Buying the car or motorcycle of your dreams has now become more affordable. The BOV Motor Loan provides best value and affordable, customised solutions designed to satisfy your financing requirements to fulfil your private transportation requirements.
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.
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 You can borrow any amount from €1,000 to €40,000. The BOV Motor Loan may be granted without any down payment required from customer and BOV will fully finance the purchase.
The loan is 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.
Repayments generally span up to a maximum period of 7 years. For loans amounts of €10,000 or over, the maximum term may be extended up to 8 years.
There is a one-time processing fee, presently discounted, of 0.15% (min €25). No other hidden fees or extra costs are applied.
A BOV Motor Loan means all this:
Apply now and you’ll benefit from:
Loan Repayment Motor loans are repayable by monthly instalments. The amount you pay every month is to be in line with your income and is determined by:
Repayments generally span up to a maximum period of 7 years. For loans amounts of €10,000 or over, the maximum term may be extended up to 8 years, provided that the term of loan:
Other Terms & Conditions
Loans are subject to normal Bank lending criteria and final approval from your BOV Branch.
Direct Credit of Salary or Income to BOV account is required.
Discounted rates and/or special conditions offered by the Bank under this product are always subject to the account being operated properly and the repayments effected regularly as agreed. Terms and conditions apply.
The Consumer Lending Bank Base Rate, (CLBBR) is the basis, established by the bank from time to time, on which the rate of interest payable generally on all bank consumer lending is determined.
Click here for the current Consumer Lending Bank Base Rate.
Qualifying for the loan
To apply for BOV Motor Loan, we require that:
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.
Interested? If you want more details about the BOV Motor Loan, you may