The Bank of Valletta has launched a new personal loan - the BOV high value motor loan. This new product by Bank of Valletta is specifically aimed at customers purchasing high value motor vehicles.

The bank said that with a repayment period of up to of 7 years, the BOV high value motor loan is ideal for customers who would like to own a car costing €20,000 or over.

"Buying a high value motor vehicle is an important decision that has significant financial implications. We are committed to offering our customers a unique banking experience with products that are specifically designed to fulfil their wishes," explained Alan Micallef, Head Consumer Finance at Bank of Valletta.

The BOV high value motor loan is repayable in monthly instalments and the amount paid each month is determined by the sum borrowed and the selected term. Customers who decide to repay the loan before the stipulated term, whether in one lump sum or by increasing monthly instalments, will incur no additional fees.

Further details may be obtained by visiting your local BOV branch, by calling the customer service centre on 2131 2020 or logging on to www.bov.com.

All loans are subject to normal bank lending criteria and final approval from your BOV Branch.