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Classic Home Loan

Whether it's for your first home or your fourth, our standard home loans are what you need

The home loan that works for just about anyone

The Classic Home Loan is just what you need if you're buying a home to live in. It's good for home buyers at every stage in their property journey – from first time buyers to more seasoned property owners.

Get a Classic Home Loan

Why you'll want this home loan

Up to 90% or 75% loan to value (LTV)

Borrow up to 90% of the value of your property for your primary residence and 75% of the value of your property for your second residence

Main or second home

Use this home loan for your main home or a second home

Save on fees

Benefit from a waiver of the processing fee* when applying for a home loan

Fixed or flexible rates

Choose between fixed or flexible interest rates to suit your needs

*Please note that the processing (legal) fee and the booking fee (where applicable) will still apply.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your home loan.

Loan example

Variable interest rate

Here's an example of a variable rate:

Interest rate APRC

2.8% variable rate

2.9% APRC

Here's an example of a variable rate:

Interest rate

2.8% variable rate

APRC

2.9% APRC

The cost of a home loan of €170,000, being made available to a home loan buyer at a variable borrowing interest rate of 2.8% p.a. for a term of 360 months is illustrated as follows: The APRC will be 2.9% p.a. The loan will be repayable in 359 equal monthly instalments of €702.22 and one final instalment of €707.32 over a term of 30 years. The total sum payable throughout the term of the loan assuming the interest rate remains unchanged will be €253,276.

Applicable charges on this loan are as follows - processing (legal) fee of €200; updating of searches fee of €41.70, fee for post-deed checking of hypothecary charge of €30 and fee for bank’s appointed architect of €200 (based on a property value up to €400,000).

The loan is to be secured by a first ranking hypothec and special privilege over the property being financed, 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 financed. If repayments are not maintained, the bank may take steps to sell the property financed following legal proceedings and the borrower may lose his property. Terms and conditions apply.

Fixed interest rate

Here's an example of a fixed rate:

LTV Initial Int rate Initial Interest rate period
Followed by a variable rate, currently
Overall cost (APRC)

Type of residence:
  

 

Primary - 90%

Secondary - 75%

 

1.55%*

Fixed until

 

 

30 September 2025

2.8%
2.6%

Here's an example of a fixed rate:

LTV

Type of residence:
  

 

Primary - 90%

Secondary - 75%

 

Initial Int rate

1.55%*

Initial Interest rate period

Fixed until

 

 

30 September 2025

Followed by a variable rate, currently
2.8%
Overall cost (APRC)
2.6%

*This rate is available for new applications only.

 

Representative example of a Classic Home Loan based on a loan amount of €170,000 for a term of 360 months being made available to a home loan buyer by HSBC Bank Malta p.l.c. at a fixed borrowing interest rate of 1.55% for the first 39 months and a variable borrowing interest rate of 2.8% p.a. for the remaining 306 months.

The APRC will be 2.6% p.a. The loan will be repayable in 39 equal monthly instalments of €592.65, 320 equal monthly instalments of €690.77 and one final instalment of €706.42. The total sum payable throughout the term of the loan assuming the variable interest rate remains unchanged will be €245,437.87. Applicable charges on this loan are as follows - processing (legal) fee of €200, booking fee of €100, updating of searches fees of €41.70, a fee for post-deed checking of hypothecary charge of €30, and a Bank’s appointed architect fee of €200 (based on a property value up to €400,000).

The loan is to be secured by a first ranking hypothec and special privilege over the property being financed, 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 financed. If repayments are not maintained, the bank may take steps to sell the property financed following legal proceedings and the borrower may lose his property. Terms and conditions apply.

What you'll need to apply

  • evidence of income: last 3 months' payslips and FS3 form if you're employed, or 2 income tax returns if you are self-employed
  • maltese identity card / residence card
  • preliminary agreement or deed of purchase of the property
  • if you're re-financing, a copy of the bank sanction letter, as well as loan statements for the last 12 months
  • details of any current borrowings including outstanding balance, repayment amount, interest rate and maturity date of facility
  • a Bank Appointed Architect's valuation report on our standard valuation form (PDF 302KB)
  • details of the second applicant, if you're applying jointly with someone else
  • we may ask for additional documentation

Talk to us in branch

Prefer to speak to someone in person about a home loan? Find a branch and visit us when it's convenient for you.

Talk to us over the phone

Give our lending specialists a call on

Lines are open from 08:00-16:00, except Sundays and public holidays.

Things to consider

Loan amount: Your home loan will depend on your individual circumstances, the value of the property you want to buy and your income.

Loan term: A home loan for first time buyers may be repaid over a maximum term of 40 years but should be repaid in full by retirement age.

Life insurance: To ensure that your home loan is repaid in the event of death, having an adequate life insurance is essential. We can also provide a life policy to suit your needs.

Building insurance: You must take out adequate buildings insurance. This should cover the cost of rebuilding your home and we recommend that you review the level of cover from time to time to protect your investment.

Variable interest rates: Variable rates can change over the term of your home loan. We quote the rate as a margin over our Home Loans Base Rate. If the Home Loans Base Rate changes, your variable interest rate will change as well. This will affect your monthly repayment.

Fixed interest rates: Fixed interest rate offers are usually available for a limited period of time. Each rate will apply for a specific term. At the end of the fixed rate period your loan will be converted to a variable interest rate.

Terms and conditions apply.

Online Home Loan drawings

If you have already signed your final deed at our legal office, and would like to continue with works at your property, you may now apply for your home loan drawings online.

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Listening to what you have to say about our services matters to us.