Motor Vehicle Loan
The Motor Vehicle Loan enables you to purchase a new or used (including reconditioned) vehicles.
New vehicles are show room 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
|
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 |
Benefits
- Credit decision within 24 hours.
- In-house insurance arrangements available.
- 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.
*Conditions apply, please view brochure link below for more details.
For more information, please call our BSP Customer Contact Centre on 132 888 or (679) 3214 300 or send your query through the Contact Us page.