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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 Motor Loan
Buying the car or motorcycle of your dreams has now become more affordable. 
Additional benefits apply when taking a loan to finance the purchase of motor cycles and eco-friendly motor vehicles. Click here for more information about the BOV ECO Personal Loan 
Overview
Benefits
Terms & Conditions
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With a BOV Motor Loan, you can realise your driving ambition and own that vehicle you’ve been dreaming of. Once you find the vehicle of your choice, speak to us so we can help you with the right motor finance option.

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

Amount borrowed 

We can offer you a BOV Motor Loan starting from €1,000 up to €40,000, with advantageous repayment options. 

Repayments generally span up to a maximum period of 5 or 7 years. The present offer permits loan amounts of €7,000 or higher to extend the maximum term up to 7 years, provided that:
  • term of the loan is in line with the purpose of the loan and the expected life of the asset being financed
  • term of the loan does not go beyond borrower's retirement age.

Repayment Terms

Motor loans are repayable by monthly instalments. The amount you pay every month is determined by
  • the sum you borrow,
  • the selected term and 
  • the applicable rate of interest.
If 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

There is a one-time processing fee of 0.3% of the loan amount (minimum €50).  There are no other hidden fees or extra costs. 

Qualifying for the loan

To apply for BOV Motor Loan, we require that:
  • you are over 18 years of age 
  • you are in regular full-time employment
We shall ask you to provide us with formal confirmation of income and expenditure. As evidence of income, it will be useful to have your recent payslips together with your FS3s or Profit & Loss Accounts together with the Inland Revenue income and self-assessment form submitted to the Inland Revenue.

Your proof of identity is always necessary when contacting the Bank. 


 A BOV Motor Loan means all this:

  • a fast and flexible solution to obtain finance for your dream car or motorcycle; 
  • an unsecured loan of up to €40,000; or a secured loan that would enable you to benefit from a discounted interest rate;
  • full finance for your motor vehicle;
  • 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:

  • Loan term that may be extended up to 7 years for loan amounts of €7,000 or over
  • Free Life Cover 
Loan Repayment

Motor loans are repayable by monthly instalments. The amount you pay every month is determined by the sum you borrow, the selected term and the applicable rate of interest. If 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.

Click here for the current Consumer Lending Bank Base Rate**
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If you want more details about the BOV Motor Loan, you may click on the Live Help. One of our representatives will be able to help you immediately.

Click here to apply online

Alternatively, 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 at the top (right hand corner) and submit your query and contact details. We shall contact you as soon as possible
  • visit the BOV Branch of your choice.


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BOV Motor Loan - Product Info Guide
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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).