Fees paid directly to your school
Quick turn around, with minimal documents required
Quick turn around, with minimal documents required
The Education Loan lets you borrow up to K20,000 to pay your school fees, including school expenses and application fee.
The BSP Education Loan offers a simple and accessible way for parents and students to cover tuition fees up to K20,000 and other school-related costs like books and transport. With a digital application process and minimal paperwork, repayments can be made fortnightly or monthly over a 12-month period. Funds are paid directly to schools, ensuring they’re used appropriately.
Complete the application form and submit to this email address educationloan@bsp.com.pg
| Product | Interest Rate | Structure | Application Fee |
| Education Loan | 21.99% pa | Fixed | K250 |
| Personal Loan – Existing | 26% pa | Fixed | K1,000 – K2,000 = K300
K2,001 – K5,000 = K350 K5,001 – K10,000 = K450 K10,001 – K20,000 = K550 >K20,001 = K700 |
| Personal Loan – New & Debt Consolidation | 35% pa | Fixed | |
| Housing Loan | 5.5% pa | Variable | K600 |
| First Home Ownership Scheme | 4.0% pa | Variable | K600 |
| Personal Property Investment Loan | 8.75% pa | Variable | 1% principal |
| Personal Asset Loan | 15.5% pa | Variable | 1.5% of principle |
* Default rate is 5% pa in addition to the interest rate applied on overdue amount
** Interest is calculated on a reducing balance b, and based on a 365/366-day year
*** Insurance, valuation, and registration fees are third-party vendor charges and do not constitute costs charged by BSP.
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