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Following a recent update of its BOV Eco Loan, Bank of Valletta has made green financing broader.

The BOV Eco Loan can now also be used to finance the purchase of new motor vehicles, as long as their CO2 emission levels are below 100g/km or 130g/km, where the applicant is concurrently scrapping another motor vehicle under the Government Car Scrappage scheme. One may also apply for this loan to purchase motorcycles, electric or hybrid motor vehicles, or to convert motor vehicles to run on autogas.

The BOV Eco Loan is aligned with the bank’s corporate responsibility, through which it seeks not only to adopt environmentally-friendly practices itself, but also to encourage and reward customers who make environmentally-friendly choices.

BOV Eco Loan financing can be obtained for amounts starting from €500 up to a maximum of €40,000. Generally, the repayment term is of seven years, however, it may be extended to eight years for loans granted to purchase motor vehicles with low CO2 emission levels, electric cars or hybrid cars. The BOV Eco Loan also features a discounted interest margin and carries no processing fees.

Further information regarding the BOV Eco Loan as well as the relative terms and conditions are available from bov.com. One may also call at any BOV branch or contact BOV Customer Service Centre on T: 2131 2020.

Bank of Valletta p.l.c. is a publicly limited company licenced to conduct banking and investment services business by the Malta Financial Services Authority.

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