BOV BUSINESS LOANS

BOV SME Invest

Get the investment you need to thrive with the BOV SME Invest loan. Ideal for startups and SMEs looking to expand their market.

Receive up to €1,000,000 to strengthen your business

Borrow between €10,000 and €1,000,000 to invest in your new business venture or to revamp or optimise your current business model.

Pay a reduced interest rate for easy repayment

Pay a variable interest rate of 3% p.a, for a more affordable way to pay back your loan.

Get reduced collateral for maximum investment

Get an average reduction of 80% in extendable security, through the Malta Development Bank (MDB) guarantee.

Loan details

What does this loan include?

Receive a loan between €10,000 and €1,000,000

Maximum loan term of 10 years

Variable interest rate of 3%

Minimum upfront contribution of 10%

Feature	Details
Eligibility	SMEs operating in Malta.
Loan	Minimum: €10,000 per group/relationship Maximum: €1,000,000 per group/relationship (These are subject to our lending criteria)
Interest rate	Variable final interest rate of 3% (0.85% margin over Bank Base Rate of 2.15%)
Upfront contribution	A minimum upfront and direct contribution towards the project of 10% is compulsory.
Loan repayment term	A minimum term of 1 years and a maximum of 10 years (inclusive of any moratorium period). The term of the loan shall not extend beyond the economic useful life of the asset being acquired.
Fees	MDB Guarantee fee of 0.8% of the facility amount charged separately from interest on a quarterly basis Advances Processing Fees Renewal Fees Commitment Fee 0.5% (undrawn amounts after 6 months) No management fees
Collateral	MDB guarantee for 80% of each individual loan amount. The remaining 20% is covered by extendible collateral.The extendible security requested by the bank on the loan may increase or decrease according to the risk profile of the proposal.
Note	All loans are subject to normal bank lending criteria, credit approval by the bank and a credit agreement. Further terms and conditions are available at www.bov.com