Air Malta is not your only option, there is also AirX in Malta who have recently been offering 2 year apprenticeships to low hours people who already have CPL and MEIR with a company funded type rating on one of their biz jets on completion of the apprenticeship. I don’t personally know much about AirX or the apprenticeship scheme but you would have to hope that when you complete training they will be offering the apprenticeship and will favour a local like yourself. It might be worth you paying them a visit and trying to land (no pun intended) some non flying job with them and train for your licence when not rostered for work, if you get on well they might look favourably on you when you have your licence.
Failing that you may have to leave Malta to another country or another continent in search of your first flying job.
The advice from pilotchute is absolutely correct, embarking on training is a massive gamble with your money at stake and you should never gamble what you cannot afford to lose. Please do not tie yourself down to a massive loan with your (or someone else’s) property as security without a secure Plan B to bring in money if you don’t get a flying job quickly, to do such a thing with current recruitment prospects would be truly insane.
Good luck to you whatever you decide to do.