Bank of Cyprus QuickLoan review

The arrangement fee is 0 EUR, so nothing is charged to set the personal loan up. As a direct lender, the bank lends the money itself, which means the rate in your offer is the one you sign. Ask for the total cost of credit in writing before you sign.

Free early repayment is listed as no, so settling the balance before the schedule ends can add a charge. The loan types here are personal and the direct lender sets the terms, so ask for the settlement figure in writing if a payoff date is likely.

Eligibility is limited to Natural persons, permanent residents of Cyprus, so applicants without permanent residency are ruled out. That single market also shapes the paperwork: the hard sits with the bank itself, and the lender is a direct lender, so the decision comes from the bank rather than a partner.

Once the contract documents are signed, funds arrive at the earliest on the business day after, so speed depends on signing rather than on the application. The credit check is hard, which is the stage worth preparing for before you call.

The credit check is hard, so the bank looks at your credit file rather than running a soft pre-qualification first. Approval is a direct lender decision made by the bank, and the arrangement fee of 0 EUR means nothing is charged to set the loan up.

Support runs on phone only, so a phone call is the route for questions about a contract or a rate. Keep eligibility details handy before dialling, since the offer is limited to Natural persons, permanent residents of Cyprus and the hard will still need your file.

Cashspace lists an arrangement fee of 0, so the set-up cost is not the only thing that separates a direct bank loan from an alternative. What also differs is who lends: Bank of Cyprus QuickLoan is a direct lender with a hard credit check.