperty in Cyprus.
· Statement of assets and liabilities (this form will be provided by the Bank) duly signed by the applicant and the guarantor (documents to support any obligations, property, deposits / statement of account held with any other Bank.

The interest rate and the instalment of the housing loan may be varied from time to time by the Bank.

The granting of the loan is subject to adequate securities offered in favour of Marfin Laiki Bank.