Products

The National Development Bank (NDB) currently offers a range of Products and Services that can be tailor suited to you or your business(s) specific needs. NDB strives to offer Products at competitive rates with emphasis on providing affordable and sustainable finance to ordinary Papua New Guineans and the rural and urban entrepreneurs. NDB will continue to offer new products later including the Savings Products.

AGRICULTURE LENDING

  • Small Rural Loans (<K10,000) and micro-finance
  • Microfinance Loans (refer details under micro-finance section of the website).
  • Large Rural Loans (>K10,000)

COMMERCIAL LENDING
Commercial Loans A Commercial Loan is any loan that includes the following:

  • Equipment Finance
  • Purchase of Commercial Property
  • Purchase of Residential property
  • Purchase of Fishing vessel
  • Working capital Facilities ( e.g. Purchase of stock)

NDB MICROFINANCE
NDB offers microfinance loans to help realize your dream of increasing your income sources and support your family needs. You can borrow small loans to finance your income-generating activities (IGA) whether it be a small trade store, buying and selling, market vending, dress-making, poultry raising or any other small-scale economic activities with quick cash turnover.

You can borrow small amounts to finance your stocks and inventories or buy small equipment such as fridges, coolers, sewing machines or any small machines used to run your business.

Loan repayments can be made conveniently in the village where you reside or conduct your business.

At a very low interest rate and easy repayment terms you can start running your own business and be your own boss! Don’t miss this opportunity.

How To Access NDB’s Microfinance Services
All you have to do is to contact the nearest NDB branch in your location and get in touch with a Microfinance Field Assistant. Apply for any of the loans described below:

Kisim-na-Bekim Bisnis Loan
No savings required. You can get a loan from as low as K300—5,000 to finance your small business. Pay every fortnight right in your village over a period of 6-12 months.

Tutu Bisnis Loan
No savings required. You can get a loan from as low as K300—5,000 to finance your poultry business. Pay in lump sum amount after selling the chicken.

All-purpose Loan
No savings required. If you are employed, you can get a loan from as low as K300—2,000 to finance your household needs. Pay in a maximum of 12 months.

NATIONAL FISHERIES CREDIT FACILITY
The National Development Bank (formerly Rural Development Bank Ltd) and The National Fisheries Authority (NFA) signed a Memorandum of Agreement (MOA) on the 12th January 2007 paving way for the establishment of the Fisheries Credit Facility. The facility was established to assist coastal fisherman, inland fish farmers and fish exporters with access to credit on commercial basis.

A number of awareness meetings have been conducted so far between NFA, the respective Provincial Fisheries Office and NDB in a number of coastal and Highlands provinces. These meetings are geared towards explaining the Fisheries Credit Facility and the eligibility requirements of accessing credit.
Under this credit facility there are three lines of credit to carter for the needs of almost every Papua New Guinean from the grassroots level to the local exporters.

Under this credit facility there are three lines of credit to carter for the needs of almost every Papua New Guinean from the grassroots level to the local exporters.

1. Micro-credit line
With the aim to deliver small lines of credit to village based fishermen or enterprises that may not necessarily have access to credit from mainstream financial institutions.

2. Small Enterprise Credit-line
With the aim to targets small fishing enterprises with financial assistance to assist small enterprises to strengthen their operations and become new segment of small enterprises operating within the fisheries sector. Under this credit line, it is anticipated that they will be able to pledge some form of tangible collateral to the Bank to secure credit funds from the facility.

3. Business Credit line
Aims to specifically target the established private fishing companies and may also be extended to those individual members of fisheries cooperatives or associations that have been successful and are expanding their operations or seeking to improve internal management.

RURAL HOUSING LOAN PRODUCT
Funds for Rural Housing Loans are appropriated in the National Annual Budget. These funds are given to the National Development Bank Ltd to on-lend as loans for rural housing. The extent of financing for such loans is limited by the amount appropriated each year in the National Budget.

The loans are given for the purchase of building materials to construct or improve existing home in rural areas. The maximum loan term is six (6) years.

All applicants should exhibit the ability to repay to a maximum of 25% of net annual income. Such net income could be derived from farming or wages/salaries. The applicant must build the house in his/her village or permanent place of settlement in the rural area.

Where possible security is taken to cover loans.

