Cyprus Loan and Mortgage Repayment Calculator
Enter the amount, interest rate (e.g. Euribor + bank margin) and term.
Result
- Total interest
- €116,702.10
- Total cost (principal + interest + fees)
- €316,702.10
- Term with extra paymentmonths
- 300
- Months saved
- 0
- Interest saved
- €0.00
The result is an estimate for information only and is not tax, legal or financial advice.
How it is calculated
The payment uses the annuity formula: Payment = Principal × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of months. Cyprus mortgages are usually variable (6-month Euribor + margin), so the payment changes every six months.
An extra monthly payment goes entirely to principal and shortens the term and interest. Check whether the bank charges an early repayment fee (usually not on variable rates).
Worked example
| Loan amount | €200,000 |
| Annual interest rate | 4 % |
| Term | 25 years |
| Extra monthly payment (optional) | €0 |
| One-off fees (arrangement, mortgage registration) | €0 |
| Monthly payment | €1,055.67 |
| Total interest | €116,702.10 |
| Total cost (principal + interest + fees) | €316,702.10 |
| Term with extra payment | 300 |
| Months saved | 0 |
| Interest saved | €0.00 |
Frequently asked questions
What costs does a Cyprus mortgage have?
Arrangement fee (often 0.5–1%), property valuation, mortgage registration at the Land Registry (1% of the amount), life and fire insurance.
How much can I borrow?
Banks usually lend up to 80% of value (70% for a second home) and want the payment below 35–40% of net income.
Related calculators
Sources and rule validity
Rules for tax year 2026 · Last verified: 2 September 2026
Found an error in this calculator? Email us and we will fix it.