Applicant MSME Notified of Loan Approval

If CBSI is satisfied with a nomination from a partner bank, a guarantee will be given and partner bank will approve loan and notify applicant of the outcome.

 

Loan Repayment

The maximum term for a loan to be covered under the scheme is five years. Your local bank will monitor and find if you could not complete the full repayment of the loan within the given timeframe the bank will have to make revised plans before the end of five years for the repayment of the loan. The central bank will have discretion to extend the guarantee depending on the circumstances.

• Contact the BCD Division for more information

  BCD - General Contact

  Fields marked with * are required

  Name *

  Email *

  Subject *

  Message *

  Send a copy to your email

  Send Reset
• Contact the  Central Bank of Solomon Islands
• Contact the  Pan-Oceanic Bank

 

Further Information

• The central bank due fee for accessing the scheme is 1% flat of the amount of the loan you applied for. This fee will be collected by your local bank at or before the fund disbursement.
• For loans in default, the bank will apply its usual procedures to call up the loan for rectification or repayment. Where the loan becomes non-performing, the bank should initiate claims supported by a letter from a legal counsel after the loan remains in default for more than 90 days.