Kina Bank with an on-boarding growth of over 25,000 new customers in 2021 is now offering a cash incentive to all customers who are eligible home and property buyers.
Kina Bank executive general manager of Banking Lesieli Taviri in launching the bank’s new home loan campaign said, the incentive is designed to reward their customers who take out a home and property loan with a cash back offer of K2000 at a market leading interest rate of just 5.47per cent.
Ms Taviri said at present no other banks in PNG are actually doing this and the cash back offer will run through till the end of September 2022. However, she said there is also a catch to the offer where the cash back will only be paid to customers nominated bank accounts upon the full settlement of the loan.
“So the program has been designed to reward customers on their first home or investment property purchase and Kina Bank is here to guide them through the process and to make sure they are rewarded as soon as their loan settles.
The home and property loan is offered to any Kina Bank customers who are able to meet the requirements set by the bank.
Currently, our limit is set at K1 million for the home loan offer so it is competitive compared to what other banks offer in the market and our cap is a lot higher to K1 million the value of the purchase,” she said.
Ms Taviri said that also as part of the offering there will be a dedicated online enquiry form that will quicken the loan application process for customers and the form will act as a pre-qualifying process where the bank will gather important information.
She said, however, strong branch support will also be accessible for people who prefer face-to-face discussions.