If you're thinking of becoming a landlord, planning is essential to make sure you get the most from your residential investment property.
Key considerations include:
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.
At BSP we can help you buy your second home or your investment property.
Where to apply?
You can speak to a Relationship Manager or a Branch Manager at your nearest local BSP Branch.
You can collect an application form at your nearest branch or click here.
What do I need to bring with me?
Complete an application form;
Letter of confirmation of employment & remuneration from current employer;
Letter of offer from the customer confirming the purchase price and copy of the state lease;
Letter of acceptance form the vendor;
Evidence of 25% equity contribution by the customer;
Super ID and copy of the latest statement;
Copy of Driver's Licence;
Salary Deduction Authority;
- Bank account statements for the last 12 months if salary is credited into an account with another bank.
- Loan account statements for the last 12 months if have loans with other financial institutions.
Confirmation of ownership of major assets advised eg; Computer Folio for land title, copy of vehicle registration, must be provided with your application.
Investment Property Loan Brochure
For more information, please view our Investment Property Loan Brochure
For more information
Please call our Main Office on +(685) 66100 or Email: BSPSamoa@BSP.com.pg
You can also visit any of our BSP branches in your country.