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Home Equity Loans
Let your home lend a hand!
Unlocking the equity in your home could open up opportunities.
Check out our Swift Home Loans Guarantee and earn extra cash!
What is Home Equity?
Home Equity is the value of the property that you actually own.
In simpler words, your home equity is the difference between the market value of your home and what you owe.
Your equity can increase in two ways:
- As you pay down your home loan, the amount of equity in your property will increase.
- Your equity will also get a boost if the market value of your property rises.
How Does a Home Equity Loan Work?
Let’s say that your property is worth €500,000 and you still owe €300,000 – that means you have up to €200,000 in equity.
Over time, as you continue paying your loan, and if the value of your home continues to increase on the market, your equity increases.
You may be able to use the equity in your home to obtain funding to purchase the car of your dreams or buy a boat, amongst other things.
The Home Equity Loan is calculated by taking into consideration your gross income, any monthly commitments and the equity available on your property.
Why with MeDirect?
- Lower interest rates
- Quick response time
- Digital tailor-made service to suit you
If you would like further information about the MeDirect Home Equity Loan please contact us by clicking on the ‘Request more information’ button.
A representative from our Home Loan team will contact you to discuss further.
Important Information
Minimum eligible age is 18 years and pensionary age is assumed to be 65 years.
The documentation required to obtain a quote and/or to proceed with Home Equity Loan application can be found at the following link.
The Bank and its products are regulated by the Malta Financial Services Authority.
Take advantage of your equity today!
Frequently Asked Questions
How will I know if I am eligible for a MeDirect Home Loan?
At MeDirect we promise speedy response times and no processing fees on our home loans. If you are looking to buy your primary or secondary residential property or want to refinance your existing home loan facility, we will quickly assess your eligibility for a home loan. You need to be over 18 years of age, have an income and enough savings to cover at least 10% of the property cost for your primary residence. If you are purchasing a secondary residence, you will need to have saved at least 25% of the property cost. Our team is on hand to help you finance all the costs in relation to the acquisition, construction and finishing of your property.
How much is the maximum amount I can borrow?
When assessing your borrowing capacity, we will look at your overall financial situation. This mainly includes:
- Your current income
- Your financial commitments
Our Eligibility Calculator will help you get a better understanding of the maximum amount you will be able to borrow.
How much would my initial deposit need to be?
This will be defind depending on which type of residence you are looking to purchase.
| Maximum Loan Amount of the Total Project Cost | Initial Contribution of the Total Project Cost | |
| Acquisition of Primary Residence | Up to 90%* | 10% |
| Acquisition of Second Property | Up to 75%* | 25% |
* Terms & Conditions apply.
More FAQs
Applications are subject to the Bank’s lending criteria. Terms and conditions apply and are available on request.