The K2000 incentive will be paid once a home loan settles and represents a market first for Papua New Guinea.
Kina Bank's Executive General Manager of Banking and Country Head, Lesieli Taviri, said the initiative rewards borrowers and helps them on their home-buying journey.
“Additionally, we will be offering an aggressive 5.47 per cent rate for these loans. Once again, we’re providing a market leading offer that offers people choice,” Taviri said.