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BOV Personal Financing
Do you need financing? Whether it is to buy a car, a home or finance your studies, we at BOV can help you. Find out how.
BOV Educational Loan

At BOV we strongly believe that education is key to a person’s success, so much that we can assist in the financing of educational courses at any registered and accredited Educational Institution, including private schools, colleges and universities, both locally and abroad.

Find out more about the BOV Education Loan.

 

 


Overview
Benefits
Terms & Conditions
Apply Now

The BOV Education Loan is available to parents/legal guardians wishing to enrol their children and/or students wishing to enrol for educational courses in any registered Education Institution. The BOV Education Loan is accessible to all full-time and part-time students who are not eligible to apply under the BOV Club scheme or the BOV Graduates Package.

Here is an overview of main features of the BOV Education Loan :

Amount borrowed
You can borrow any amount from €1,000 to €20,000 to finance school tuition fees and/or further education.  The BOV Education Loan may be granted without any security.  Repayments generally span over a maximum period of 5 years.  For loan amounts of €10,000 or over, the maximum term may be extended up to 7 years, provided that the term of the loan does not go beyond the borrower's retirement age.

Processing Fees
A one-time processing fee of 0.3% of loan amount (minimum €50) is attached to this product. There are no hidden fees or any other extra costs. 


Applying for the loan
To apply for the BOV Education Loan, you need to be:

  • over 18 years of age, and
  • in regular full-time employment, or in receipt of a regular stipend

We will ask you to provide us with a formal confirmation of your income and expenditure.  As evidence of income, we will request copies of your latest three payslips and FS3 for the previous year.  If you are self-employed, we will request copies of your Profit and Loss Accounts and Tax Statements issued by the Inland Revenue Department for the last two years.  If you are still a student in receipt of a stipend, we will request confirmation of such income from the relative institution.  Your proof of identity is always required when contacting the Bank.  At application stage, you will also need to present a pro-forma invoice issued by the education institution confirming the total cost involved.


  A BOV Education Loan means all this:

  • a fast and flexible solution to obtain finance for your studies at any registered educational institution 
  • an unsecured loan of up to €20,000
  • full finance for your studies 
  • you may pay off the loan at any time with no early repayment fee
  • administer and monitor your account by means of BOV 24X7 Services

Apply now and you’ll benefit from:

  • Term of loan may be extended up to 7 years for loan amounts of €10,000 or over (subject to terms and conditions)
  • Free Life Cover


Applications for students who are under 18 years of age are to be made by their parents or legal guardian, whilst applications by married students are to be made jointly with their spouses.  Repayments are to be effected by a monthly standing order.  Discounted rates and / or special conditions offered by the Bank under this scheme are always subject to the account being operated properly and the repayments effected regularly as agreed.  The loan will be repaid by monthly instalments which will be inclusive of interest.  

Loans are subject to normal Bank lending criteria and final approval from your BOV Branch.  Terms and conditions apply.  The term of the loan must not go beyond retirement age. 

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Interested?
Do you want to learn more about the BOV Education Loan? Then click on the ‘Live Help’.  One of our representatives will be able to help you immediately.

You can also choose your next step from the options available below:
• visit the BOV branch of your choice to receive a personalised 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 and submit your query and contact details. We’ll contact you as soon as possible
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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).