Issue link: https://maltatoday.uberflip.com/i/1502330
36 | Architecture & Design can your Loan make maLta greener? C limate change is probably the greatest global emergency of our times and we are all being called for action in favour of a more sustainable earth. Switching to green energy is one way of how consumers and businesses alike, can reduce their carbon footprint and their negative impact on the planet. One solution can be investing in renewable and efficient energy solutions. Making our lifestyle, homes and businesses environment-friendly may require an initial expense however it may also make financial sense subject to you choosing the right financing solution. To assist in the transition to a green economy, Bank of Valletta has launched three low-cost energy loans for personal customers, homeowners / buyers and businesses. • The BOV Personal Energy Loan is targeted at consumers who would like to invest in PV panels, solar water collectors, space heating and cooling, as well as numerous measures including insulation solutions and EV charging stations. This loan provides financing up to a maximum of €50,000, which can also be taken on an unsecured basis • The BOV Home Energy Loan is ideal for customers who are currently seeking to buy a property and are planning a number of energy efficiency and renewable energy investments to make their home a greener more efficient dwelling. In this case, homeowners can obtain an attractive financing solution up to €100,000 over the term of the home loan. • The BOV Business Energy Loan is a financing scheme that assists enterprises reduce their energy costs, contributing directly to their bottom line. This loan is available for SMEs and Mid-Caps (up to 3,000 employees) and provides financing for energy efficiency solutions as well as other investments, in line with an energy study, such as electric / hybrid car fleets and water efficiency measures, among others. All three energy loans benefit from a guarantee offered by the European Union and the Government of Malta under the Energy Efficiency and Renewable Energy Malta Fund (EERE) permitting the Bank to provide an attractive interest rate and collateral terms. Over and above, the EERE fund provides a 2% interest rate subsidy for the first three years of the above-mentioned loans which will contribute towards improving the payback of your green investment. Unlock your green potential and let BOV help you fund your green investments in a carefully planned and affordable way. Their loan specialists will guide you in choosing the energy loan that is best for you or your business. Simply request an appointment via this online form www.bov.com/Assistants/set-an-appointment or send an email on info@bov.com. For more information call on 2131 2020. More information is available on www.bov.com/ content/bov-personal-energy-loan, https://www. bov.com/content/bov-homeenergy-loan and https:// www.bov.com/content/bov-business-energy-loan. The BOV Personal Energy Loan, the BOV Home Energy Loan and the BOV Business Energy Loan are financially supported by the Energy Efficiency and Renewable Energy Malta Fund (EERE) which is co-financed by the Republic of Malta and the European Union under the European Regional Development Fund (ERDF). The objective of this fund of funds and its first loss guarantee combined with an interest rate subsidy scheme is to support the access of the final recipients for their investments in energy efficiency and renewable energy measures. All loans are subject to normal bank lending criteria and final approval from the Bank. The term of the personal and home energy loans must not go beyond retirement age. Further terms and conditions are available from www.bov.com