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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 Personal Financing

A BOV Personal Loan is all you need to fulfil your dreams. Shaped to suit your needs, the BOV Personal Loan provides affordable, customised solutions, designed to satisfy our purchasing requirements.

The amount you can borrow

You can borrow any amount which is in line with your income and feasibility of repayments.  The BOV Personal Loan requires no security, however, if you can provide collateral for the full loan amount, you may be eligible for a higher loan amount and you may also benefit from reduced interest rates

Repaying your loan

We can organise a loan that is right for you, with a repayment programme that is flexible to suit your income and monthly budget. Best of all, you'll get an approval on your loan, fast.

Whilst the loan is repayable by monthly instalments, the amount you pay each month is determined by the sum you borrow, the selected term and the applicable rate of interest.

Term of Repayment, is subject to Loan Amount and the provided Collateral (if any), and generally spans up over the following loan terms:

Amount you can borrow


On an Unsecured Collateral     
Basis           
                         

On a Partly Secured with
Extendible Value of
50% Collateral Basis           
                

On a Fully Secured Collateral Basis         


  Repayment Term Repayment Term  Repayment Term
 €1,000 to €5,000  5 years  5 years  5 years
 €5,001 to €9,999  8 years  8 years  8 years
 €10,000 or over  10 years  12 years  25 years


The following guidelines apply:

  • term of the loan is to be 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; and
  • the loan will be repaid by monthly instalments which will be inclusive 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.

The loan will be repaid by monthly instalments which will be inclusive 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.

All loans are subject to normal bank lending criteria and final approval from your BOV branch. Customised solutions can also be provided, we are interested to assist subject to the viability of the project.

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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).