Bank of Valletta has introduced a three-year fixed interest rate home loan for first time buyers.

This is a well-timed product in the current low interest rate market scenario that guarantees a fixed rate for the first three years of the home loan contract. In addition, the Bank will waive all its processing fees whilst also offering a 50% reduction in the Bank’s legal fees.

“This is a product that caters for today’s exigencies when interest rates are at all-time low and earmarked to assist further the first time buyers in one of their important milestones in their lives ” said Albert Frendo, Chief Officer Credit at Bank of Valletta. “This limited offer forms part of a suite of products earmarked to assist all of our customers in the different stages of their lives to acquire their home that fits to their life style patterns and affordability levels.”

The BOV three-year fixed interest rate first time buyers Home Loan is a limited offer for home loans not exceeding €100,000. The advantageous initial fixed rate will be applied for the first three years from contract date. Thereafter the loan will be converted to a variable interest rate home loan applied for the remaining term of the home loan.

Further information can be obtained from any BOV branch, the Bank’s website www.bov.com or through the Bank’s Customer Service Centre on 2131 2020

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