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Get Your Dream Car


  

With BRED Car Loan, you could be driving your next car sooner than you think.
Low interest rate & flexible terms to fit your budget, low & flexible equity requirements to ease the burden on your savings.

For a limited time, we are offering Car Loans at rates starting as low as 6.25%p.a. and terms up to 7 years. Get an approval in 48 hours and drive away before you know it!

 

Take advantage of the limited time offer!

ü  Low & Flexible Interest Rates

ü  Low Equity requirements

ü  Quick Turn-Around Time – Loan approval within 48 hours[i]

ü  100% waiver on Loan Approval Fee

 

 Flexible rates and terms to better fit your financial situation!

 

Brand New Vehicles

Rate % p.a.

Term

6.25 %

2 years

6.75 %

3 years

7.25 %

4 years

7.75 %

5 years

8.25 %

6 years

8.75 %

7 years

 

Unregistered Used Vehicles (2nd Hand Reconditioned Vehicles)

Rate % p.a.

Term

8.75 %

Up-to 5 years

 

 

 Flexible equity contribution to ease the burden on savings!

Brand New Vehicles

  1. 0.00% equity for BRED Home Loan Customers [ii]
  2. 0.00% for executives earning gross income of more than $75,000
  3. 10.00% for others

 

Unregistered Used Vehicles (2nd Hand Reconditioned Vehicles)

1.    0.00% equity for BRED Home Loan Customers

2.   15.00% for others

 

 

Mandatory Conditions

  1. 12 months in employment
  2. Vehicle will only be financed for private use

 

How do I apply?

To help us assess your loan application quicker, we advise you to provide the following information to your Relationship Manager:

 

 SALARY AND STATEMENTS

·       Payslips (3 most recent)

·       Employment Confirmation (recent employment letter or employment contract)

Account Statements

·       Salary and Savings account (s) - 12 months

·       Loan statement (s) for all existing loans - 12 months

·       Hire Purchase statement - 6 months

 

VEHICLE DETAILS

·       Quotation (Engine Number & Chassis Number is required.)

·       Evidence of equity

·       Brand New vehicle - 10% contribution Unregistered Used vehicle - 15% contribution

·       ACCF (Motor Vehicle Accident Compensation Scheme) (after acceptance of letter of offer)

 

PERSONAL DETAILS

·       Identification

(Original Birth Certificate | Original Marriage Certificate | Joint FNPF/TIN Card | Valid Driver’s Licence | Passport or Voter Card)

  

If the Bank is not satisfied with the information provided, further documentation may be requested for verification.

 

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Fees & Charges – Customer Banking Services

Fees & Charges – Lending Services


[i] Turn-around time is subject to satisfactory submission of all requirements and documentation for loan assessment.

[ii] Equity from Home Loan - 20% discount will be applied on existing valuation held with BRED consistent with Covid-19 market conditions. Valuation report must be within 3 years from date of issue.

Loan eligibility and approval is subject to the Bank’s credit assessment. Offer valid for new or unregistered used vehicles meant for personal use, applied and approved within the promotion period. Promotion starts 01 Sep, 2021 and ends on 30 Nov, 2021.

 

 

Trade Finance & Services

TRADE FINANCE AND SERVICES

BRED helps you at every stage of your development. Whether you are importing or exporting, BRED has the financial resources you need to participate in the global market. Take a look at our trade finance and services below.

TRADE FINANCE AND SERVICES

In international trade, efficiency is paramount. BRED can help you with the commercial expertise you need to maximise your opportunities.  We can also structure trade solutions to facilitate more complex transactions.

As a BRED Bank client, you can benefit from our experienced trade finance personnel, rapid processing and our risk management services.  We also have access to a premium global network of correspondent banks.

 

IMPORTERS

Letter of Credit

For Importers

A BRED letter of credit offers you a secure means of paying your suppliers by ensuring the documents you stipulate are in order before we effect payment.
This will help you minimise the risks associated with payment for your imports.

With agent banks in major countries worldwide, BRED trade services enable you to process your international payments right on your doorstep.

Collections

For Importers

BRED Bank (Fiji) will inform you immediately upon receipt of the shipping documents received from your supplier.

You can view the documents before paying for them. You need to pay only when you are satisfied that the shipping documents will enable you to take delivery of the goods.

If credit terms have been arranged with your supplier you will need to provide your acceptance or undertaking in order to take delivery of the goods.

EXPORTERS

Letter of Credit

For Exporters

As an exporter, a letter of credit gives you the assurance of receiving payment against your shipping documents which comply strictly with the terms and conditions stipulated in the letter of credit.

