Solomon Finance Limited (Our Finance) is a Non-Bank Financial Institution and is the newest Financial Institution in the country.
Established and wholly owned by the Solomon Islands National Provident Fund Board (SINPF). Our Finance has been set up by SINPF Board to provide loans and related financial services to the qualified active SINPF members to assist them build wealth for their future and that of their families, communities and of the Solomon Islands as a whole.
Pursuant to the Central Bank of Solomon Islands Prudential Guideline No. 8, Solomon Finance Limited hereby advertise the following Interest Rates, Fees & Charges applicable with immediate effect:
Standard Approval fee applied to Personal Loan & Education Loan
| $2,000 – $9,999.99 | $100.00 |
| $10,000 – $19,999.99 | $200.00 |
| $20,000 – $29,999.99 | $300.00 |
| $30,000 – $49,999.99 | $400.00 |
| $50,000 – above | $500.00 |
Personal Loan Fees & Charges
| Interest | 9.5% p. a |
| Monthly Fee | N/A |
| Min Loan Amount | $2,000 |
| Loan Term | 1 – 5 years |
| Default fee | 2% charge to the arrears amount |
| Loan Default/Settlement fee | $750.00 |
Education Loan Fees & Charges
| Interest | 9.5% p.a |
| Monthly Fee | N/A |
| Min Loan Amount | $2,000 |
| Max Loan Amount | $20,000 |
| Loan Term | 1 year |
For enquiries, please contact phone: (677) 42170 or Contact Us.