Bank of Valletta reports increasing demand for motor financing

Bank of Valletta reports that over the past months, applications for financing, particularly in relation to motor vehicles, are on the increase.

This was confirmed by Alan Micallef, Head Consumer Finance. “At Bank of Valletta, we continuously improve our financing package to ensure that it fits customer demands.”

This commitment by the bank is evident within the BOV Motor Loan offering. “Among the benefits included, the bank offers a very competitive interest rate of 4.99% and loan term extended over a period of seven years.”

Bank of Valletta has also improved upon its consumer financing offering further by introducing free life cover on all new consumer loans, including motor loans. Furthermore, the bank extended the scope of its BOV ECO Personal Loan so that it can also be used to finance purchase of electric, hybrid and energy efficient vehicles. Customers eligible to apply for this facility receive further improved conditions on their financing.

“At Bank of Valletta, we invest significantly in understanding market needs. This enables us to offer products and services that address the individual customer’s particular circumstances at any given point in time,” explained Alan Micallef. “We appreciate that timeliness is another critical variable, therefore we are committed to inform our customers of their eligibility to obtain personal financing within 24 hours from receiving all the documentation required.”

“BOV customers also benefit from easy accessibility to view and manage their portfolio, including loan accounts, through our internet and mobile banking channels. This enables our customers to have a clear and updated picture of their financial situations whenever they needs to.”

Anyone interested in learning more about the BOV Motor Loan may contact BOV Customer Service Centre on 2131 2020 or customercare@bov.com. Further information is also available on the bank’s portal bov.com.