Motor Vehicle Loan
Ready for a new ride or just that practical car for your daily commute?
Boost your buying power with a Motor Vehicle loan that suits you. Talk to us about that brand-new or second-hand vehicle today.
Why choose a BSP Motor Vehicle Loan?
- We understand your need for mobility: We’ve made it simple for you to apply and get quick credit decisions.
- We are here when you need us: Talk to any Personal Banker at any branch, nationwide, or call our 24/7 Customer Service Centre on 132 888 or +679 331 4400 for assistance, anytime and from anywhere.
- Strength of Fiji’s Top Bank: Enjoy the confidence of being connected with Fiji‘s largest banking network and No.1 Bank for loans.
- Access to Digital Banking technology: Joining BSP means gaining access to 24/7 state of the art digital banking services such as Internet Banking, App Banking, SMS Banking and the most recent enhancement, Internet Payment Gateway.
How to apply for a BSP Motor Vehicle Loan?
Once you have confirmed your interest in a BSP Motor Vehicle Loan, please complete and submit your car loan application form with the following documents attached:
- Your latest pay slip
- Employment confirmation letter
- Quotation of vehicle
- Copy of the ACCF (third party) – for second hand vehicles
- Land Transport Authority search – for second hand vehicles
- Sale note – for pre-owned vehicles
Motor Vehicle Loan Features
- No minimum borrowing limit.
- Quarterly account statements issued on the anniversary of the account opening date.
- Loan repayments through direct deductions from borrowers’ BSP salary account.
- A joint borrowers' option also available.
- Refer to Motor Vehicle Loan terms below and related contribution requirements. For existing Home Loan customers, talk to your Personal Banker to confirm your required contribution.
|
Motor Vehicle Loan Category |
Contribution |
Term |
|
Brand new car |
10% of purchase price |
5 years |
|
Unregistered imported hybrid second hand car less than 10 years from date of manufacture |
20% of purchase price |
3 years |
|
Unregistered imported liquefied petroleum gas (LPG) second hand car less than 10 years from date of manufacture |
40% of purchase price |
3 years |
|
Second hand car less than 5 years from date of manufacture |
20% of purchase price |
4 years |
|
Second hand car from 5 to less than 10 years from date of manufacture |
30% of purchase price |
4 years |
We look forward to serving you soon!