Vendor finance in Vanuatu is a popular option for individuals looking to purchase  property without having to pay the full amount upfront. This type of financing allows buyers to make payments over several months or years, typically with an interest rate of 8-12%.

Options of Vendor Finance:

• Interest-free payment plans
• No deposit
• Low weekly repayments

allowing customers spread the cost of their purchase over an extended period. This can be especially beneficial for those who don't qualify for a traditional loan. 

The duration of the payment plan usually ranges from 18 months to 5 years, depending on the total cost of the purchase. Vendors may require a deposit before allowing customers to take advantage of the financing option.

Vendor finance in Vanuatu is a convenient and flexible way to make purchases without the burden of paying the full amount upfront. It offers customers the opportunity to budget their expenses and make affordable monthly payments, making it an attractive option for many individuals.

VENDOR FINANCE STEPS

•  Locate a property within your budget
• Establish does it finance for the purchase of the land.
• Fill out a pre approval for Vendor finance

NEGOTIATE THE TERMS

• Negotiate the terms of the financing agreement with the vendor,
• Including the interest rate
• Repayment schedule
• Collateral or security required

SIGN SALES AGREEMENT 

• Sign a formal agreement outlining the terms.
• Have a witness sign the agreement
• Pay the deposit if any

 START MAKING PAYMENTS

• Make regular payments to the vendor according to the agreed-upon schedule.
• Avoid making late payments to avoid penalty fees
• Pay extra to reduce interest
• Contact Vendor if you are unable to make payments