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Ancoria Bank review

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

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Our verdict

Ancoria Bank suits Cypriot residents who want a bank for both borrowing and saving, and its personal loan APR of 5.25% sits far below the 15.5% site median. Support runs on phone and email only, and the savings side is an easy-access account with instant withdrawals.

Key facts

Best for
Cypriot residents after a 5.25% personal loan and an easy-access savings account with no monthly fee.
APR
5.25%↗
Loan amount
up to €100,000↗
Term
6 to 180 months↗
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)↗
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↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
No↗
Eligibility
Natural person aged 17 and older, resident of the Republic of Cyprus with Cypriot citizenship↗
Origination fee (%)
1%↗
Loan types
Personal, Student, Car, Secured↗
Use cases
Home-improvement↗
Legal entity
Ancoria Bank Ltd↗
Headquarters
Cyprus↗
Founded
2016↗
Support channels
Phone, Email↗
Pricing model
No monthly fee
Official website
ancoriabank.com

Savings

Headline rate
0.05%↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Instant access; withdraw by transfer to your Current Account or at a Banking Centre in Nicosia, Limassol or Larnaca↗
Monthly fee
€0↗
Account kind
Easy access↗

Mortgages

Initial rate
3.913%↗
APRC
3.98%↗
Fixed period
2 to 5 years↗
Maximum loan to value
80%↗
Product fee
€0↗
Purpose
Purchase, Remortgage, First-time-buyer↗

Debit cards

Card type
Debit↗
Card network
Visa↗
Audience
Business, Students

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedIn

Pros and cons

Pros

  • A personal loan APR of 5.25% and borrowing capped at up to €100,000 over terms of 6 to 180.
  • Savings with a monthly fee of €0, a minimum deposit of €0 and instant access by transfer or over the counter.
  • Deposits are covered by EU DGS up to EUR 100,000, and the bank is licensed by the Central Bank of Cyprus.
  • First residence loans: 3.913% initial rate, 3.98% APRC, fixed for 2 to 5, maximum loan to value 80%.

Cons

  • Free early repayment is no, so settling the balance before the end of the term can carry a charge.
  • Arrangement fees of 1% of the facility amount, plus a documentation fee, sit on top of the 5.25% APR.
  • Cash left in the savings account earns a headline rate of 0.05%, so it is more about access than yield.
Ancoria Bank

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Scored 8.8 / 10 by SumCue.

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Who it suits

  • Adults living in the Republic of Cyprus who want loans and savings from one bank.
  • Borrowers who put weight on the rate, since the personal loan runs at 5.25% where the site median is 15.5%.
  • People wanting a visa debit card aimed at business and student customers alongside their loan.

Who should look elsewhere

  • Borrowers who want to settle a loan early without a charge, since free early repayment is no here.
  • Applicants who need a fixed price, since the personal loan rate is variable and can move.
  • Anyone wanting a loan in another currency, with Cashspace pricing its PHP 12 to PHP 36 APR elsewhere.

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 rate does an Ancoria Bank personal loan charge?+

The personal loan charges 5.25% APR and the rate is variable, so the price can move with the market instead of staying fixed. The site median APR is 15.5%, which puts this lender well below the middle of the field. The costs to watch sit on top of that rate.

How much can I borrow and over what term?+

Personal loans cap at up to €100,000 and terms run 6 to 180. The bank is listed as a direct lender and covers personal, student and car lending, which is wider than a single purpose loan. You need to live in the Republic of Cyprus to apply.

What does it cost to arrange a personal loan?+

Arrangement fees are 1% of the facility amount, subject to a minimum, and a documentation fee is added on top, higher on larger facilities. Set against a 5.25% APR, that setup cost is the part to weigh. A first residence loan, by contrast, carries no product fee.

Can I repay a personal loan early?+

Free early repayment is no, so clearing the balance before the end of the agreed term can carry a charge. With a variable rate and terms of 6 to 180, it is worth planning around the full repayment schedule.

Is my money protected?+

Deposits are covered by EU DGS up to EUR 100,000, the EU deposit guarantee scheme, and the bank is licensed by the Central Bank of Cyprus. Savings balances sit inside that protection, and the easy-access account pays a headline rate of 0.05% on top.

What does the savings account cost?+

The savings account has a monthly fee of €0 and a minimum deposit of €0, and it is listed as a no monthly fee easy access account. Withdrawals are instant by transfer to your current account or over the counter at banking centres in Nicosia, Limassol and Larnaca.

Who can open an account with Ancoria Bank?+

Applicants must be adults who live in the Republic of Cyprus and hold Cypriot citizenship, and the account is held with Ancoria Bank Ltd, founded in 2016. Counter service runs from banking centres in Nicosia, Limassol and Larnaca, which suits anyone banking on the island.

What is on offer for a first home?+

The first residence loan has an initial rate of 3.913% and an APRC of 3.98%, held for 2 to 5, with a maximum loan to value of 80% and no product fee. It covers purchase, remortgage and first time buyer lending such as buying a first home or remortgaging.

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: Deposit protection, Founded, Headquarters, Legal entity, Licences

    “Ancoria Bank opened for business in 2016”

  • ancoriabank.com/debit-cards checked September 26, 2026

    Backs: Audience, Card type, Card network

    “myFirst Debit Card: For a more Relaxed Student Life / Business Debit Card”

  • 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”

  • ancoriabank.com/personal-banking/savings-accounts/general... checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee

    “You can withdraw money by transferring the amount to your Current Account or by visiting one of our Banking Centres in Nicosia, Limassol or Larnaca.”

Compiled from 8 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 after a 5.25% personal loan and an easy-access savings account with no monthly fee.

8.8/10See alternatives