For additional information please contact the National Development Bank Ltd, Lending Division enquiries on 3247500.

Pamphlets

Business Credit Line

Enterprise Credit Line

Fishing Business Credit Line

PCD Credit Line

SBDC

Small Business Credit Line

Women In Textile

Micro Finance Pamphlets

General Micro Finance

Micro Finance Credit Line

TPA

Tutu Loans

If you would like NDB to contact you please leave a short message below:

Comments about this page change be done below this comments thread.

29 responses

30 05 2012
Dorothy Ryah

This site is really helpful. A thumbs up for this NDB :))

29 08 2012
poning dei

I am very, very happy to know about this site. Truly, NDB has set a golden opportunity for the women at all levels because, we’ve been struggling and struggling to make ends meet one way or another. Life has been worthless for some of us but the question – is – if we apply, will there be any requirement or only wait for the answer?
Once again, thank you for the door has now been opened.

30 08 2012
Jeremy Ningiga

Hi Poning
please contact Mrs. Janet Kaule on the details below who will be able to assist you with any questions that you have regarding requirements.

Janet Kaule
Relationship Manager
Women in Business
P o box 686, Boroko, NCD
Papua New Guinea
Email: jkaule@devbank.com.pg
Phone: 324 7584

11 10 2012
Eagle Eyes

Hi Jeremy,

I intend on getting a loan to start up a small business, The amount i am looking at is K5000. Who should i get in touch with @ NDB to progress this loan application?

Your kind advice please.

Regards,
Rex

12 10 2012
Jeremy Ningiga

Hi Rex
Please contact your local NDB Branch who will be able to assist you with your inquiry. Contact details for NDB Branches can be found on the contact details page of this blog.
Regards
Jeremy

11 10 2012
Eagle Eyes

Jeremy,

I also would like to enquire if the WIB loan facility is still active after so much has been said in the media about NDB’s cash shortfalls.

My wife would like to visit a nearest NDB branch but she’s not sure if the bank will serve her through this WIB facility.

Your kind advice please

Regards
On behalf of wife

12 10 2012
Jeremy Ningiga

Hi Rex
the WIB loan facility is offered at all NDB Branches. Your wife can contact the nearest NDB Branch or NDB WIB Office at the NDB Head Office. Contact details are:

Janet Kaule
Relationship Manager
Women in Business
PO Box 686, Boroko, NCD
Papua New Guinea
Email: jkaule@devbank.com.pg
Phone: 324 7584

or

Angeline Rex
Relationship Officer
Women in Business
P o box 686, Boroko, NCD
Papua New Guinea
Email: arex@devbank.com.pg
Phone: 324 7522

24 10 2012
Rickson Ganao

Dear Jeremy
I would like to enquire on so called stret pasin stoa scheme. It was started last year again. If it will be available next year then could you brief me with further information? Forward to this email addresss. I would like to apply for this service.
Thanks for helping me out.

25 10 2012
Jeremy Ningiga

Hi Rickson
please contact Mr. Desmond Yaninen on the details below who will be able to assist you with your questions:

Desmond Yaninen
Ph: 324 7612
Email: dyaninen@devbank.com.pg

8 11 2012
isacc elea

Hi ,Iam isacc elea whos runing an wokshop would like to get loan of -60;000:00 to support my busy wokshop .whom will i see at to ? Hagen to assist mi ..i see more people growin with this NDB ,n i want too……tenks, isacc elea

14 11 2012
Jeremy Ningiga

Hi Isacc
please contact anyone of the NDB Loans Officers at Hagen branch who will be able to assist you. Contact details for NDB Hagen office can be found on the contact details page of this blog.
Thanks

13 11 2012
Chris Mek Kabauru

I gave my name to NDB some years back expressing interest on the Stret Pasin Stoa and would like to be considered for that business.Could someone in NDB check this out please.
I have a residential block in Kavieng town, state leasehold title block under my name, which is currently undeveloped and i am working on a submission to sought financial assistance from NDB to construct a Motel/Lodge.Can you assign NDB officer who can assist me pursue my dreams.
i am currently working in Port Moresby but hails from New Ireland Province.

