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BOV Home Loans
At Bank of Valletta we know that whether you are a first time buyer or acquiring your second residence, the purchase of a new home requires careful consideration.
Buying your First Home

Who does not dream about buying the first home?

It is easy to get carried away with the idea of buying a house, but it is important to live within your means. BOV can help you make the right choices.



Terms & Conditions
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A new chapter in your life means it is finally time to own the home you have been dreaming of.  At BOV we understand that this first step can be made even easier with our support.  In order to make budgeting easier, we have prepared a unique package aimed specifically at offering first-time buyers exclusive benefits.

Representative example of a HomeFirst product based on a loan amount of €250,000 being made available to a first-time buyer at a fixed interest rate of 1.00% p.a. for the first 48 months and a variable interest rate of 2.80% p.a. for the remaining 372 months. The APRC will be 2.37% p.a. The loan will be repayable in 48 equal monthly instalments of €707.33 and 372 equal monthly instalments of €913.06 over a term of 35 years. The total sum payable throughout the term of the loan assuming the variable interest rate remains unchanged will be €374,050.16. The total sum payable throughout the term of the loan if the fixed rate is not available would be €395,151.80. The fixed interest rate may therefore result in savings of up to €21,101.64. This fixed rate will not change during the term of 48 months. Applicable charges on this loan are as follows - fully refundable processing fee of €750; flat legal fee of €200; no booking fee; out of pocket expenses per contracting party €20; updating of searches fee of €120 and a closing of account fee of €100.

All loans are subject to normal bank lending criteria, credit approval by the Bank and a credit agreement.  Security may be requested including mortgage or other comparable security.  The loan is to be secured by a first ranking hypothec and special privilege over the property being financed, a first ranking pledge over a life assurance policy covering the whole loan amount and a buildings insurance policy for the replacement cost of the property being financed. If repayments are not maintained, the Bank may take steps to sell the property financed following legal proceedings and the borrower may lose the property. Further terms and conditions are available from Issued by Bank of Valletta p.l.c., 58, Triq San Żakkarija, Il-Belt Valletta VLT 1130.  Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap. 371 of the Laws of Malta).


The main benefits include:

  • A minimum upfront contribution of 10% of the purchase price (and completion works, where applicable)

  • Maximum term of up to 40 years, or up to official retirement age, whichever comes earlier

  • Full refund of advances processing fees upon publication of deed

  • A flat fee of €200 (for loans up to €250,000) or €250 (for loans between €250,001 and €500,000), plus out of pocket expenses*
    * being €20 per contracting party for updating of searches, €20 for land registry fees and €50 for conservation of special privilege (in case of loan for completion)
  • For loans exceeding €500,000 kindly contact your nearest branch for the applicable terms.

Use our Home Loan Calculator to calculate the amount you can borrow, your monthly repayments and more.

Loans are subject to normal Bank lending criteria and final approval from your BOV Branch.  

The term of the loan must not go beyond retirement age.

A minimum contribution of 10% of the purchase price and completion works (where applicable) is required. 

A 'European Standardised Information Sheet' (ESIS) will be provided from any BOV branch on inquiry. All relative charges, terms and conditions are quoted in the relative sanction letter.

This home loan product is a credit agreement and may be secured by a hypothec or privilege on residential immovable property and/or by a right related to residential immovable property.

In order to obtain the credit, you will also be required to pledge, in favour of the Bank, a life assurance policy covering the loan amount being financed, and a buildings replacement policy, the cost of which cannot be determined in advance.  

In the case of foreign currency loans, possible fluctuations of the exchange rate could affect the loan amount repayable.  In the event of non-observance of the commitments linked to the credit agreement, you may risk losing the immovable property.

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Set an appointment with your BOV branch of your choice for more details or to receive a personalised home loan quotation or call our Customer Service Centre on 2131 2020 between Monday and Saturdays, from 8.00am to 8.00pm (excluding Bank and Public Holidays)
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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).