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Home > BOV Home Loans more affordable than ever
BOV News Feed
Environment friendly measures at Bank of Valletta
05 June 2020
Easy and secure trading through BOV’s eBrokerage
03 June 2020
More BOV Branches to start operating on Saturdays
02 June 2020
BOV CEO Rick Hunkin elected Chairman of the MBA
29 May 2020
Bank of Valletta offices to open doors for customers
29 May 2020
Bank of Valletta increases its branch opening hours
27 May 2020
List of BOV Branches opening on Saturday 23rd May
21 May 2020
The New Normal – Expectations and Preparations
18 May 2020
Stay Connected with the BOV COVID-19 Webinars
15 May 2020
List of BOV Branches to open on 16 May 2020
14 May 2020
A BOV Mother’s Day Surprise
12 May 2020
BOV Home Loans more affordable than ever
10 Mar 2020
Bank of Valletta has launched super deals on its BOV Home Loans, valid until 31st December 2020. With a fixed interest rate of 0.25% and an APRC of 2.686% for the first year, taking up a home loan has never been more affordable.

Consumers seeking finance for their first or second home, or the completion of their residential property, will now benefit from very low interest rates and better loan terms. Albert Frendo, Chief Credit Officer at Bank of Valletta said, “As Malta’s largest local bank, Bank of Valletta always seeks to support customers to become owners of their home. We have revised our key home loan products in a way that ensures the purchase of the first or second home becomes more affordable with more attractive interest rates. We are happy to be part of our customers’ journey in what could be their most important investment for years to come.”

Bank of Valletta also offers personal loans to help customers furnish their homes or to make them energy efficient.

For information about BOV Home Loans, talk to a BOV home loan specialist. Simply set up an appointment at any BOV Branch by calling on 21312020 or visit your nearest Branch. More information canbe found here.  A number of BOV branches offer longer hours on Thursdays from 3.30 pm till 6 pm, offering more convenience to discuss home loan opportunities.

Representative example of a HomeFirst product based on a loan amount of €250,000 being made available to a first-time buyer at a fixed interest rate of 0.25% p.a. for the first 12 months and a variable interest rate of 2.85% p.a. for the remaining 408 months. The APRC will be 2.71% p.a. The loan will be repayable in 12 equal monthly instalments of €622.09 and 408 equal monthly instalments of €936.59 over a term of 35 years. The total sum payable throughout the term of the loan assuming the variable interest rate remains unchanged will be €390,013.80. The total sum payable throughout the term of the loan if the fixed rate is not available would be €398,071.80. The fixed interest rate may therefore result in savings of up to €8,058.00. This fixed rate will not change during the term of 12 months and is available for a limited period of time. Applicable charges on this loan are as follows - fully refundable processing fee of €750; flat legal fee of €200; no booking fee; updating of searches fee of €20 and a closing of account fee of €100.

Offer may close earlier at Bank’s discretion. All loans are subject to normal bank lending criteria, credit approval by the Bank and a credit agreement.  Security may be requested including mortgage or other comparable security.  The loan is to be secured by a first ranking hypothec and special privilege over the property being financed, a first ranking pledge over a life assurance policy covering the whole loan amount and a buildings insurance policy for the replacement cost of the property being financed. If repayments are not maintained, the bank may take steps to sell the property financed following legal proceedings and the borrower may lose the property. Further terms and conditions are available from www.bov.com. Issued by Bank of Valletta p.l.c., 58, Triq San Żakkarija, Il-Belt Valletta VLT 1130.  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 in terms of the Banking Act (Cap. 371 of the Laws of Malta).
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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).
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