Eurobank launches MyHome Guide for mortgage applicants

Nicosia, Cyprus. Eurobank has launched MyHome Guide, a five-step service designed to provide prospective homebuyers with information and guidance throughout the mortgage application process.

The guide covers financing calculations, available lending options, application requirements, loan assessment and support for home-related purchases and upgrades.

Financing plan and lending options

The first step helps prospective borrowers assess the amount they may be able to borrow and the contribution they will need to make. Eurobank’s tools provide an indicative estimate of the financing amount and monthly instalment, while taking into account one-off and recurring homeownership costs.

Customers can then review financing options based on their plans and needs. Eurobank offers loans for primary and holiday homes, as well as energy-efficient and investment properties, with fixed or variable interest-rate options depending on the product.

Application and assessment

The guide assists customers in gathering the required supporting documents and submitting their mortgage applications.

Interested customers can consult a specialised Mortgage Loan Adviser in person or online through the Book a Meeting service. Existing Eurobank customers may also apply through the Eurobank Cyprus app and receive an initial response within 24 hours.

Following an assessment, customers receive pre-contractual documents and are given time to review the terms. The loan is activated after the required procedures are completed and the documents are signed.

Support after mortgage disbursement

Eurobank said support can continue after the mortgage is disbursed through financing for household equipment, renovations or energy upgrades.

Such financing can be obtained together with the mortgage or at a later stage, according to the bank.