Aim:
To provide subsidy on interest on loans for those purchasing their first residence.
Criteria:
1. A subsidy up to a maximum of 1% on the subsidy base rate as established by the Central Bank of Malta or the European Central Bank if this is over 3.75%.
2. This subsidy is given during the first ten years from date of purchase, and the amount of loan on which subsidy is given should not exceed the amount of €93,175.
3. The value of the finished property should not exceed €116,468.67.
4. This scheme is open for engaged or married couples, separated or single parent, all over 21 years of age, however, in case of a single person applicant must be 24 years of age. Persons with a disability or who for a period lived in an institution qualify if the are 18 years of age.
Click here to downlaod the aplication form for this scheme.