BOV loans go eco-friendly

In a bid to drive awareness on the importance of safeguarding the planet from the ever-increasing threat to the environment, Bank of Valletta is shedding a spotlight on its existing suite of Eco Financing Solutions, which fall under three categories: Personal Energy Loan, Home Energy Loan and Business Energy Loan products.

All these solutions are being offered at a fixed subsidy of 2.5 per cent per annum on the interest rate for the first 10 years of the loan. This means that if the current variable interest rates remain unchanged, during this period, the Personal Energy Loan and the Home Energy Loan will be offered interest free.

All energy loans come with an extended loan term, with the waiving of processing fees and early repayment fees as additional benefits. Customers opting for a Personal Energy Loan do not even require making any contributions or placing any security or collateral.

The bank already stepped up its efforts within the ESG framework and embarked on a number of environmental initiatives to reduce its carbon footprint, while performing day-to-day business activity. The focus now shifts to both personal and business customers seeking financing options, to do the...