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Personal Loan

                                                                   WHY DO I BELIEVE?

                               My projects, passions and dreams make me who I am.

     With a Personal Loan from Banif Bank, this is my time to upgrade and fulfil my ambitions.

Key benefits

I can:

  • finance my projects by borrowing up to 100% of the amount if it is between €1,000 and €30,000;
  • benefit from lower monthly repayments by spreading the loan over a period of up to 7 years;
  • make extra repayments to settle my loan earlier, without being charged extra fees; and
  • protect myself and my loved ones through an insurance policy included in this product, in case of unforeseen circumstances, such as accidental death, temporary or permanent total disablement or redundancy. 

Getting started

I will visit a Banif Branch and take with me:

  • my ID Card
  • evidence of income – last year’s FS3 and the last 3 months’ payslips OR, if I am self employed, my last 3 years’ Income Tax return, including the Profit and Loss Account
  • bank statements of all accounts held with other banks
  • evidence (eg pro-forma invoice) of the product I want to buy. 

*Terms and conditions apply. The loan is subject to the Bank’s lending criteria. The Bank reserves the right to amend or withdraw this product at its sole and absolute discretion. ‘Personal Loans Plus Protection’ incorporate an insurance cover that protects clients in case of accidental death, temporary or permanent total disablement or redundancy. Banif Bank (Malta) plc shall be the policy holder. Click here to check all details relating to the policy.

A typical example is based on a loan of €10,000 repayable through monthly instalments of €146.44 over a period of 7 years at a variable interest rate of 5.99% p.a. Loan is subject to an administration fee of 4% on the monthly instalment. The total sum payable throughout the term of the loan is €12,792.71, with an APR of 7.86% p.a. Banif Bank (Malta) plc is a credit institution licensed to undertake the business of banking by the MFSA in terms of the Banking Act 1994 and is a member of the Depositor Compensation Scheme established under the Depositor Compensation Scheme Regulations (Legal notice 383 of 2015). Registered in Malta C41030 – 203, Level 2, Rue D’Argens, Gzira, GZR 1368, Malta.

Brochure 

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Banif Bank (Malta) plc is a credit institution licensed by the MFSA to undertake
the business of banking in terms of the Banking Act 1994.