BSP is ready to assist you with purchasing any new or used (reconditioned) vehicles. New vehicles are showroom vehicles where Fiji is the country of first registration.
Features
There is no minimum borrowing limit.
The account statement is issued every quarter on the anniversary of the account opening date.
Periodical payments will be set up to make direct deductions from your salary account to your loan account.
A joint borrowers’ option is available.
Contribution:
Brand new motor vehicle
Contribution: 10 per cent (of purchase price)
Term of Loan: Five years (maximum)
Unregistered second-hand motor vehicle less than 10 yrs from date of manufacture
Contribution: 10 per cent (of purchase price).
Term of Loan: Five years Second-hand motor vehicle less than five yrs from date of manufacture.
Contribution: 20 per cent (of purchase price).
Term of Loan: Four years (maximum)
Second-hand motor vehicle more than five yrs but less than 10 yrs from date of manufacture.
Contribution: 30 per cent (of purchase price).
Term of Loan: Four years (maximum).
Benefits:
Credit decision within 24- hours.
In-house insurance arrangements available.
Up to 90 per cent financing of new vehicles.
Account details may be viewed through your internet banking access.
Application requirements:
You must be 21 years of age and over.
You must demonstrate the ability to repay debt.
Your salary must be directed to your BSP account.
