BSP Financial Group Ltd (BSP) has introduced its new housing loan offer for its customers which features a new one-year fixed interest rate of 4.10 per cent per annum and a two-year fixed rate of 4.90 per cent per year.
BSP Fiji country head Haroon Ali said they were pleased to introduce their new interest rates for home loans and residential investment properties.
“These revised rates provide opportunities for wealth creation, whether it’s for a first-home or an investment property.
“Moreover, the construction of new homes facilitated by lower cost of borrowing will stimulate economic activities in the real estate sector,” said Mr Ali.
“As Fiji’s largest banking network with branches throughout the country, all prospecting home owners can count on our highly trained staff to support them through their loan application process.
“Each branch has a dedicated loans department and here in Suva, we have opened a Home Loan Centre on the ground floor of the BSP Suva Central Building for customers who wish to avoid queues.”
The bank shared that it will also introduce a new oneyear fixed rate of 4.5 per cent per annum for its personal property investment home loan to cater for property investors.
As a further benefit to housing loan customers from 1 August, 2023, BSP will introduce a new variable interest rate of 6.45 per cent p.a. for housing loans and 7.25 per cent p.a. for personal property investment loans.
