Equity Sharing scheme

APS Bank Equity Sharing Scheme

Are you over 40 years old and do not own a house? Then the Equity Sharing Scheme is the solution for you! You can now buy your own home in joint ownership with the Housing Authority. We can help you finance your share of the property because we believe that everyone deserves a chance at affording a home.

Here are the benefits and features:

  • Get between 40% and 80% financing, with a maximum loan amount of €160,000
  • Benefit from a variable interest rate
  • Get a maximum repayment term of 20 years
  • All processing and bank legal fees will be waived
  • The Housing Authority will co-own the property for the term of the loan; the joint ownership will end after 20 years; after which you have the option to become the sole owner of the property*

Here is how you apply:

1) Visit the Housing Authority at 22, Pietro Floriani Street Floriana FRN1060

2) Obtain an application form, fill it in and submit to the Housing Authority

3) Following screening and acceptance of the application, you will be referred to APS Bank

4) Visit APS Bank and submit all documentation to apply for the loan and find out the maximum loan amount you are eligible for. Normal on-boarding procedures apply

5) Identify your future home, making sure that the property value does not exceed €200,000

6) Sign the loan agreement, proceed with the signing of the Promise of Sale (Konvenju)

7) The final contract is signed at APS Bank together with yourself and the Housing Authority

8) Congratulations you are now a joint home owner!

Basic eligibility criteria:

  • Need to be 40 years or older and in full-time employment
  • Can’t have a residence in your name
  • Need to pay a basic 10% down payment on the value of the property you are interested in purchasing
                                                                                                        Free Phone: 2299 1000 / 80072232
                                                                                                        Website: www.housingauthority.gov.mt


*Terms and conditions apply and are available in the Pre-contractual General Information Sheet and the Sanction Letter. APS Bank plc is licensed by the Malta Financial Services Authority as a credit institution licensed to undertake the business of Banking and conduct Investment Services. APS Bank is enrolled in the Tied Insurance Intermediaries List under the Insurance Distribution Act 2018. The Bank is a participant in the Depositor Compensation Scheme established under the laws of Malta. A Control Committee (made up of representatives of the Bank and the Housing Authority) will evaluate and select applications according to pre-established criteria. These will be selected following screening of the interested persons to ensure compliance with the criteria and following a self-assessment exercise of the applicant/s and forwarded to APS Bank for financial consideration. The Bank’s decision in approving the loan is final.


Copyright © 2017 APS Bank plc
APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994 and to carry out Investment Services activities under the Investment Services Act 1994. The Bank is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.