Instalment payment plans and loans.

Interest-free installment plans for up to 7 years without income statements and guarantors!

Loans from local banks for up to 10 years.

Interest-free installments when purchasing real estate in Northern Cyprus

Interest-free installments are an option you can use:

  • when buying under construction property
  • when buying ready-to-move-in property

With installments, we offer:

  • a customized payment plan
  • Interest-free installments are always available during the construction period of the property
  • In some cases, depending on the project and developer's terms, interest-free installments may also be provided for part of the property value after handover of the property.

With this system, there is no need to provide income statements or guarantor guarantees.

Terms and payment plans are different and depend on developers and real estate projects.

  • The average duration of interest-free installments after project completion is from 1 (one) year to 7 (seven) years.
  • Installments require a down payment of 30% to 70%.

Loan for property purchase up to 10 years!

In Northern Cyprus, foreign citizens have the opportunity to obtain loans from local banks.

All banks consider each case individually and offer buyer-friendly loan terms and repayment options.

  • The loan repayment term averages from 2 to 10 years.
  • The loan requires a down payment of 30-50%.
  • The annual interest rate varies depending on the bank and the documents submitted.
  • The property serves as collateral for the loan (individual Title Deed is mandatory).
  • In some banks, a guarantor is required to obtain a loan.

Attention! Buyers of properties purchased on credit or in installments have the right to use the property even before the full settlement of the debt:

  • You can live there
  • You can rent it out
  • You can also obtain a residence permit in Northern Cyprus

However! Ownership will only transfer to you after the full payment for the property.

Important! New buildings in Northern Cyprus are delivered "turnkey":

  • Complete interior finishing.
  • All necessary sanitary ware is installed (including bathroom furniture).
  • Built-in furniture (sometimes including kitchen appliances).