THE RIGHT HOME LOAN FOR YOU
- 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!
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.
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.
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;
b. Requirements to construct a home for owner occupancy comes with conditions such as
Provisions of Builders Insurance Policy Covering:
Loan proceeds will be released progressively upon certification of the work completed
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.
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.
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.
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.
If your partner (either de facto or married) owns an existing property either individually or jointly you are not eligible for FHOS.
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.
No, this is not a re-financing loan.
Yes, provided that you and your co-borrower do not already own State Lease properties either individually or jointly.
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.
These are the conditions that the building contractor must meet:
You will be required to contribute 30% of the purchase price of the proposed property as your equity contribution.
Yes you can, walk into any of our Branches and ask to speak to the Personal Lending Officer.
No, you can only borrow from the Bank if are building your home on State Lease Land.
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: