Banking January 2026 5 min read
Malta Personal Loan Guide 2026
Everything you need to know about personal loans in Malta.
What is a Personal Loan?
A personal loan (bireysel kredi) is an unsecured loan from a bank or lender that you repay in fixed monthly instalments. Unlike mortgages, personal loans don't require collateral.
Interest Rates
Typical Rates: 6% - 12%
Personal loan interest rates in Malta are higher than mortgage rates because the loans are unsecured.
Rates depend on:
- Credit Score: Better credit = lower rates
- Loan Amount: Larger loans may have different rates
- Loan Term: Shorter terms may offer lower rates
- Bank Relationship: Existing customers may get preferential rates
Loan Terms
| Feature | Typical Range |
|---|---|
| Loan Amount | €1,000 - €100,000 |
| Loan Term | 6 months - 7 years |
| Interest Type | Usually fixed |
| Repayment | Monthly instalments |
Eligibility Requirements
To qualify for a personal loan in Malta, you typically need:
- Stable income (employed or self-employed)
- Good credit history
- Malta residency
- Minimum age requirement (usually 18-21)
- Debt-to-income ratio within acceptable limits
Fees to Consider
- Arrangement Fee: One-time setup fee
- Early Repayment Fee: If you pay off early
- Late Payment Fee: For missed payments
- Insurance: Payment protection insurance (optional)