Get in touch - Bank of Valletta - BOV Group
Customer Service Centre - Bank of Valletta - BOV Group
  • ... >
  • ... >
  • ... >
  • Notice to Customers Change in interest rates... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
Maximise Banner
Minimise Banner
next Previous
next Previous
next Previous
next Previous
BOV ECO Personal Loan
Environmental-friendly financing is possible with the BOV ECO Personal Loan.
BOV ECO Personal Loan

Environmental-friendly financing is possible with the BOV ECO Personal Loan

Overview
Benefits
Terms & Conditions
Reviews
Apply Now

At Bank of Valletta, we can help you finance the purchase of:

  • environmental-friendly equipment such as solar water heaters, solar lamps, solar collectors and photovoltaic systems
  • products or systems or services which save on electricity consumption including Class 'A' white goods, double glazing, energy audits, residential energy management systems and thermal insulation products
  • electric or hybrid cars
  • motorcycles
  • new motor vehicles which have a CO2 emission level below 100g/km
  • new motor vehicles which have a CO2 emission level below 130g/km, provided that customer is concurrently scrapping another motor vehicle under the current Government Car Scrappage scheme

We are also considering requests to finance the cost incurred in converting a motor vehicle to run on autogas are also being considered.

The BOV ECO Personal Loan provides affordable, customised solutions designed to help you finance your personal projects whilst safeguarding our environment.


Amount borrowed

The BOV ECO Personal Loan requires no security and can be used for purchases between €500 and €40,000. The loan is repayable by monthly instalments, and the amount you pay every month is determined by 
  • the sum you borrow,
  • the selected term and
  • the applicable rate of interest.

Repayment Terms

Repayments generally span up to a maximum period of 7 years in line with the amount of the loan and the expected life span of the equipment. Loans to finance eco friendly motor vehicles (including motor cycles) may be extended to 8 years, whilst loans to finance photo-voltaic systems and other energy generating products may be extended up to a term of 10 years.

The loan will be repaid by monthly instalments which will be inclusive of interest. Should you decide to repay the loan before the stipulated term, whether in one lump sum or by increasing your monthly instalments, no penalties or additional fees apply.

Processing Fees

No processing fees apply. There are no hidden fees and no extra costs.

Qualifying for the Loan

To apply for the BOV ECO Personal Loan, we require that:
  • you are over 18 years of age, and 
  • in regular full-time employment
If you answer ‘yes’ to both questions, you may fill in our online application here or visit the BOV Branch of your choice, where our representatives will be happy to assist you.

To apply for the BOV Personal ECO Loan, you will require:
  • your I.D. Card,
  • evidence of income - FS3 or Profit & Loss Account together with the Inland Revenue income and self-assessment form submitted to the Inland Revenue,
  • proforma invoice of the asset being financed by the BOV Eco Personal Loan
  • evidence of CO2 emission level and/or application to scrap existing motor vehicle (where applicable)
Interested?

Then, choose your next step from the options available below:
  • Apply online
  • Visit the BOV branch of your choice to receive a personalised BOV ECO Personal Loan quote
  • Call our Customer Service Centre on 2131 2020 between Monday and Saturdays, from 8.00am to 8.00pm (excluding Bank and Public Holidays)
  • Send us an e-mail at customercare@bov.com
  • Click on the ‘Get in Touch’ icon on the right hand side of the screen. Submit your query and contact details. Then we shall contact you as soon as possible
The BOV ECO Personal Loan makes green financing pay. We offer you:

  • An unsecured facility for €500 to €40,000 – no down payment required
  • Discounted interest rate of 2.4% over the Consumer Lending Bank Base Rate which currently stands at 2.45%
  • No processing fees
  • Repayment period of up to 10 years in line with amount of loan and expected life-span of equipment, provided that loan is repaid prior to legal retirement age
  • Full finance
  • Fast processing of your application
In addition, you may benefit from the following:
Favourable interest rate
Pay off the loan at any time, without incurring any early repayment feeAdminister and monitor your account by means of:
      - 
Direct Credit of your salary/income, and/or
      - 
BOV 24X7 Service
Free Life Cover (terms and conditions apply)



The BOV ECO Personal Loan is not currently subject to a processing fee. There are no hidden fees and no extra costs.

A discounted Interest Rate of 2.4% over the Consumer Lending Bank Base Rate which currently stands at 2.45% results in a variable interest rate of 4.85%.

A representative example of a BOV ECO Personal Loan based on a loan amount of €10,000 being made available by Bank of Valletta plc at a variable interest rate of 4.85% (interest margin of 2.4% plus Consumer Lending Bank Base Rate* of 2.45%); APR will read 5.029% p.a. and loan will be repayable in 120 equal monthly instalments of €105.66 over a term of 10 years. The total sum payable throughout the term of the loan, assuming the variable interest rate remains unchanged, will be €12,679.20 being capital of €10,000 and interest of € 2,679.20 - no processing fees apply. 

* The Consumer Lending Bank Base Rate (CLBBR) 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.

Click here for the current Bank Base Rate
Product average rating:
0 / 5
Share this product:
Sort reviews by:
This item has no reviews yet.
Interested?

If you require more details about this product, you may:

  • Call our Customer Service Centre on 356 2131 2020
  • Send us an e-mail at customercare@bov.com
  • Click on the ‘Get in Touch’ icon on the right hand side of the screen. Then submit your query and contact details. We shall contact you as soon as possible
  • Visit the BOV Branch of your choice.
Download >
BOV Eco Personal Loan - Product Information Guide
Download >
Personal Loans Life Cover
Print page
Related products you might be interested in
next Previous
My Guide has identified the following related material
next Previous
 
BOV Pjazza
next Previous