Bank of Valletta can help you finance the purchase of photovoltaic systems and solar water heaters through the BOV ECO Loan – Special Scheme.
The BOV ECO Loan – Special Scheme provides an affordable, customised solution designed to help you finance the purchase of photovoltaic systems and solar water heaters, whilst safeguarding our environment. You may also eligible to benefit from the grant amount of up to €2,300 and PV Feed-in-Tariff of 15c5 for the first six years.
The BOV ECO Loan – Special Scheme requires no security and can be used for purchases between €1,000 and €15,000.
To apply for the BOV ECO Loan – Special Scheme, you will require:
The BOV ECO Loan – Special Scheme makes green financing pay by offering you:An unsecured facility for €1,000 to €15,000 – no down payment required.
In addition, you may benefit from the following:
The BOV Eco Loan – Special Scheme is not subject to a processing fee whilst interest on the loan is paid by retailers participating under this scheme. The Bank, however, reserves the right to charge penalty interest of 6.7% per annum and/or fees to customer if loan is not being repaid in line with the Sanction Letter regulating the loan issued under this scheme. Whilst loans under the scheme are normally issued on unsecured basis, the Bank reserves the right to request collateral if customer’s sole income is from pension, if the term of loan exceeds customer’s age of 65 years or if a secondary source of repayment is warranted.
All loans are subject to normal bank lending criteria and final approval from your BOV Branch. Terms & Conditions apply.
To be eligible to apply for a loan under this scheme, purchase of PVs or Solar Water Heaters is to be effected from one of the retailers participating under the BOV ECO Loan – Special Scheme.
Then, choose your next step from the options available below: