|me> home equity loan

Let your home
lend a hand!

Unlocking the equity in your home could open up opportunities.

What is Home Equity?

Home equity is the value of the property that you actually own. In simpler words, your home equity is the difference between the market value of your home and what you owe.

 

Your equity can increase in two ways:
– As you pay down your home loan, the amount of equity in your property will increase.

– Your equity will also get a boost if the market value of your property rises.

How Does a Home Equity Loan Work?

Why with MeDirect?

If you would like further information about the MeDirect Home Equity Loan please contact us by clicking on the ‘Request more information’ button.

A representative from our Home Loan team will contact you to discuss further.

Important Information

Frequently Asked Questions

How will I know if I am eligible for a MeDirect Home Loan?

If you are looking to either purchase your primary or secondary residential property or else refinance your existing home loan facility, we would be able to assess if we can offer you our home loan product.

You would need to be over 18 years of age, have an income and enough savings to cover at least 10% of the property cost for your primary residence or at least 15% if you are looking to buy your secondary residence.

We will  guide and help you finance all the costs in relation to the acquisition, construction and finishing your property.

How much is the maximum amount I can borrow?

When assessing your borrowing capacity, we will look at your overall financial situation. This mainly includes:
  • Your current income
  • Your financial commitments
Our Eligibility Calculator will help you get a better understanding of the maximum amount you will be able to borrow.

How much would my initial deposit need to be?


This will be defined depending on which type of residence you are looking to purchase.

 

Maximum Loan Amount of the
Total Project Cost

Initial Contribution 
of the
Total Project Cost

Acquisition of Primary Residence

Up to 90%*

10%

Acquisition of Second Property

Up to 75%*

25%


* Terms & Conditions apply.

More FAQs

Have any questions you would like to ask our home loans team?

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We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.