Malta Mortgage Calculator
Calculate your monthly repayment, total interest, and full amortisation schedule.
€10,000€1,000,000
0.10%15.00%
5 years40 years
Monthly payment
€955
per month
Total interest
€143,739
Total repayable
€343,739
Principal 58%Interest 42%
€200,000€143,739
PrincipalInterestBalance
| Year | Payment | Principal | Interest | Total interest paid | Balance | |
|---|---|---|---|---|---|---|
| Year 1 | €11,458 | €3,522 | €7,936 | €7,936 | €196,478 | |
| Year 2 | €11,458 | €3,666 | €7,792 | €15,728 | €192,812 | |
| Year 3 | €11,458 | €3,815 | €7,643 | €23,371 | €188,997 | |
| Year 4 | €11,458 | €3,970 | €7,488 | €30,859 | €185,027 | |
| Year 5 | €11,458 | €4,132 | €7,326 | €38,185 | €180,895 | |
| Year 6 | €11,458 | €4,300 | €7,158 | €45,342 | €176,595 | |
| Year 7 | €11,458 | €4,476 | €6,982 | €52,325 | €172,119 | |
| Year 8 | €11,458 | €4,658 | €6,800 | €59,125 | €167,461 | |
| Year 9 | €11,458 | €4,848 | €6,610 | €65,735 | €162,613 | |
| Year 10 | €11,458 | €5,045 | €6,413 | €72,148 | €157,568 | |
| Year 11 | €11,458 | €5,251 | €6,207 | €78,355 | €152,317 | |
| Year 12 | €11,458 | €5,465 | €5,993 | €84,348 | €146,852 | |
| Year 13 | €11,458 | €5,687 | €5,771 | €90,119 | €141,165 | |
| Year 14 | €11,458 | €5,919 | €5,539 | €95,657 | €135,246 | |
| Year 15 | €11,458 | €6,160 | €5,298 | €100,955 | €129,086 | |
| Year 16 | €11,458 | €6,411 | €5,047 | €106,002 | €122,674 | |
| Year 17 | €11,458 | €6,672 | €4,786 | €110,787 | €116,002 | |
| Year 18 | €11,458 | €6,944 | €4,514 | €115,301 | €109,058 | |
| Year 19 | €11,458 | €7,227 | €4,231 | €119,532 | €101,830 | |
| Year 20 | €11,458 | €7,522 | €3,936 | €123,468 | €94,309 | |
| Year 21 | €11,458 | €7,828 | €3,630 | €127,098 | €86,481 | |
| Year 22 | €11,458 | €8,147 | €3,311 | €130,409 | €78,334 | |
| Year 23 | €11,458 | €8,479 | €2,979 | €133,388 | €69,855 | |
| Year 24 | €11,458 | €8,824 | €2,634 | €136,022 | €61,030 | |
| Year 25 | €11,458 | €9,184 | €2,274 | €138,296 | €51,846 | |
| Year 26 | €11,458 | €9,558 | €1,900 | €140,195 | €42,288 | |
| Year 27 | €11,458 | €9,947 | €1,510 | €141,706 | €32,341 | |
| Year 28 | €11,458 | €10,353 | €1,105 | €142,811 | €21,988 | |
| Year 29 | €11,458 | €10,775 | €683 | €143,495 | €11,214 | |
| Year 30 | €11,458 | €11,214 | €244 | €143,739 | €0 |
For illustrative purposes only. Not financial advice. Speak to a licensed financial adviser.
This free Malta mortgage calculator works out your monthly repayments, total interest, stamp duty, and a full amortisation schedule — with no sign-up required.
Malta has one of the most accessible property markets in the EU, with relatively low stamp duty and a government First Home Scheme offering a €10,000 grant. Mortgages are available for up to 40 years, and Euribor-linked variable rates are standard.
How mortgages work in Malta
Maltese mortgages are typically capital-and-interest (repayment) loans calculated on an annuity basis: the monthly payment stays constant, but the proportion going to interest falls and the proportion repaying capital rises over time.
Example calculation. A €180,000 mortgage over 25 years at 4.0%: monthly payment = €949. Total interest = €104,700. Over 20 years: payment = €1,091, interest = €81,840 — saving £22,860 for £142 more per month.
Stamp duty on Maltese property
Malta levies stamp duty on property purchases at 5% of the property value (or transfer value, whichever is higher). The duty is split: 3.5% is the buyer's liability and 1.5% is notional (collected as a transfer duty from the seller's side in practice both are reflected in the transaction cost).
Reduced rates and exemptions:
- First-time buyers: 0% stamp duty on the first €200,000 of the property value (saving up to €10,000 compared to standard rate)
- Gozo property: reduced rates apply to encourage purchase of property on Gozo island
- Restored urban conservation area (UCA) properties: reduced rate of 2.5%
First Home Scheme — €10,000 grant
The First Home Scheme offers a government grant of up to €10,000 for first-time buyers purchasing their primary residence in Malta or Gozo:
- The grant is paid in two instalments: €6,000 on purchase deed, €4,000 after 12 months of residence
- Eligibility: first-time buyers (neither applicant must have previously owned a property)
- Property must be occupied as main residence for at least 5 years
- No income limit for the scheme
Mortgage rates and Euribor in Malta
Maltese banks offer both variable-rate mortgages (linked to Euribor 3M or 6M) and fixed-rate products (for 5–10 year periods). The variable rate is expressed as Euribor + the bank's spread (typically 2.0–3.0%).
As of June 2026, Euribor 6M was approximately 2.2%, giving effective variable mortgage rates of 4.2–5.2% on new applications. The Central Bank of Malta publishes rate statistics: Central Bank of Malta – Statistics.
Purchase costs and legal fees in Malta
Beyond stamp duty, purchasing a property in Malta involves:
- Notarial fees: approximately 1–2% of property value (regulated scale)
- Architect/surveyor fees: if required by lender, typically €300–€600
- Mortgage registration fee: approximately €300–€500
- Bank arrangement fee: typically €500–€1,000
FAQ
What are current mortgage rates in Malta?▾
As of June 2026, variable mortgage rates in Malta were approximately 4.2–5.2% (Euribor 6M ~2.2% + bank spread 2.0–3.0%). Fixed-rate mortgages for 5–10 year terms were available from around 3.8–5.0%. Check the Central Bank of Malta for the latest statistics.
How much can I borrow for a Malta mortgage?▾
Maltese banks typically lend up to 80–90% of the property value (LTV). Affordability is assessed on a maximum debt-service ratio of approximately 35–40% of net monthly income. Malta allows mortgage terms of up to 40 years, which can increase the maximum loan amount but significantly increases total interest paid.
Who qualifies for the First Home Scheme €10,000 grant?▾
The grant is available to first-time buyers (neither person in the couple must have previously owned property) purchasing a primary residence in Malta or Gozo. The property must be occupied as a main residence for at least 5 years. There is no income limit. Apply through the Housing Authority before the final deed.
Is stamp duty different for Gozo properties?▾
Yes. The Maltese government periodically offers reduced stamp duty rates on Gozo properties to incentivise purchase. Check the current Gozo property incentive with the CFR (Commissioner for Revenue) or your notary, as rates and terms are updated periodically.
Can non-residents get a mortgage in Malta?▾
EU citizens can purchase property in Malta without restriction. Non-EU nationals require an Acquisition of Immovable Property (AIP) permit for their primary residence. Non-residents may face a lower maximum LTV (typically 70–80%) and lenders may require additional documentation such as overseas income evidence.