Main Features of the BOV Tax Arrears Loan
Amount
|
Any amount (subject to a maximum of 8 years of tax arrears) |
Term
|
5 to 8 years |
Interest Rate
|
3% to 4% over Bank Base Rate
|
Charges
|
As per Bank’s tariff of charges
|
Repayments
|
Monthly Instalments
|
Security
|
Any form of collateral acceptable to the Bank at its sole discretion |
Interested?Applying for the BOV Tax Arrears Loan is easy. Simply visit your Business Centre or Corporate Finance. Our people will be happy to discuss your requirements.
In order to apply, you will need:
- Letter of undertaking not to pay shareholders’ loans and dividends;
- Copy of agreement with tax department;
- Copy of latest audited financial or management accounts
For further details, you may call our Customer Service Centre on 2131 2020, between Mondays and Saturdays, from 08.00 a.m to 8.00 p.m (excluding Bank and Public Holidays).
Provide link to Brochure as Related Document
Talk to UsDiscuss with us your plans and business goals, and find out how our SME Finance Solutions can support your business by
- visiting one of our branches
- visiting a business centre
- by calling our Customer Service Centre on 2131 2020, or
- submit a query by clicking on the ‘Get in Touch’ button
All facilities are subject to normal bank lending criteria and final approval by the Bank. Terms and conditions apply.
** The Bank's Base Rate (BBR) means the basis, established by the Bank from time to time, on which the rate of interest payable generally on all Bank lending is determined. The applicable Bank's Base Rate varies in accordance with the type of lending involved, whether Business Loans, Consumer Loans or Home Loans, as quoted on this website. The base rate applicable to the BOV Start Plus is the Business Lending Bank Base Rate.Click here for the current Bank Base Rate