Lending / Consumer Vehicle Loan

Consumer Vehicle Loan

  • Current employed customers in need of purchasing a motor vehicle for private use and domestic purposes. To apply for this loan product, customer will need to apply directly with our panel of approved motor dealers.
  • BSP Finance offers competitive rates to approved applicants. Terms and Conditions apply.
Who can borrow?

Personal customer who generates an income through salary employment, investments, sole proprietors, and business owners who would like to purchase a vehicle for private use.

Features:
Description Features 
Minimum Loan Amount PGK20, 000
 Term Term of the loan commensurate with the loan purpose Indicative terms are:
  • Purchase new car or used car (vehicle not older than 15 years on completion of the loan).
  • Maximum term of 5 years.
Requirements
  • Minimum of 2x Valid IDs.1
  • Applicant must be above 18 years of age.
  • 3x Recent Pay slips.
  • Last three months bank statements from salary/income account.
  • Motor vehicle quote from an accredited dealer.
  • Motor vehicle insurance quote.
  • Details of other loans or credit accounts.
  • Current Employment Confirmation Letter to confirm minimum 12 month service.
Accredited Dealers
  • Ela Motors
  • Boroko Motors
  • PNG Motors
  • Niu Ford
  • Wheels PNG
  • Freeway Motors
  • 2Fast Motors
  • Port Moresby Motors

Footnote:
1. Driver's License/ Passport/ National ID Card.
* BSP Finance (PNG) Limited Lending Criteria.

Terms and conditions apply.

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