THE RIGHT HOME LOAN FOR YOU

in just simple 5 steps
  • 1What Loan are you looking for?
  • 2In what location are you looking to buy?
  • 3How much are you looking to spend?
  • 4How much are you looking to borrow?
  • 5Tell us a bit about yourself
  • =We’ll take care of the rest for you!
BSP Assistant Home Loans Coordinator Niamai Illius handing over keys to Margaret Neme
Hausples.com.pgin partnership withBSP

Financing with BSP & Hausples

Hausples.com.pg and Bank of South Pacific have partnered since 2014 to deliver property seekers with the best finance service.

Whether you are looking to buy your first home, refinance your assets or start a business, Hausples will help you start the application so that when you meet with a BSP representative you’re half way through the process.

Choose the loan type that best suits you

First Home Ownership Loan
  • Be a PNG Citizen and a first home buyer
  • Provide proof & evidence of 10% equity
  • Be an employee of either public service or the private sector and earning a regular income
Home Loan Owner Occupied
  • Buying your first home
  • Renovating / extending your home
  • Refinance that fits
Personal Property Investment Loan
  • You may be able to use the equity in your current home to invest in another property
  • Earn additional income to pay off the home loan
Business Loan
  • Get a loan to supercharge your business
  • Or to start a new business
  • Or to cover unexpected costs
Personal Loan
  • Ask for a personal loan to buy a car
  • Or a cover some unexpected costs
  • Or simply to buy desired products
General Finance Inquiry
  • Ask information about finance
  • Refinancing of your assets
  • Or simply send a general enquire

Looking for a different loan type?

Not a problem, we’re here to help you finding the right loan type and partner for you. Simply click on the button below to submit your requirements and we’ll do our best to assist you.

Frequently asked questions

First Home Ownership Scheme (FHOS) Loan
What do I need to provide when applying for a First Home Ownership Scheme Loan?

BSP's home loan application requirements for the Housing Scheme are:

a. Requirements to purchase a newly constructed home built not more than six months old:

A fully completed BSP First Home Loan Application;

  • Three (3) latest pay slips (provide employment contract if applicable)
  • Letter of Offer disclosing the selling price of the property under purchase
  • Acceptance of letter of offer from vendor
  • Copy of the Title Deed
  • Bank statement or other financial statement showing regular income received in the last three months if account is held with another bank or financial institution;
  • Confirmation letter of employment from employer disclosing salary and housing allowance (if any) or copy of contract of employment (if employment is on contract basis);
  • Evidence and proof of 10% equity
  • A statutory declaration sworn by the applicant for a home loan declaring that they and/or their partner/spouse do not own individually or jointly with themselves or any other person any home or Land under a State Lease and that they are first home buyers;
  • If the applicant does not have a BSP account, he/she will be required to establish such an account with BSP before making an application; and

b. Requirements to construct a home for owner occupancy comes with conditions such as

  • Building plans/specifications
  • Building plans must be approved and stamped by the Building Board, Water and Sewerage, Fire and Electricity Authorities
  • Engagement of Certified Contractor:

Provisions of Builders Insurance Policy Covering:

  • Worker's compensation insurance
  • Contractors all risk insurance - with BSP's name included
  • Public Liability Insurance
  • Insurer must be an approved BSP insurer
  • Building Board Approval
  • Copy of quotations and copy of work plan

Loan proceeds will be released progressively upon certification of the work completed

How can I source my 10% equity?

The equity can be sourced from personal savings, stocks, bonds, term deposits, proceeds from sale of personal property, Superannuation assistance (housing advance) and assistance form employer by way of Home Ownership grants. Borrowing to raise equity is not allowed.

Who is eligible?

The eligible persons for the FHOS is any natural born Papua New Guineas who are employed either in the public service or private sector and who with their partners (married or defacto) do not own or part own any property on state leased land.

Can I build on traditional land?

No, The FHOS loan is for the purpose of constructing a property on a State Lease land or the purchase of a newly constructed property on a State Lease land.

What fees are to be charged for this product?

The only bank fee that will be charged for this product is the 1% establishment fees. All other bank fees will not be charged.

Government and statutory fees are still applicable. I.e. National Land rental, insurance, provincial government charges and Department of Lands charges etc.

Am I eligible if my name is not registered on an existing state lease title owned by my partner?

If your partner (either de facto or married) owns an existing property either individually or jointly you are not eligible for FHOS.

