Bank of Valletta announced a special offer on its HomeFirst and HomePlus offerings. This offer, which is valid until the 30th June, will see the interest rate reduced on both loan products.
The interest rate for the HomeFirst is now being discounted to 3.00% for loan amounts up to €350,000. The same offer is being applied to the HomePlus Package. In the latter case, where the value of the loan is greater than €350,000, the applicable interest rate is of 3.15%.
Speaking about this initiative, Edward Grech, Chief Officer Consumer Finance at Bank of Valletta, explained, "This special offer on the bank's main Home Loan products comes only a few weeks after a similar special offer was launched on the BOV Personal Loan. These offerings bear witness to the fact that at Bank of Valletta, we actively seek to design and modify financial solutions that address our customers' circumstances at particular life stages. This special offer is in response to feedback we receive from the market through research we conduct with our customers on a regular basis." Mr Grech went on to explain that the bank's current practice of a fixed interest of 1.99% for the first twelve months for loans up to €350,000 remains valid.
The HomeFirst is addressed to individuals or couples taking up their first mortgage with the bank. For customers seeking a mortgage to purchase their second home, the HomePlus package applies.
Anyone who is interested in learning more about this offer may visit the bank's website www.bov.com, from where they may also use the Home Loan Calculator. Alternatively one may contact the bank's Customer Service Centre on 2131 2020 or visit any BOV branch.