Papua New Guinea Kina Bank recently announced to the market PNG’s lowest ever home loan rates of 5.47% fixed interest rate and a standard variable rate of 5.59%. This has raised the level of competition in the fast growing home loan market in PNG. The new rates come with attractive features and benefits and no hidden costs at all. Executive General Manager for Personal Banking, Mr Adam Downie said: “At Kina Bank, we offer a very simple and compelling pricing structure for our home loans: K1, 000 establishment fee, and then K10 per month loan servicing fee; and a competitive 5.47% fixed rate and also 5.95% variable interest rate. That’s it. No hidden fees or charges. No nasty surprises. “There is a 10% minimum deposit and a maximum term of 30 years. Importantly, there are refinancing options available as well,” said Mr Downie. Kina Bank’s open and transparent approach - and their commitment to making sure customers receive a first class experience - means the bank is fast becoming the go-to bank for residential and investment property loans. “A customer’s application will go through an assessment process by our team of Home Finance Managers who will advise if they are eligible for a home loan. We have a team of Home Loan Managers who can guide you through the process and give you the right advice. We’re committed to helping as many people as possible to unlock the door to their dream home.” Next :Barrick Niugini Limited Refutes Unlawful Gold Export Claims Out Of PNG Comments are closed.
|
Papua New Guinea Business NewsWe cover all Papua New Guinea and International business news on this page. Please subscribe to our latest business on the subscribe form available on this page. |