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Fixed Interest Rate

The Kina Secured Personal Loan has a fixed rate of 20% p.a. Our rates are fixed to make it easier for you to manage your monthly repayments.

Lending Range
With the Kina Secured Personal Loan you can borrow as little as PGK1,000 all the way through to PGK50,000. The minimum loan term for the Kina Secured Personal Loan is 6 months.

Set Up Fee

Our set up fee is a fixed fee of PGK300. The amount is payable once the loan is approved.

Servicing Requirement

This is based on total debt commitment. It has to be 30% of your gross salary or less and if you’re self-employed, 30% of net cash flow or less.

What about the other fees?

Good question. Consistent with similar personal loans, there are some charges associated with the Kina Secured Personal Loan.

Frequently Asked Questions

What is a Kina Secured Personal Loan?

A Kina Secured Personal Loan acts as a form of credit that helps you make purchases that you don’t have the savings for. A personal 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 purchase that was detailed on your application. Once the funds are received, you will need to start making repayments either fortnightly or monthly.

How do I apply for a Kina Secured Personal Loan?

It’s easy. Simply visit your local Kina Bank branch and complete the Personal Loan Application form and submit it with 2 forms of primary ID. If you need to discuss your current situation prior to visiting the branch you can call us on 308 3800 or 180 1525 and our team will assist you with selecting 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 Secured Personal Loan?
  • Loans sizes range from PGK1,000 to PGK50,000
  • We offer the choice of fortnightly or monthly repayment
  • Loan terms range from 6 months to a maximum of 5 years
What are the fees and charges attached to the Kina Secured Personal 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 Secured Personal 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 Secured Personal Loan?

Yes. Repayments must be drawn from a Kina Bank account

Can I set up a redraw facility with my Kina Secured Personal Loan?

Yes, but advance payments can only be redrawn for payment of the annual insurance renewal premium, where applicable.

Are there monthly account fees when I take out a Kina Secured Personal Loan?

Yes, you will be charged PGK10 each month.

What is the minimum age requirement to apply for a Kina Secured Personal Loan?

You must be at least 18 years of age.

What loan amounts and terms do you offer with the Kina Secured Personal Loan?

The Kina Secured Personal Loan is set up to offer you the opportunity to borrow as little as PGK1,000 all the way through to PGK50,000. The minimum loan term is 6 months and the maximum loan term is 5 years.

Do I need to have a job to apply for the Kina Secured Personal Loan?

Yes. When you submit your application, you will need to show proof of employment. If you’re employed, you need to have a minimum of 6 months’ employment and if you’re self-employed you must have been working for a minimum of 2 years.

I need more information. Who can I speak with about the Kina Secured Personal Loan?

You can call us on 308 3800 or 180 1525 and our friendly team will help you get the information you need.

Important Information

Still have questions?

Call Toll Free on 180 1525 or +675 308 3800

Or email us on kina@kinabank.com.pg