The BSP School Fee Loan package is developed in a way that is convenient and budget friendly to help take the burden off families.
As an incentive to plan ahead, BSP has included an early bird special pack for every School Fee Loan approved prior to February 12th. BSP will give away a FREE back to school pack to every eligible customer consisting of; Backpack, Pencil Case, Ruler Set and Water Bottle.
With just over three weeks left before the Early Bird special period ends, customers are encouraged to submit their loan application early in order to be eligible to receive the free School Pack.
To apply, the following documentation is needed:
- Confirmation letter of employment signed by most current employer
- Last three pay slips
- Copy of Superfund statement or current Drivers license
- Completed and signed loan application form and
- Confirmation of student enrolment/continuity
Pre-approved Loans to existing School Fee Loan customers was introduced this year and is a process that rewards
customers who have a good credit history with nil arrears and have paid off or about to pay off their 2010 school fee
loan, with a faster loan approval process.
Eligible customers were issued an invitation letter from BSP to borrow the same amount as last year or a maximum
of 10% increase on the previous loan amount. This offer is valid until April 30th. 2011 Application conditions include;
- Recently dated letter of confirmation of employment from employer
One recently dated pay slip
Quotation or letter of continuity from the School
Completed and signed loan application
- Letter of invitation from BSP signed by the Branch Head
BSP branch staff will be available to assist in processing school fee loan applications with selected branches to open on Saturdays from 9am to 1pm on the following dates:
- 29th January, 2011
- 5th February, 2011
- 12th February, 2011
- 19th February, 2011
- 26th February, 2011.
For more information on how to apply, plus loan terms and conditions, talk to your local BSP Branch staff, call 1801212 or visit the BSP website www.bsp.com.pg to download an application form.