Consumer Loan

A Consumer Loan is a fixed term loan repayable in regular installments covering principal and interest to fund motor vehicles. The product is available to salary and wage earners in Solomon Islands in need of purchasing motor vehicles for private use ONLY through the recognised dealerships

Finance

• Minimum $50,000.00
• Maximum $500,000.00

Term

• From 6 months - 60 months
• The term of the loan will be dependent on the employment contract of the customer

Customer Contribution and Security

• 30% contribution of the Asset's overall value plus fees
• Existing Moveable Asset can be used as collateral

Repayment

• Loan repayments are made in arrears and will cover principal and interest fully repay the loan over the required term

Interest Rates

• 17% internet rate is fixed for the term of the loan

Benefits

• Competitive interest rates and flexible terms offered
• Improves company cash flow
• Speed of approval turnaround and documentation
• Enables financing of income producing assets to improve business profitability