Financing

PNG BANK HOMELOAN INTEREST RATE

Sep 3, 2014

The following is a comparison of the commercial terms of the FHOS versus a typical home loan from one of the major commercial banks in PNG such as BSP or ANZ: 4% fixed interest VS current interest rates of approx 8.45% – 9% 40 years for repayment VS typical repayment terms of a maximum of 30 years.

May 31, 2017

BSP PNG has reduced its standard Housing Loan Rates by 1% from 8.45% pa to 7.45%pa. The interest rate for the Housing Loan products will be effective from 1 June, 2017. BSP offers two main Home Loan Products; the BSP Standard Home Loan and the First Home Ownership Scheme (FHOS) loan.

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