You must be able to comply with the terms and conditions and, in particular, avoid any discrepancies in your documentation.  BRED’s trade advisors will be able to help you with this.

Collections

For Exporters

As the exporter, you will present your shipping documents to us for the collection of payments.

BRED will send your shipping documents to the buyer’s bank with specific instructions as to their release. You will maintain control over the goods until they are paid for, or until the buyer has given their undertaking or acceptance to pay at a future date.

BRED will keep track of your export collection until payment is received by BRED, at which time they will be credited to your account promptly.  In the event of non-payment, BRED will inform you immediately.

 

 

About BRED Bank (Fiji)

BRED Bank (Fiji) Pte Ltd is an “A” rated Bank and 100% owned subsidiary of BRED Banque Populaire, a member of the BPCE Group, the 2nd largest banking group in France, serving more than 31.2 million customers, employing more than 100,000 people worldwide.

BRED Bank started its operations in Fiji since November 2012, our business development is based on building customer loyalty and attracting new customers. Our strategy is underpinned by the proactive approach taken by our staff and their ability to identify and provide solutions to customers’ needs.

BRED Bank aims to offer banking without distance. A bank which combines the best human attributes with the best digital attributes.

BRED Bank is reputed for its capacity to innovate, reflected in the creation of customized services with strong added values:

·        We have deployed the best Internet Banking application, known as BRED Fiji Connect.

·        We are the first Bank in Fiji to successfully provided VISA Debit card with EMV chip capability that protects customers against card skimming on ATMs and EFTPOS Machines.

·        We offer “Verified by Visa” a free service that protects our customers when using their cards for online shopping.

·        We have an Interchange Agreement with ANZ Fiji since January 2018 to provide more accessibility to our customers through ANZ Fiji ATMs and EFTPOS terminals.

 

Our Vision,Mission & Values 

BRED Bank (Fiji) is committed to growing its operations in Fiji and continues to have a rapid growth with plans for further development in terms of its products, services and presence throughout Fiji for the convenience of its customers.

 

Our Registered Head Office is based at Level 5, Tappoo City Building, Suva. BRED has a total of 7 branches located in Central and Western division of Fiji. These branches are: MHCC Suva, Centerpoint, Nausori, Namaka, Nadi, Lautoka and Labasa. In addition, BRED has a Kiosk on Level 4, Tappoo City Building, Suva.

 

View BRED Bank Fiji in a larger map

 

Branch Operating Hours

Monday to Thursday: 9:30am - 3:30pm
Friday: 9:30am - 4:00pm

 

Head Office Operating Hours

Monday to Friday: 8:00am - 5:00pm

Foreign Trade and International Service

Foreign Currency Loans
Manage your foreign currency risk and cost. For exporters to fund working capital or expenses of a capital nature. For importers to fulfill import requirements and acquire capital goods. The options for a foreign currency loan are worth exploring if your income and revenues are predominantly in a foreign currency.
International Trade Finance
BRED Bank facilitates both export and import trade through funded and non funded facilities and services. Funded options include Pre-Shipment and Post Shipment Finance, Overdrafts, Term Loans, external Commercial Borrowing in Foreign Currency. Non funded products and services include issuing Performance, Bid Bonds and other Guarantees, facilitating Export and import letters of credit, Credit Reports on customers and suppliers, Collection and Payment of bills, managing Remittances, Forward Foreign Exchange Contracts and various other services.
TRAVEL & TRADE
We are specialists in Foreign Currency. We trade in most major currencies and will be able to supply your travel related cash requirements. We are competitive on exchange rates and fees for trade related foreign currency transactions. Our specialised and experienced staff will provide you with professional and quick service.
DEPOSIT ACCOUNTS More Options for your Personal or Business Needs
At BRED Bank, we understand that when you are travelling or doing business around the world, you need options that make dealing in different currencies as easy as possible. Whether you make regular or occasional overseas trips or business transactions, have affiliations with international organizations, or simply have personal transactions to take care of, our Foreign Currency Deposit Accounts make it easy for you. We have both call and fixed term accounts.

MONEY TRANSFERS

Send money fast
Sending money overseas can be tricky. You need to make sure it gets to the right person as soon as possible. Likewise, if you are traveling and need money sent to you, then you need to be sure it arrives quickly and securely. We can help your money get to where it's needed. 

Telegraphic Transfers
Transfer money electronically to major cities around the world with funds securely deposited into the bank account of your choice. 

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