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Fiji Time: 10:42 PM on Thursday 17 April

/ Front page / Business

BSP reduces loan rates

Timoci Vula
Monday, November 19, 2012

FROM today, new home buyers with Bank of the South Pacific's financing should benefit from an improved easy home loan package.

The bank announced the reduction last Friday to its fixed home loan interest rate again to demonstrate its long standing commitment to the people of Fiji.

A statement said customers would enjoy Fiji's lowest fixed home loan interest rate of 3.95 per cent for six months, a one-year fixed interest rate of 4.5 per cent, two-year fixed interest rate of 5.45 per cent and a variable interest rate of 6.25 per cent.

It said customers would receive a three-month waiver on house and content insurance premiums.

"Our customers stand to gain from this improvement in the home loan package," said BSP country manager Kevin McCarthy. "BSP has established itself as a versatile institution continually looking to improve all our products and rates for the benefit of our customers."