Home green home
Making a home more sustainable, besides being environmentally friendly, is a smart way to save money. Bank of Valletta has partnered with the European Investment Fund to launch the BOV HomeEnergy Loan to assist new and existing home-owners to finance Energy Efficiency and Renewable Energy (EERE) projects. The BOV HomeEnergy Loan is available either as part of a new Home Loan, or on its own for existing home-owners, and can be used to finance Energy Efficient investments such as improving insulation and apertures, the installation or replacement of space and water heating, cooling and ventilation systems, lighting, building and energy management systems as well as renewable energy investments related to the connection to the energy grid or energy storage facilities among others. Customers can apply for a HomeEnergy Loan up to €100,000 for a maximum term of 25 or 40 years (term not exceeding retirement age) and can enjoy a number of benefits such as waived mortgages processing fees on the HomeEnergy Loan, no early repayment fees, and a variable interest rate of 0 per cent over the bank’s base rate (currently at 2.15 per cent) which is being subsidised by two per cent for the...