![]() Terms and conditions apply and are available on request. Applications are subject to the Bank’s lending criteria. ![]() APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. In the event of non-observance of the terms and conditions, including non-adherence to the loan repayments, the bank may take steps to sell the property financed, following legal proceedings, and you may lose the property.Īpproved and issued by APS Bank plc, APS Centre, Tower Street, B’Kara BKR 4012. The loan is to be secured by a first ranking general and special hypothec and special privilege over the property being financed in Malta, a first ranking pledge over a life assurance policy covering the whole loan amount and a buildings insurance policy for the replacement cost of the property being end-financed. Life and property insurance are obligatory in order to obtain the loan. The credit agreement is to remain valid for the period agreed between the Bank and the consumer, and both parties must agree to fulfil their obligations under the term and dates specified by the credit agreement.In the eventuality that the loan is either fully repaid or reduced by an amount of 30% or more within the first 3 years, refunded/waived bank fees will become due.The consumer has the right to pay the loan in full or in part before the agreed termination.Bank legal fees (0.325% of the loan amount + VAT) will be waived for first-time and second-time home buyers.Kindly take note of the general conditions laid out below: The facility is fully utilised within the first 3 months of being sanctioned.The consumer lending bank base rate, which is currently 2.25%, remains unchanged throughout the period of the loan.The APRC calculation is based on the following assumptions: ![]() Kindly take note of the following assumptions made with regards to the above calculation: ![]() Once the contract has been signed, this amount will then be partially refunded (the bank will only retain €100 as a processing fee). This sum constitutes of:Ī processing fee equal to 0.25% of the loan amount minimum €100 will be collected at the time of issuing the sanction letter. The total sum payable throughout the term of the loan will be €374,797.60. Upfront costs are the costs youll need to pay before moving into your new home, including your down payment, closing costs, and other fees. Each monthly instalment would equal €780.62. The loan would be repayable through 480 equal monthly instalments, i.e. Typical example of a Home Loan hereinafter the loan, based on an amount of €200,000 at a variable interest rate of 3.5% per annum, the Annual Percentage Rate Charge (APRC) would equal 3.56% per annum. Use our calculator to estimate your monthly mortgage payment amount based on a home’s sale price, mortgage term, down payment and the interest rate info you enter. ![]()
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