Malta affordability calculator
Work out the maximum property price you can target based on your gross annual income, existing monthly debts, and available deposit.
Before you start browsing, the first practical question is how much you could borrow. This tool assumes a loan of up to 4.5 times your gross annual income, less your existing debt repayments for a year. The 4.5x figure is a model assumption in the range lenders commonly use, not a rule.
On top of the income test, the Central Bank of Malta caps loans for first-time and primary-residence buyers at 90% loan-to-value, so you need at least a 10% deposit; for second homes and buy-to-let the cap is 75%. The tool uses the 90% cap, so your deposit limits the price independently of your income.
The calculator combines both limits into a maximum purchase price and estimates the monthly repayment at the published market-average rate for new Maltese home loans over 25 years. The result is educational: it is not a lending decision or an offer.
Maximum property price
€0
0% loan-to-value at 2.5% (market average) over 25 years
- Maximum loan
- €0
- Your deposit
- €0
- Estimated monthly payment
- €0
Get your affordability breakdown — plus what to do next
One email, everything you need to act on it:
- A link that reopens your exact figures, to tweak any time
- Every assumption behind the number, spelled out
- The Malta essentials for your next step — fees, deadlines and exemptions
Illustrative only. Actual lending depends on bank policy, credit history, employment status, and property valuation. This is not a mortgage offer.
How the affordability calculation works
The tool applies two independent limits and uses whichever gives the lower loan.
- Income: your gross annual income multiplied by 4.5 (a model assumption), less 12 months of your existing debt repayments. The rule every lender must apply is the Central Bank's stressed debt-service limit of 40% of net income, which this tool cannot check without your net income.
- Loan-to-value: the Central Bank caps first-time and primary-residence buyers at 90% (at least 10% deposit) and everyone else at 75%. The tool uses 90%.
- The binding constraint is whichever produces the lower loan amount. If your deposit only supports a smaller property than your income would allow, the deposit is your bottleneck.
- The monthly payment uses a standard amortising formula at the published market-average rate for new Maltese home loans, over 25 years. Your own rate depends on the lender and your profile.
Affordability FAQs
What income multiple does this calculator use?
4.5 times gross annual income. That is a model assumption, not a Maltese rule: lenders set their own income tests, and the rule every lender must apply is the Central Bank's stressed debt-service-to-income limit of 40% of net income. Joint applicants can combine incomes.
What is the minimum deposit for a Malta mortgage?
Under the Central Bank's rules, at least 10% for first-time buyers and buyers of a primary residence with no outstanding home loan (90% loan-to-value), and at least 25% for everyone else (75%). Properties under 175,000 EUR are outside these limits. The Housing Authority's 10% Deposit Scheme can lend eligible first-time buyers aged 21 to 39 the deposit (up to 25,000 EUR, for homes priced up to 250,000 EUR).
Can foreigners get a mortgage in Malta?
Yes, Maltese lenders do lend to foreign buyers. The Central Bank sets no separate limit for non-residents, but lenders commonly ask them for about 30% deposit (market practice) and more income documentation. Loans are in euro.
What is the current mortgage rate in Malta?
The published market average for new Maltese home loans (variable or fixed for up to one year) was about 2.5% in August 2026, and this calculator uses that figure. It is an average across lenders, not a quote; your rate depends on the lender, the product and your profile.
Does existing debt reduce my borrowing capacity?
Yes. In this tool, 12 months of your debt repayments are taken off the income-based loan: a 500 EUR a month car loan lowers it by 6,000 EUR. Lenders look at debt through the debt-service-to-income test, where existing repayments use up part of the 40% limit, so clearing debts before applying can raise what you can borrow.
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