MSME loans at just 4% interest.
Start or grow your micro, small or medium business with one of NDB’s MSME loan packages.
4% interest rateInterest rate4.0%
Loan amountK5,000 – K500,000
Loan term2 – 5 years
Your equity20%
Loan packages
Four packages, one low rate.
Every MSME package comes with the same 4% interest rate and features.
Package 1 of 4
Agriculture loans
Want to grow your agriculture business? Get started with an MSME Agriculture Loan Package at only 4% interest.
Package 2 of 4
Women in Business loans
Get started with an MSME Women in Business Loan Package, with light and flexible repayment terms at 4% interest.
Package 3 of 4
Youth & Small Business Enterprises loans
Start or grow your small business enterprise now. NDB will help you kick-start or grow your small business at 4% interest.
Package 4 of 4
Bougainville Enterprise loans
Be part of the growing Bougainville economy. Start now with the MSME Bougainville Enterprise Loan Package, with light and flexible repayment terms.
Loan features
The details.
| Loan amount | K5,000 to K500,000 |
|---|---|
| Interest rate | 4.0% |
| Application / loan service fee | 1% all-up fee |
| Equity | 20%, must be evidenced |
| Security | Movable assets secured (PPSR) Land (clear title and valuation) Guarantee from directors (companies) |
| Loan term | 2 to 5 years, depending on purpose |
| Repayments | Monthly |
Eligibility
What you’ll need.
- A certificate of completion of a financial literacy course (for example, SME Corp)
- A realistic cash flow projection for your business
- A clean credit record
- Debt servicing cover above 2:1
- IPA business or company registration certificate
- IRC Taxpayer Identification Number (TIN)
- An account with National Banking Corporation (NBC) at the nearest location, where possible
How to apply
Getting started is easy.
- Check you’re readyRead the requirements and gather your documents.
- Visit NDBCall into your nearest NDB branch or our Head Office at Waigani.
- Talk to a loan officerOur team will help you complete your application and assess your proposal.
Loans & services
Explore other loans.
Ready to talk?
Visit your nearest NDB branch.
Our loan officers will help you find the right loan and guide you through your application.