Market Leading Rates
With the Kina Back To School Loan you get to enjoy market leading rates, we offer one of the lowest bank rates in the country.
Designed to save you time, you can now easily apply online using the digital application form, exclusive to Kina Bank.
Applying for a loan has never been easier or faster. Complete your digital application form and you will receive a response within 24 hours.
Flexible Loan Terms
Enjoy flexible loan terms ranging between 6 – 24 months. With the Kina Back To School Loan budgeting is a breeze with our fixed monthly repayments.
What About The Other Fees?
Good question. Consistent with similar loans, there are some charges associated with the Kina Back To School Loan.
Frequently Asked Questions
What is a Kina Back To School Loan?
A Kina Back To School Loan acts as a form of credit that assists you in paying your school fees that you don’t have the savings for. It has been designed to make payments for the new school year, the maximum borrowing amount is PGK10,000. A Kina Back To School Loan is very different to a Credit Card in that you receive a single payment from Kina Bank for the approved amount. The borrowed money then needs to be used to make the payment that was detailed on your application. Once receive the funds, you will need to make repayments which are scheduled as monthly payments.
How do I apply for a Kina Back To School Loan?
It’s easy. Simply visit our website and compete the online application form. If you’re not an existing customer, you’ll need to visit your local Kina Bank branch and our friendly staff will assist you. When you process your application, you will need 2 forms of primary ID. If you need to discuss your current situation prior to applying, you can call us on 308 3800 or on 180 1525 and our team will help find the right loan for you.
What are forms of primary ID?
When applying for a new account, you will need to have 2 forms of primary ID. We classify primary ID as:
- Passport (foreign passport must include a copy of your entry permit)
- Driver’s licence
- Employment ID card with employment confirmation letter
- Current student ID and confirmation letter from your tertiary provider
- Superannuation membership card
- PNG work permit with Labour & Industrial Relations letter
- PNG Government issued photographic Licence and or Permit
- National Identity card issued by NID office
*All forms of ID must be valid. Any expired ID won’t meet the ID requirements and as such we won’t be able to accept the ID. If you don’t have 2 forms of Primary ID, please call us on +675 308 3800 or 180 1525.
What are the features of a Kina Back To School Loan?
- Loans sizes range from PGK1,000 to PGK10,000
- Set monthly repayments
- Loan terms range from 6 months to a maximum 2 years
- Apply online using the digital application form.
What are the fees and charges attached to the Kina Back To School Loan?
All of our fees and charges can be found in the Kina Bank Fees Schedule, see it here.
What is the repayment structure of the Kina Back To School Loan?
The repayment structure is principal and interest. If you’re employed, the repayments will come directly from the account that your salary is paid into. If you’re self-employed, the repayments will be taken from your primary transaction account.
Do I need to be a Kina Bank customer to apply for a Kina Back To School Loan?
Yes, to apply for a Kina Back To School Loan you need to be an existing customer. Repayments must be drawn from a Kina Bank account.
Are there monthly account fees when I take out a Kina Back To School Loan?
Yes, you will be charged PGK10 each month.
What is the minimum age requirement to apply for a Kina Back To School Loan?
You must be at least 18 years of age.
What loan amounts and terms do you offer with the Kina Back To School Loan?
The Kina Back To School Loan is set up to offer you the opportunity to borrow as little as PGK1,000 all the way through to PGK10,000. The minimum loan term is 6 months and the maximum loan term is 2 years.
I need more information. Who can I speak with about the Kina Back To School Loan?
You can call us on 308 3800 or 180 1525 and our friendly team will help you get the information you need.