PERSONAL TERM LOAN is a customised loan product specifically
designed for small entrepreneurs.
The loan is available to small entrepreneurs who have operated an
existing business for at least 12 months. This will assist them to
access additional funding in running the business. The purpose is
strictly for additional working capital or Acquisition of Business assets,
i.e., purchase of raw materials, buying new equipment etc

Benefits of Personal Term Loan Account holders

  • Lower interest rate.
  • No administration fee.
  • Faster processing time.
  • Convenient loan payment through bank account.
  • Short repayment terms.

Customers Eligible for Personal Term Loan Accounts

Small entrepreneur who has a viable enterprise.
Not currently employed.
Business is operating profitably for at least 12 months.
Type of Business is acceptable to PFL.
Located within the area of branch location.
Have lived in that location over two years
Provide an alternate contact person (preferably a family member)
Have a bank account or be willing to open one.

Customers Not Eligible for Personal Term Loan Accounts

Small enterprises, which are not viable or not have been in business
for twelve (12) months.
Small enterprises which have no potential for expansion.
Employed business person.
Blacklisted customers.


Minimum K1,000.00
Maximum K250,000.00


Minimum Two (2) Months
Maximum Forty-Eight (48) Months


Late payment fees 1% of instalment amount after three (3) months
of late, missed and reduced repayments.

Top Up Loans/Second Loan Cycle

No top up loans to be given until existing loan is fully repaid.

Disbursement Method

Direct credit to the account of the borrower.

Repayment Method

Repayment start date must be exactly a month after the disbursement
of the loan.
Monthly repayments shall be done through direct deposit to the
following account:
Bank of South Pacific – Douglas Street Branch
Account Number: 1008662833
Account Name: Papua Finance Limited
The above account shall also be used if the small entrepreneur is
willing to settle the loan early.

87 %
Successful Applications
94 %
Return On Investment
100 %
Completely Secure

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