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Eurobank Simplifies The Mortgage Journey With New MyHome Guide

Buying a home is one of the most consequential financial decisions a person can make. For prospective homeowners, clarity, speed and confidence are as important as access to funding itself. Eurobank is aiming to deliver all three with the launch of its new MyHome Guide, a five-step framework designed to streamline the mortgage application process from initial calculation to loan completion.

A More Structured Path To Home Ownership

The MyHome Guide brings together digital tools and human support to create a more integrated home-buying experience. Rather than leaving applicants to navigate the mortgage process alone, Eurobank has built a step-by-step approach that helps customers understand their options, prepare the necessary documentation and move forward with greater certainty.

The first stage focuses on financing planning. Prospective borrowers can assess how much they may be able to borrow, estimate their own contribution and calculate indicative monthly instalments. The guide also helps them factor in the one-off and recurring costs that come with owning a home, offering a more realistic picture of affordability from the outset.

Matching Financing To Individual Needs

Once the budget is defined, the next step is to review available mortgage options based on each customer’s plans and priorities. Eurobank offers financing for primary residences, holiday homes, energy-efficient properties and investment properties, with borrowers able to choose between fixed and variable interest rate structures depending on the product.

This flexibility matters. In a market where household finances are under pressure and long-term borrowing decisions carry significant consequences, the ability to tailor the mortgage structure to the buyer’s profile can be a meaningful advantage.

Guidance Through The Application Process

After selecting the right solution, applicants move to the submission stage. The guide supports customers in assembling the required documentation and progressing with their application in an organised way.

Eurobank is also offering support through multiple channels. Interested customers can meet with a specialised Mortgage Loan Adviser either in person or online via the bank’s Book a Meeting service. Existing Eurobank customers can also apply through the Eurobank Cyprus app and receive an initial response within 24 hours.

Following the assessment, customers receive the pre-contractual documents and are given time to review the terms before completing the final steps. Once the required procedures are finished and the documents are signed, the loan is activated.

Support Beyond The Mortgage

Eurobank’s support does not end at disbursement. The bank also offers financing for household equipment, renovation and energy upgrades, which can be arranged alongside the mortgage or at a later stage. That gives new homeowners the ability to make their property more comfortable, efficient and functional after the purchase is complete.

The broader financing package adds another layer of flexibility. Borrowers can choose between variable-rate products and fixed-rate options for the first three, five or 10 years. For eligible customers taking out new mortgages for a primary residence, additional benefits may apply, including a capital repayment grace period of up to 12 months for homes under construction and rewards of up to €2,000 through the My Home Rewards programme.

Combining Technology With Human Expertise

With MyHome Guide, Eurobank is positioning itself as more than just a lender. The initiative reflects a broader shift in financial services: customers increasingly expect digital convenience, but they also want access to expert advice at critical decision points. By combining technology, professional guidance and a clearly structured process, Eurobank is seeking to make the path to home ownership more transparent and manageable.

More information is available through Eurobank’s MyHome Guide.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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