Am I eligible if I have bank accounts with another Bank?

Yes, provided that you transfer your primary salary account to Bank of South Pacific and also provide a bank statement indicating showing the transactions for the last 3 months as well.

Can I re-finance my outstanding home loan?

No, this is not a re-financing loan.

Can I apply as a joint borrower?

Yes, provided that you and your co-borrower do not already own State Lease properties either individually or jointly.

Is Bank of South Pacific providing land and building contractor?

No, the land and the building contractor have to be provided for by the client. The builder contractor has to meet the conditions and requirements set out by BSP.

What are the conditions and requirements for building contractors?

These are the conditions that the building contractor must meet:

  • Building plans/specifications
  • Building plans must be approved and stamped by Build Board, Water and Sewerage, Fire and Electricity Authorities
  • Engagement of Certified Contractor
  • Provisions of Builders Insurance Policy Covering:
  • Worker's compensation insurance
  • Contractors all risk insurance - with BSP's name included
  • Public Liability Insurance
  • Insurer must be an approved BSP insurer
  • Building Board Approval
  • Copy of quotations and copy of work plan
Personal Property Investment Loan
How much cash do I contribute as equity when I want to borrow to purchase a residential investment property?

You will be required to contribute 30% of the purchase price of the proposed property as your equity contribution.

Can I walk into any BSP branch and lodge my application for a Home Loan?

Yes you can, walk into any of our Branches and ask to speak to the Personal Lending Officer.

Can I borrow from the bank and build my house on traditional land?

No, you can only borrow from the Bank if are building your home on State Lease Land.

Personal Loan
How much is my borrowing limit?
Depending on how much you earn and your ability to finance your dream home through a loan, borrowing limits can vary per person. Before applying for a loan though, you can use one of our tools to check how much you need to prepare first. Or we can also connect you to our network of lenders who are more than willing to personalize a loan package for you.
How do I choose the loan that’s right for me?
Visit our loan classifications guide to get more information on what types of loans are available in Cambodia. There are literally hundreds to choose from. If that doesn’t cover your concerns, we’re more than happy to help you get in touch with the right lenders to give you a detailed explanation.
How much do I need for a deposit?
In Cambodia, you normally have to pay a 10% deposit after you’ve done your due diligence. Get a hold of us now and we’ll make sure to connect you with someone who can discuss the process and prices, along with your borrowing options!
Regular repayments cost how much?
Variations in loan terms and rates affect how much repayments you make. Reach out to us today and we’ll quickly connect you to a range of partner lenders offering customized repayment packages, depending on your needs.
How often are home loan repayments usually made?
Lenders can be flexible regarding the frequency of repayment. But it’s advisable to take a loan that allows for a fortnightly or weekly payment because this reduces the time you have to pay back the loan and the amount you have to pay back.
Is there a special loan for first home buyers?
Unfortunately, Cambodia currently does not offer any special grants or loans for first home buyers. However, there is a wide range of loans available that our partner lenders can customize for your personal needs. Just drop us a message and we’ll connect you to the best lenders in the country.
What fees are associated with my purchase?

There are a number of fees involved when buying a property. To avoid any surprises, the list below sets out all of the usual costs:

  • Transfer Tax — Levied at 4% on the property’s assessed value. This is usually based on factors such as the land dimension, the land location, and the purpose of use.
  • Legal fees — Legal fees are usually at 0.20% to 0.50% of the total sales price. These usually include legal advice, property checks, and legal processing.
  • Property Tax — This tax is applicable for immovable properties which are priced $25,000 and above. It is collected yearly at 0.1% of the property.
  • Title Verification — Checking for potential liens or encumbrances under a title will cost you around $12.50, according to Prakas 995 which is dated December 28th, 2012.
  • Loan Processing Fee — Lenders will charge appropriate fees to cover the charges incurred for valuation and processing of the loan.
  • Application For Registration — Done at the District Land Office of the Ministry of Land Management, Urban Planning & Construction, you must pay a cadastral transfer fee of KHR 600,000 in order to insert the name of the new owner on the legal documents.
  • Property Insurance — Although not required, getting additional insurance for the property will help you safeguard your investment towards the property just in case calamity strikes or something suddenly goes wrong.
  • Ongoing costs — This includes maintenance fees, repair costs, and bills such as internet, electricity, and water. Also prepare for any future renovations you may want if you’re going to purchase the property.