What is a Consumer Vehicle Loan?
A Consumer Vehicle Loan is a fixed term loan repayable in regular instalments covering principal and interest.
Who are we targeting?
Employed customers in need of purchasing motor vehicle for private use referred directly by recognised dealerships only.
|Minimum Loan Amount||PGK20, 000|
|Maximum Loan Amount||PGK180, 000|
|Term||Term of the loan commensurate with the loan purpose Indicative terms are:
|Equity||Evidence of 20% equity is required.|
|Security||An acceptable vehicle security from an authorised and licensed motor vehicle dealer must be provided.|
- Minimum of 2x Valid IDs.1
- Applicant must be above 18 years of age.
- 3x Recent Pay slips.
- Last three months bank statement.
- Motor vehicle quote from dealers.
- Details of other loans or credit accounts.
- Current Employment Confirmation Letter to confirm minimum 12 month service.
- Must have a salary account with BSP.
1. Driver's License/ Passport/ National ID Card.
* BSP Finance (PNG) Limited Lending Criteria.
Terms and conditions apply.