BSP Introduces New Housing Loan Interest Rates.
BSP Financial Group Limited (BSP) has announced that it will introduce new competitive housing loan interest rates to assist Fijians own a family house or acquire residential investment properties. The new rates are as follows:
|
|
Current Rate |
New Rate |
Effective Date |
|
Housing Loan (owner occupied)
|
1yr fixed rate: 4.95% |
1yr fixed rate: 4.10% |
1 July 2023 |
|
2yr fixed rate: 5.45% |
2yr fixed rate: 4.90% |
1 July 2023 |
|
|
Variable rate: 6.50% |
Variable rate: 6.45% |
1 August 2023 |
|
|
Residential Investment Property Loan (earning rental income)
|
1yr fixed rate: 5.20% |
1yr fixed rate: 4.50% |
1 July 2023 |
|
Variable rate: 7.70% |
Variable rate: 7.25% |
1 August 2023 |
BSP Fiji Country Head Haroon Ali said, "We are pleased to introduce our new interest rates for home loans and residential investment properties that will help customers realise their dreams to own their own residential properties. These revised rates provide opportunities for wealth creation, whether it's for a first-home or an investment property. Moreover, the construction of new homes facilitated by lower cost of borrowing will stimulate economic activities in the real estate sector”.
BSP’s Home Loan service also includes the following customer benefits:
- Personalised assistance: Each Home Loan customer will be assisted by our friendly staff who will help make the home loan process hassle free. We also have a team of Mobile Lenders who are available to assist customers with their Home Loan requirements at a mutually agreed time on any day of the week.
- Competitive interest rates: These new rates which make home ownership more affordable, also complement BSP’s wide array of branch banking services, 24/7 Customer Care Centre and state of the art digital banking services.
- Quick credit decision: Customers receive a decision within 48 hours of lodging a complete application.
- No monthly service fee: There are no monthly service fees, making it a more attractive option for customers.
“As Fiji’s largest banking network with branches throughout the country, all prospecting home owners can count on our highly trained staff to support them through their loan application process. Each branch has a dedicated loans department and here in Suva, we have opened a Home Loan Centre on the ground floor of the BSP Suva Central Building for customers who wish to avoid queues”, added Mr Ali.
For more information, contact a Mobile Lender listed on our website via www.bsp.com.fj, visit any BSP branch, email bula@bsp.com.fj, call 132 888 (locally) or +679 3214 300 (from overseas).