Hellenic Bank has launched a new mortgage plan aimed at making homeownership more accessible for first-time buyers. In its announcement, the bank introduced the “First-Time Homeowners” scheme, which offers reduced interest rates, providing significant assistance to individuals purchasing their first property.
This new initiative falls under Hellenic Bank’s “My Home” program, which features a reduced interest rate for the first three to five years of the mortgage, helping to ease the financial burden on new homeowners.
“We are dedicated to supporting our clients by enhancing the advantages of our ‘My Home’ ecosystem, which is a unique rewards program offering actual monetary returns to those choosing Hellenic Bank home loans,” the bank explained. As part of the program, buyers can also receive up to €2,000 in cash rewards to use at partner retailers for home furnishings and equipment, transforming the buying process by offering tangible financial benefits instead of points.
The mortgage plan comes with a fixed interest rate for the first three or five years and includes additional perks such as cash rewards for home furnishings from select retailers. It also offers more favorable terms for energy-efficient homes, allowing buyers to save both on energy costs and their mortgage.
Furthermore, Hellenic Bank provides a credit card with no extra paperwork or annual fees for the first year, along with access to its “Mple” card rewards program, which offers cashback on purchases.
Source: Cyprus Mail