BANK FINANCE 

The banks in Malta aim to provide a Home Loan service that is tailor-made for each customer.  Before the banks will recommend a specific Home Loan package, they will make an in-depth assessment to ensure the loan you take today suits your circumstances.
In general, you can borrow up to 90% of the value or purchase price of the property, whichever is the lower, subject to the repayment on your home loan, not exceeding 30% of your disposable monthly income.  The term of loan may be extended or reduced on request, subject to satisfactory life assurance arrangements, normal credit assessments and age limit. The maximum term of a loan is 40 years, up to the age of 65/70 years.

As security for the loan, the property being financed is to be charged in favour of the Bank and the applicant is required to affect both life and property insurance.

More information on the loans offered by the various banks can be obtained by clicking on the relevant links below.  Should you need any assistance or guidance, please call personally or phone any Sara Grech branch, and we will be more than happy to assist you.

How much to borrow?

 You can calculate how much you can borrow by calculating

• 4 times the yearly salary if single person applying for loan
• 3 times higher salary and 1 times the second in case where there are 2 people applying
• You can borrow up to 90% of value or purchase price of a property, whichever is the lower – repayments not to exceed 30% of disposable monthly income.
• Term of loan up to 40 years, up to 65/70 years of age