Bank of Valletta is a principal sponsor of the Valletta Boat Show that is being held for the first time at the Yacht Marina of the Grand Hotel Excelsior between 27 and 30 September.

Throughout this prestigious boat show, Bank of Valletta will be present with a stand where visitors may obtain information on the BOV Boat & Yacht Finance – a package which offers customers a fast and flexible solution to finance boat or yacht purchase. During the Boat Show, and until the end of December 2007, approved loans will benefit from a discount on interest rates, together with 50% discount on processing fees.

Speaking about BOV’s participation at the show Alan Micallef, Head Consumer Lending at Bank of Valletta said, “Through BOV Boat & Yacht Finance, customers can borrow up to 80% of the valuation or cost of the yacht. Customers can borrow a minimum amount of Lm25,000 (€58,234.33) and have no maximum borrowing limit. The loan is repayable by monthly instalments, and the amount customers pay each month is determined by the sum they borrow, the selected term and the applicable rate of interest.”

The BOV Boat & Yacht Finance has a repayment programme that can be customised to suit customers’ income and monthly budget. Repayments can be spread over a period of 10 years for loans up to Lm100,000 (€232,937.33), or up to 12 years for loans in excess of Lm100,000 (€232,937.33).

Bank of Valletta offers a comprehensive range of products in this area. These include the BOV Personal Loan which caters for loan requests of lesser amounts, and the BOV Personal Loan+ through which customers may tap the value of their property to borrow up to Lm50,000 (€116,468.67). Customers wishing to obtain more information about the BOV Boat & Yacht Finance may visit the BOV stand during the Valletta Boat Show.

Loans are subject to normal bank lending criteria and final approval from your BOV branch. Terms and conditions apply. The term of the loan must not go beyond retirement age.