Bank of Cyprus review

The arrangement fee is 0 EUR, and Bank of Cyprus is a direct lender offering personal loans rather than brokering them on. Nothing sits between you and the bank, so the fee quoted here is the fee on the application.

Free early repayment is no, so settling the balance before the agreed end carries a charge. Borrowers who expect a windfall should weigh that against the hard credit check the application involves, since both shape the true cost of the loan.

The check is hard, which is the most common approach on BorrowCue: 72.7% of the personal loans listed work this way, against 20.4% for a soft prequalification. A hard check counts, so apply once the odds look good.

Eligibility is Natural persons, permanent residents of Cyprus, which narrows the field to Cyprus residents rather than anyone in the wider market. Anyone living outside Cyprus should look at a lender that accepts applicants from other countries before spending time on an application.

Support runs on phone, so the phone is the route for questions about documents or the contract. That is worth using before signing, because funding follows the contract documents rather than the application date.

The arrangement fee is 0 EUR and the credit check is hard. Against that, the median APR across the personal loans listed on BorrowCue is 12%, so any quote is easier to judge next to that figure.

The lending covered here is personal only, so borrowers after a car loan, a credit line or a debt consolidation deal should check whether a different lender covers that purpose before they start an application.