Bank of Cyprus: innovative tool helps you calculate your instalment

Bank of Cyprus has recently created the new Funding Amount Calculator, a tool that helps its clients make informed financial decisions regarding new borrowing.

This is yet another action that is part of the Bank’s ongoing commitment to strengthen and promote financial literacy.

The calculator, which is available on the Bank of Cyprus website, is an easy-to-use platform for calculating the maximum amount of financing that each customer can receive according to their financial data.

As a result, users can quickly assess their ability to meet new financial obligations, such as for a housing loan, personal loan, or car rental.

In particular, they receive information in relation to the maximum amount of finance they can borrow based on the percentage of their own contribution, the maximum value of the property or vehicle they can purchase, and the maximum monthly payment they can make.

Furthermore, the operation of the calculator is linked to the Bank of Cyprus’ broader financial literacy initiatives, which include seminars, training for specific groups of the population, and personalised advisory services.

These activities are part of the effort to help customers better understand financial concepts, manage their money properly, and prepare for the future.

“As Bank of Cyprus, we believe that financial literacy is the foundation for economic stability and prosperity,” said Maria Artemiou, Manager Consumer Banking Transformation at Bank of Cyprus.

“The Finance Amount Calculator is further proof of our commitment to provide our customers with the tools and knowledge they need to make sound financial decisions,” Artemiou concluded.