Loan scheme to fund 10% deposit for first time buyers under 40

Tista' taqra bil- Malti.

The government has launched a new loan scheme aimed at first time buyers under 40 who cannot afford to pay the 10% deposit to purchase their first property.

The scheme is being offered in collaboration with APS Bank and BOV.

Social Accommodation Minister Roderick Galdes said that the government could not ignore that some individuals spent years studying and did not have the opportunity to save enough money to do the down payment on the 10% deposit.

The scheme will be available to those aged 21 to 39, with the maximum property value allowed under the scheme capped at €175,000. The government will also be covering the interest charged on the loan by the banks.

The loans will have to be paid back over 25 years, but the government is offering incentives to those who repay their dues earlier.

A 5% discount will be given to those who repay the loan within five years, while those who repay it within five to 10 years will receive a 2% discount.

The loans will be made available under conditions related to income and age brackets:

CategoryApplicant’s AgeGross Income
Single Person 21 – 30 years€19,000 – €25,000
Single Person 31 – 39 years€25,000 – €35,000
Couple 21 – 39 years€19,000 – €35,000

Applicants cannot have capital assets exceeding €17,500.

Applications will open on Monday and may be downloaded from

For more details one may contact the Housing Authority on or call 22 991 120 or 7964 6064.