This is the ideal product for those looking to buy, renovate, construct or refinance an investment property from another financial institution.
- Term of loan - Up to 25 years depending on retirement age.
- Contribution* - Minimum of 30%* of purchase price of property, plus bank fee, insurance and legal costs.
- Fixed and variable interest rates available.
- Account statement issued every quarter on the anniversary of the account opening date.
- An authority to the bank to make direct deductions from your salary account to your loan account.
- A joint borrowers' option is available.
- Term of loan - Up to 7 years and construction within 3 years.
- Contribution - Minimum of 30%* of purchase price of property, plus bank fee, insurance and legal costs.
- Interest rate is variable rate only.
- Credit decision within 48 hours.
- In-house insurance arrangements available.
- Competitive interest rates.
- Up to 70% financing of purchase or valuation price of property, whichever is lower.
- You are entitled to a MasterCard limit of $1,000 upon approval*.
- Account details may be viewed through your internet banking access*.
Loan Application Requirements
- You must be 21 years of age or over.
- You must demonstrate the ability to repay debt.
- Your salary must be directed to your BSP account.
*Conditions apply, please view brochure link below for more details.
For more information, please call BSP Customer Care Centre on 132 888 or (679) 3214 300 or send your query through the Contact Us page.