Terms and conditions apply and are available on request. You can also generate a personalised Key Facts Sheet based on your loan. Applications are subject to the Bank’s lending criteria. With our Home Loan Calculator, you can estimate what your repayments would be. APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. This free mortgage calculator lets you estimate your monthly house payment, including principal and interest, taxes, insurance and PMI. 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. Life and property insurance are obligatory in order to obtain the loan. 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 This finance calculator can be used to calculate the future value (FV), periodic payment (PMT), interest rate (I/Y), number of compounding periods (N), and PV (Present Value).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.The consumer has the right to pay the loan in full or in part before the agreed termination.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: The facility is fully utilised within the first 3 months of being sanctioned.The consumer lending bank base rate, which is currently 2.25%, remains unchanged throughout the period of the loan. The APRC calculation is based on the following assumptions: Kindly take note of the following assumptions made with regards to the above calculation: Once the contract has been signed, this amount will then be partially refunded (the bank will only retain €100 as a processing fee). This sum constitutes of:Ī processing fee equal to 0.25% of the loan amount minimum €100 will be collected at the time of issuing the sanction letter. The total sum payable throughout the term of the loan will be €374,797.60. Each monthly instalment would equal €780.62. The loan would be repayable through 480 equal monthly instalments, i.e. 15737), an authorised financial services provider.Typical example of a Home Loan hereinafter the loan, based on an amount of €200,000 at a variable interest rate of 3.5% per annum, the Annual Percentage Rate Charge (APRC) would equal 3.56% per annum. Use our free mortgage calculator to help you estimate your monthly mortgage payments when contracting a home loan for buying a property in Dubai or the UAE. Simply adjust the sliders on the calculator below to customize the financial details. 24015), underwritten by Mutual and Federal Risk Financing Limited (short-term / non-life insurance company), and administered by IUA Business Solutions (Pty) Ltd (FSP licence No. Our rental property calculator looks at the upfront investment costs, expenses and earnings to calculate the ROI. 16354).īetterSure Home Insurance policies are offered by BetterLife Distribution Services Proprietary Limited, trading as BetterSure Financial Consultants, an authorised financial services provider (FSP Licence No. Short-term insurance policies sold before 1 March 2019 are underwritten and administered by Auto and General Insurance Company Limited, an authorised financial services provider (FSP Licence No. 15737), an authorised financial services provider. Property taxes and property insurance are not computed with this. BetterLife protection policies are underwritten by Old Mutual Alternative Risk Transfer Limited, a registered long-term insurer, and administered by IUA business Solutions (Pty) Ltd (FSP licence No. Use this calculator to determine the principal and interest payment for a home loan. *All insurance products are offered by BetterLife Distribution Services Proprietary Limited, trading as BetterSure Financial Consultants, an authorised financial services provider (FSP Licence No.
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