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A Guide to Bank Home Loans in Malta

A Guide to Bank Home Loans in Malta

A Guide to Bank Home Loans in Malta

Obtaining a bank loan to purchase or complete a property in Malta is a common financing option available through all major local banks. The five main banks offering home loan facilities in Malta include Bank of Valletta plc, APS Bank, BNF Bank, HSBC Bank Malta plc,  and Lombard Bank. Each bank provides various home loan packages tailored to meet individual borrowers’ needs. Comparing different loan options can help you secure the best deal and save money in the long run.

Home Loan Features and Terms

Home loan packages in Malta generally include the following terms:

  • Financing up to 70–90% of the property purchase price or finishing costs
  • Competitive interest rates, often with preferential terms for the initial years or high-value loans
  • Monthly repayments capped at approximately 25% of gross income (although calculations are somewhat more complex and depend on ones commitments)
  • Flexible loan repayment periods of up to 40 years

Required Documentation for a Home Loan

To apply for a home loan, banks typically require the following documents:

  • Recent pay slips and FS3 form
  • An architect’s or bank manager’s valuation of the property
  • A character reference (if the applicant is not an existing customer)
  • A copy of the applicant’s ID card
  • A copy of the promise of sale agreement

Additional Loan Options

In addition to standard home loans, banks in Malta also offer bridging loans and financing for secondary residences, such as summer homes. Many banks provide specialized loan packages for first-time and repeat buyers, ensuring flexible financing solutions tailored to different client needs.

Assistance in Securing a Home Loan

Through partnerships with local banks, our team can help you find the most suitable loan package, guide you through the application process, and expedite approvals. Our expertise ensures a seamless experience, from the initial consultation to securing the loan, and we remain available for ongoing support and advice throughout the process.

If you’re considering buying a property in Malta and need financing, reach out to us for expert guidance in securing the best home loan deal tailored to your needs.

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