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Business Banking Rates

Whether you are saving to expand your business, or to ensure continuity. Whether you are borrowing to modernise your office equipment or for more office space, CreditBank PNG is committed to offering interest rates that are competitive, clear, and concise

BANKING RATES

 

CASH MANAGEMENT ACCOUNT

 

Daily Balance Interest Rate
Daily Balance > K5,000 - K250,0000.35%
Daily Balance K251,000 - K500,0000.50%
Daily Balance K501,000 - K1,000,0000.65%
Daily Balance K1,001,000 - K5,000,0001.00%
Daily Balance > K5,000,0001.25%

 

TERM DEPOSIT ACCOUNT AND FIXED DEPOSIT ACCOUNT

Product term

Balance

K5,000–K99,000

Balance

K100,000–K999,999

Balance 

K1,000,000+

1 month0.85%0.90%Interest available upon application
2 months1.15%1.15%
3 months1.50%1.65%
4 months1.65%1.77%
5 months1.80%1.88%
6 months1.95%2.30%
7 months2.02%2.08%
8 months2.08%2.15%
9 months2.15%2.23%
10 months2.22%2.30%
11 months2.28%2.38%
1 year2.35%2.45%
2 years3.15%3.30%
3 years3.35%3.35%
4 years3.50%3.50%
5 years3.75%3.75%

BORROWING RATES

EQUIPMENT FINANCE LOAN

Fixed Interest Rate
18%

 

TERM LOAN

Variable Rate
9.95%

 

COMMERCIAL PROPERTY LOAN

Variable Rate9.95%

 

OVERDRAFT

Variable Rate
12.0%

 

CREDITBANK PNG VISA CREDIT CARD

Purchase RateCash Advance Rate
22%22%

 

Rates above are per annum and may be changed without notice. It is not an offer or contract and does not amend any applicable customer agreement, the terms of which govern control.