THE process of getting a car loan can be tough and with today’s competitive environment, consumers are spoilt for choice. That’s why at BSP, our priority is to make buying a new or second-hand car as easy and as seamless as possible for our valued customers.
Whenever a customer enters a BSP branch seeking a loan, they will be guided by our highly trained and experienced Personal Bankers. Once they take that first loan, their Personal Banker becomes their “go to” person for any further loans with BSP, including a car loan.
BSP personal bankers have nurtured banking relationships with individuals from their first job through to eventually growing their wealth with an asset such as a home, piece of land or a motor vehicle.
BSP strives to offer real banking solutions for their customers through tailor-made car loan offers that suit their lifestyle. While we require a minimum of ten per cent contribution to be able to finance a new car, each customer profile with the bank will further determine any relaxation to these requirements.
Decisions are made in good faith and customers have stayed with us for these reasons and more. BSP loan customers benefit from a joint borrower option in-house insurance arrangements, quick credit decisions and above all, help from their personal banker every step of the way.
At BSP, customer guidelines depending on the car they choose to buy are as follows:
* Brand new vehicle — customers contribute 10 per cent of the purchase price with a maximum loan term of five years
* Unregistered second-hand motor vehicle less than 10 years from date of manufacture — customers contribute 10 per cent of the purchase price with a maximum loan term of five years
* Second-hand motor vehicle less than five years from date of manufacture — customers contribute 20 per cent of the purchase price with a maximum loan term of four years
* Second-hand motor vehicle more than five years but less than 10 years from date of manufacture — customers contribute 30 per cent of the purchase price with a maximum loan term of four years
To qualify for a BSP car loan, you must have your wages or salary directed to your BSP account, be above 18 years of age, have a clear Data Bureau record and demonstrate ability to repay your debt. For more information, please call 132 888 or visit www.bsp.com.fj.
