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Home Loans

We offer a range of home loans designed to be in your best interest!

Whether you want to buy your first home, refinance your current property or acquire a second residence, we’re here to help!

Our team of qualified home loan advisers will guide you from the initial quote stage, up until becoming the owner of your dream home.

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Why with MeDirect?

1
Digital tailor-made service to suit you
2
Quick response time
3
Advantageous interest rates
4
No processing fees
5
Refund of notarial costs

Our interest rates

Favourable rates depending on the loan amount when compared to the property value
Fixed interest rate ranging between 1.65% and 1.75% for the first 3 years
Variable interest rates starting from 2.65%

Use our Home Loan Calculator to estimate your monthly loan repayment and maximum loan term. Loan value is calculated on the basis of the inputted annual gross income and age of one or two home loan applicants, together with any monthly financial commitments. You will also be able to test different loan values by adjusting the suggested loan results.

If you would like further information or wish to proceed with a loan application and a detailed quote, please contact us using the Book an Appointment button. A representative from our Lending team will contact you to schedule an appointment to discuss further.

Calculator
The suggested loan amount is calculated on the basis of a 2.85% interest rate for the full duration of the loan and on the assumption that you have no further commitments other than the ones mentioned above, upon signing of the deed.

Here you may find a representative example which provides a typical loan scenario including respective Annual Percentage Rate of Charge (APRC).

Maximum Loan Term - 40 Years
Maximum Loan Amount - 90% of Property Cost

Maximum Loan Term - 25 Years
Maximum Loan Amount - 85% of Property Cost
Book an appointment with one of our experienced home loan advisors!
We will contact you shortly.

Good to know

Minimum eligible age is 18 years.
Pensionary age is assumed to be 65 years.
Home loan product is applicable for the acquisition of property (primary or secondary residence), construction, completion, home improvements and refinancing of existing home loan.
The documentation required to obtain a quote and/or to proceed with Home Loan application can be found at the following link.
The Bank and its products are regulated by the Malta Financial Services Authority.
Have any questions
about home loans?
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

90%

10 %

Acquisition of Second Property

85%

75% (from July 2021)

15%

25%