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 Category

    Contribution

    Term of Loan

    Brand New Motor Vehicle

    10%

    (of purchase price)

    5 years

    (maximum)

    Unregistered Second Hand Motor Vehicle less than 10yrs from date of manufacture

    10%

    (of purchase price)

    5 years

    (maximum)

    Second Hand Motor Vehicle less than 5yrs from date of manufacture

    20%

    (of purchase price)

    4 years

    (maximum)

    Second Hand Motor Vehicle more than 5yrs but less than 10yrs from date of manufacture

    30%

    (of purchase price)

    4 years

    (maximum)

 

Benefits

  • Credit decision within 24 hours.
  • In-house insurance arrangements available.
  • Upto 90% financing of new vehicles.
  • 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.

 

Interest Rates Fees and Charges Brochure
Refer to Great Rates Refer to Lending and Credit Card Fees & Charges Motor Vehicle Loan

 

For more information, please call BSP Customer Care Centre on 132 888 or (679) 3214 300 or send your query through the Contact Us page.