APS Booost Student Loan

Ready to boost your studies?

APS Booost is the student loan which will help you take your studies further locally, abroad or through distance learning.

Am I eligible for APS Booost?

If you are between 18 and 40 years and would like to follow a learning course recognised at MQF level 5 or higher, then you can apply for APS Booost. The duration of the course must be between 1 to 5 academic years.

Can I benefit from a “repayment holiday” with APS Booost?

Yes, with APS Booost you can benefit from a “repayment holiday” of up to 5 years, depending on the course duration. This “repayment holiday” (also known as a moratorium) means that during a specified period, you will not need to make repayments.

How much money can I borrow?

APS Booost Student Loan provides 100% financing on amounts between €5,000 and €50,000, with a loan repayment term that does not exceed 10 years (including a maximum “repayment holiday” on capital repayments of 5 years, depending on the course duration). A maximum amount of €1,500 may also be granted as part of the loan for the purchase of a computer/laptop.

Does it make a difference if I’m a full-time employee?

Yes, it does! If you are a full-time employee applying for a local or distance-learning course, you may apply for an overdraft (in addition to the loan amount) based on your monthly income (a maximum of €5,000).

How much interest will I need to pay? Are there any other fees that I will incur as part of this process?

Interest is currently set at a variable rate of 3.00% p.a. for a loan amount of up to €30,000. Loan amounts of over €30,000 will be considered upon confirmation of additional security and will benefit from a variable interest rate of 2.75% p.a.

Loan requests below €30,000 may still benefit from the preferential variable interest rate of 2.75% p.a. if additional security is provided.

These two rates represent a margin of 0.75% and 0.5% over the Bank’s Base Rate, respectively, which is currently set at 2.25% p.a.

All application-related fees are are waived until 30th June 2022. Other fees may be incurred in line with the Bank’s Tariff of Charges.


What documents do I need to present together with my application?

When applying for APS Booost Student Loan, you will need to present the following:

  • Motivation letter indicating how this academic course will benefit your future career plans
  • Curriculum Vitae
  • Scanned copies of qualifications
  • Course curriculum
  • Letter of acceptance from the relevant institute or university
  • Letter of reference on applicant's character and integrity
  • Copy of applicant's ID Card (and spouse's if applicable)
  • Budget planner (click here to download it)


A Representative Example of an APS Booost Student Loan

On a fully utilised Booost Loan of €20,000 granted to a full-time student, at a variable nominal interest rate of 3.00% p.a. for a term of 120 months (comprising a moratorium period of 60 months), then the *APRC will be 3.13% p.a.

During the moratorium period, the student will be paying the interest in equal monthly instalments of €50.00 each for the first 60 months. For the remaining 60 months, the loan will be repayable in equal monthly instalments of €359.74 each. The total sum payable throughout the whole term of the loan will be €24,634.40 (being capital of €20,000, interest of €4,584.40 and a processing fee of €50.00). The loan is to be secured by a personal guarantee of the parents (if single) or spouse (if married). All APS Booost loans are subject to a final approval from your APS servicing branch.

Calculations are based on the below assumptions:

That the consumer lending bank base rate (currently at 2.25%) remains unchanged during the period of the loan.

During the moratorium period of the loan, the student will be paying €600 yearly as interest (i.e. 3.00% of the loan amount). At the end of the moratorium period, the student would have paid €3,000 in interest. After the moratorium period, i.e. over the remaining 60 months, total interest payable by the student is that of €1,584.40.

The student opts to utilise the maximum moratorium period that of 60 months.

The credit agreement is to remain valid for the period agreed between the Bank and the consumer, and that both parties will fulfil their obligations under the terms and by the dates specified in the credit agreement. The consumer has the right to pay the loan in full or in part before the agreed termination. In such circumstances, no early repayment penalty fee is incurred.

*APRC calculation is based on the total cost of the credit to the consumer, expressed as an annual percentage of the total amount of credit.

Approved and issued by APS Bank plc, APS Centre, Tower Street, B’Kara BKR 4012. APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. Applications are subject to the Bank’s lending criteria. Terms and conditions apply and are available on request.


Address (Head Office): APS Bank, APS Centre, Tower Street, Birkirkara BKR 4012, Malta - Europe

Telephone: (+356) 21226644



APS Bank will use the information provided within this form to process your request. For security and data confidentiality purposes it is not advisable to use this form to send sensitive data such as account numbers, account balances, login information and any other financial information that can identify a specific transaction. We will never ask you for this type of personal information through our website, social media or direct you to a web page that asks for this information. Please note that the Bank has revised the Data Privacy Policy. Kindly visit www.apsbank.com.mt/gdpr for further details.

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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.