14 11 2012
Jeremy Ningiga

Hi Chris
please contact the NDB Boroko branch who will be able to assist you. The contact details for NDB Boroko branch can be found on the contact details of this blog.
Thanks

3 12 2012
Rex

Dear Sir/Madam,

I wish to utilise NDB’s “Kisim na Bekim Bisnis Loan” as it’s quite attractive for someone like me who’s interested in starting a trade store business.

I relaise that there is no savings required to obtain this loan which i believe is very convenient and encouraging but are there any equity contributions involved for this loan ?

Your advice please.

Regards,
Rex

10 12 2012
Jeremy Ningiga

Hi Rex
please contact your nearest NDB Branch, and they will be able to provide you with a more detailed answer to your question. The contact details for your nearest NDB Branch can be found on the Contact Details page of this blog.
Thanks

4 12 2012
Bernard Bal

My wife and I own a small piece of land along the old highway in Jiwaka province. Recently, I resigned from the public service and want support my family to run a small canteen we have on our property. I need small loan as a start up capital.

As Jiwaka is a new province, Iam not sore whether we have a NDB branch or agency there that can help us.

Thank you

Bernard Bal

10 12 2012
Jeremy Ningiga

Hi Bernard
NDB has an office in Banz. Phone 5462551 or email: jrambu@devbank.com.pg
Thanks

7 01 2013
Ngance Kale

Hi,
Firstly, Thank you NDB for letting us know that there is a NDB branch in Banz, Jiwaka Province.

I have a trade store business in Tabibuga, Jimi District, Jiwaka Province and I am looking at getting additional loan to increase operations and venture into other opportunities that I see present here at home, especially in coffee buying.

Now my problem would be to get a loan from NDB to help me purchase a motor vehicle to help me transport my coffee bags to the nearest factories in town and I am wondering if there is such service at NDB to allow small business owners to do that.

I will definitely walk into your NDB branch in Banz and discuss with the staff there, but can you give me some heads up on what to bring with me, especially the needed documents etc so I can be prepared in advance before meeting your staff.

Thanks and I look forward to hear from you soon.

Ngance Kale

8 01 2013
Jeremy Ningiga

Hi Ngance
NDB has a number of different loan products that have different requirements, so the NDB Banz office will be in the best position to tell you what is required. Please contact NDB Banz so that they will be able to assist you.
Thanks

9 02 2013
Grace Galkorai Kiripe

Hello
My wife had started from street sales activities and went to the extreme of distributing palmal cigarettes and flex cards in the PNG LNG pipe line project from Kikori to Moro. She is now intending to buy a bus or a Troop carrier (10 seater) for ferrying passengers from Kikori to Mt Hagen. She now have K50,000 and needs a further K50,000 achieve her dreams. Will you give her some useful advices on how she would go about securing the loan and how it can be repayed. Worse still, she doesn’t have a IPA certificate that may probably disqualify her from getting the loan?

11 02 2013
Jeremy Ningiga

Hi
I would suggest that your wife goes into the nearest NDB branch and asks to see someone who can help her with a Women In Business Loan application.
Thanks

10 05 2013
cayleb w Bikambo

Please can any. One at ndb lae help me getting a. Loan to start. Up a PMV bus business
Thanks Cayleb-Lae

3 06 2013
Jeremy Ningiga

Hi Cayleb
please contact NDB Lae Branch so that they will be able to assist you.

Ph:472 1711/263
Fax:472 5416
P.O. BOX 341, Lae, MP
lae@devbank.com.pg

Thanks

29 08 2013
Sharon Ragat

Thank you NBD for realizing the dreams of simple Papua New Guineans work extra hard not only for their own benefit but for the economical benefit of our country. Well done NDB.

4 09 2013
Lenny Sare

I am very much happy to know about this site, I am current a public servant working in my province and I want to start up a mini service station along the road side in my village. What type of loan am I eligible to get.

Cheers Lenny

2 10 2013
Jeremy Ningiga

Hi Lenny
please contact your nearest NDB branch who will be able to assist you with your questions.
Thanks

27 09 2013
Sharon Bun

What are the requirements for youth and business?

2 10 2013
Jeremy Ningiga

Hi Sharon
please contact your nearest NDB Branch who will be able to assist you with your questions.
Thanks

29 12 2013
Bill.Habis

Thank you very much for the start,I just opened up an account with the NDB.And hope that it will not turn out to be like the other banks with to many service fees…

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