Kina bank

Loan Product Details

In late 2021 Kina bank unveiled a new and innovative range of loan products aimed at supporting 100% PNG owned small businesses in Papua New Guinea. Business Link Pacific committed to contribute capital to the scheme under the BLP/KB FI Partnership in late 2022 to further support the Kina Bank SME strategy in assisting small businesses to unlock access to finance. There are currently 2 loan products available under the joint scheme.

Secured SME Business Loan

Minimum Amount: PGK 100,000
Maximum Amount: PGK 500,000
Minimum Loan Term: 1 Year
Maximum Loan Term: 15 Years
Interest Rate: 4% per annum
Repayment Structure: Principal and Interest
Repayment Frequency: Monthly
Loan Establishment Fee: PGK 2,000
Loan Line Fee: 0.30% of the outstanding loan balance, charged quarterly (Min, charge K75 per quarter

Unsecured SME Business Loan

Minimum Amount: PGK 50,000
Maximum Amount: PGK 100,000
Minimum Loan Term: 1 Year
Maximum Loan Term: 7 Years
Interest Rate: 4% per annum
Repayment Structure: Principal and Interest
Repayment Frequency: Monthly
Loan Establishment Fee: PGK 2,000
Loan Line Fee: 0.30% of the outstanding loan balance, charged quarterly (Min. charge K75 per quarter.

Eligibility Requirements

PNG owned company/business – business must be 100% citizen owned
Maximum Turnover PGK 5m per annum
Minimum 2-years of trading (to be validated by bank statements and other documents such as tax returns)
12-month cash flow projections with assumptions

Kina Bank Contact Details

Kina Bank Contact Details

If you would like to know more about how you can apply for a concessional loan with Kina Bank please feel free to reach out using the following email addresses below:

[email protected]