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Home buyer initiative

Filipe Naigulevu
Wednesday, February 07, 2018

A COMMERCIAL bank has implemented an in-house documentation team to assist first home buyers with accessing the Government Grant Scheme to boost their initial contribution for a home loan.

BSP Fiji introduced this under its home buyer initiative, making it easier for its customers in acquiring their first property, whether vacant land, constructing a new home or a ready built home.

The initiative was relaunched last Thursday for the bank's home loan customers with rates 3.95 per cent per annum fixed for six months, 4.5 per cent per annum fixed for 12 months and a variable interest rate of 6.25 per cent per annum.

BSP acting country manager Ravindra Singh said the initiative was part of assisting many first home buyers gain access to either $10,000 or $5000 for constructing or purchasing a home.

"We understand the struggles faced by hardworking individuals and couples who dream of one day owning their own home. This promotion is for them," Mr Singh said in a statement.

While the bank confirmed that the initiative has commenced on a good note, it is valid for a limited time only and comes with additional benefits for customers.

To apply for a BSP EasyHome Loan, applicants must present a recent payslip and an employment confirmation letter to assess their housing loan eligibility after which our highly-trained mortgage specialists will assist them through the process of acquiring their new property.

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