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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.
Please note that all information was to the best of our knowledge, correct at the time of going to print. Should any changes in rules or regulations be altered we cannot be held responsible. It would be in your interest to consult a legal adviser.
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