Ancoria Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Our verdict

Ancoria Bank suits residents of the Republic of Cyprus who hold Cypriot citizenship and want a personal loan at an APR of 5.25% or a first residence loan from the same bank. The trade-off is fees and variable pricing on the personal loan.

Key facts

Best for
Cypriot residents wanting a personal loan and a home loan from the same lender.
APR
5.25% (Source, checked September 26, 2026)
Loan amount
up to €100,000 (Source, checked September 26, 2026)
Term
6 to 180 months (Source, checked September 26, 2026)
Arrangement fee
1% of facility amount, minimum EUR 50, plus documentation fee EUR 50 (up to EUR 30,000) or EUR 80 (above EUR 30,000) (Source, checked September 26, 2026)
Representative example
Personal Loan: EUR 100,000 over 15 years, 4.813% pricing, 5.250% APR, initial charges EUR 1,080, monthly instalment EUR 781, total amount payable EUR 140,641 (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
Natural person aged 17 and older, resident of the Republic of Cyprus with Cypriot citizenship (Source, checked September 26, 2026)
Origination fee (%)
1% (Source, checked September 26, 2026)
Loan types
Personal, Student, Car, Secured (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Ancoria Bank Ltd (Source, checked September 26, 2026)
Headquarters
Cyprus (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Phone, Email (Source, checked September 26, 2026)
Official website
ancoriabank.com

Mortgages

Initial rate
3.913% (Source, checked September 26, 2026)
APRC
3.98% (Source, checked September 26, 2026)
Fixed period
2 to 5 years (Source, checked September 26, 2026)
Maximum loan to value
80% (Source, checked September 26, 2026)
Product fee
€0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Ancoria Bank Ltd (Source, checked September 26, 2026)
Headquarters
Cyprus (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Phone, Email (Source, checked September 26, 2026)

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedIn

Pros and cons

Pros

  • The personal loan APR of 5.25% sits well under the site median of 12%.
  • The first residence loan carries a product fee of €0 and an initial rate of 3.913%.
  • It lends in its own name rather than brokering, and offers personal, student and car loans.
  • Borrowing runs to up to €100,000 over a term of 6 to 180 months.

Cons

  • Free early repayment: no, so clearing a balance early can carry a cost.
  • Pricing on the personal loan is a variable rate, variable, so payments can move during the term.
  • Support runs on phone and email only.
Ancoria Bank

Ready to try Ancoria Bank?

Scored 8.8 / 10 by BorrowCue.

See alternatives

Who it suits

  • Adults resident in the Republic of Cyprus who hold Cypriot citizenship, which is the stated eligibility.
  • Borrowers who want a large personal loan and a home loan handled by the same lender.
  • People who prefer a bank that sets its own rate rather than a broker.

Who should look elsewhere

  • Applicants living outside the Republic of Cyprus, since eligibility runs to residents with Cypriot citizenship.
  • Borrowers wanting a fixed rate on a personal loan, since pricing here is variable and Monzo Flex runs 10% to 23%.
  • Borrowers comparing only on headline rate, where Cashspace ES is listed at 0%.

How it compares on our data

On our data Ancoria Bank sits at position 30 of 685 brands on loan amount, and at position 76 of 350 on APR. Neither ranking puts it at the cheap end of the list. Compare both figures directly with the lenders around it.

The company behind it

The lending entity is Ancoria Bank Ltd, headquartered in Cyprus, founded in 2016. It is a bank rather than a broker or a marketplace, so the rate on the table is the one it sets. Support runs on phone and email, which covers the usual account questions.

How Ancoria Bank compares

Where Ancoria Bank is available

Available
Cyprus
Licence in Cyprus
Central Bank of Cyprus, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a personal loan from Ancoria Bank cost?+

The personal loan is priced at an APR of 5.25% with an origination fee of 1% on the facility. The arrangement fee adds a documentation charge that depends on the size of the facility. The representative example shows initial charges, the monthly instalment and the total repayable.

Is the lender regulated and who supervises it?+

The lending entity, Ancoria Bank Ltd, is recorded under the Central Bank of Cyprus as the regulator for Cyprus. The licence sits with the bank that issues the personal, student and car loans. What it covers for money held on the account is set out in the bank's own terms.

How much can I borrow and over what term?+

The personal loan facility runs to up to €100,000 with terms of 6 to 180 months. The same desk offers personal, student and car loans, and home improvement is the use case it is promoted for. Borrowing beyond that range becomes a housing question.

Who can apply for an account?+

Eligibility runs to a natural person who is a resident of the Republic of Cyprus and holds Cypriot citizenship, with a minimum age requirement. That suits applicants already living in the market, since Ancoria Bank Ltd is based in Cyprus and lends locally. Residents of other countries fall outside the criteria.

Can the rate on the personal loan change?+

The personal loan is priced at a variable rate, listed as variable, with an APR of 5.25%. Variable pricing means the figure can move with the market, so the instalment is not set for the whole 6 to 180 month term. The home loan behaves differently, holding a fixed period.

Can I repay the personal loan early without a charge?+

Free early repayment is no, so clearing the balance ahead of the agreed schedule can carry a cost. Many lenders on the site do allow it. Settling sooner than the 6 to 180 month term allows for is worth asking about in writing before signing.

What does the first residence loan involve?+

The first residence loan has a product fee of €0 and an initial rate of 3.913%, with an APRC of 3.98%. It holds for 2 to 5 years and goes up to 80% loan to value. It is written for purchase, remortgage and first time buyers.

Sources

  • ancoriabank.com checked September 26, 2026

    Backs: Support channels, Use cases

    “CALL US 8000 0050 / Int'l +357 22 849000 ... EMAIL US info@ancoriabank.com ... BANKING CENTRES Nicosia / Limassol / Larnaca”

  • ancoriabank.com/about-us checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Licences

    “Ancoria Bank opened for business in 2016”

  • ancoriabank.com/personal-banking/housing-loans/first-resi... checked September 26, 2026

    Backs: APRC, Fixed period, Initial rate, Maximum loan to value, Product fee, Purpose

    “APR 3.980% - APR is calculated based on the representative example shown below ... loan amount of EUR 100,000, loan term of 35 years”

  • ancoriabank.com/personal-banking/myancoria checked September 26, 2026

    Backs: Eligibility

    “In order to be eligible to open an account, you must be a natural person, aged 17 and older, and a resident of the Republic of Cyprus with Cypriot citizenship”

  • ancoriabank.com/personal-banking/personal-loans checked September 26, 2026

    Backs: Loan types

    “Personal Loan ... Student Loan ... Full Cash Collateral Loan ... New Car Loan ... Used Car Loan”

  • ancoriabank.com/personal-banking/personal-loans/personal-... checked September 26, 2026

    Backs: Loan amount, APR, Free early repayment, Lender type, Arrangement fee, Origination fee (%), Rate type, Representative example, Term

    “LOAN AMOUNT Up to EUR 100,000; You can apply for up to EUR 100,000”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Credit check, Funding time.

Ancoria Bank

Ancoria Bank

Cypriot residents wanting a personal loan and a home loan from the same lender.

8.8/10See alternatives

Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie policy
Cookie settings