![]() 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. Use our mortgage repayment calculator to estimate what the total cost of your loan would be and to work out your weekly, fortnightly or monthly repayments. Life and property insurance are obligatory in order to obtain the loan. Enter the loan amount, interest rate and months to pay, then hit enter. 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.Notes: Base formula, written as I Prt or I P × r × t where rate r and time t should be in the same time units such as. R Rate of Interest per year as a percent R r 100. The consumer has the right to pay the loan in full or in part before the agreed termination r Rate of Interest per year in decimal r R/100.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:
0 Comments
Leave a Reply. |