Apply For Loan
Parliu Finance Limited offers two types of Loan products; the Public servants loan product and the Private sector employees loan product. Complete the application with the required documents for processing.
Product 1: Personal Loan for Public Servants
This product is tailored for public servants and employees of state-owned enterprises (SOEs) who receive their salaries through Alesco payroll system.
Eligibility:
- Employed in the public sector or SOEs, such as PNG DataCo, Telikom PNG, NAC, Water PNG, and PNG Power.
- Salary processed via the Alesco Payroll System or an equivalent government payroll system.
Loan Terms and Conditions:
- Loan Amounts: From K500 to K10,000.
- Interest Rate: Fixed 2% fortnightly.
- Repayment Periods:
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- K500–K2,000: 13 fortnights.
- K2,050–K5,000: 26 fortnights.
- K5,050–K10,000: 39 fortnights.
- Above K10,000 rate on application.
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Required Documents:
- Two recent payslips.
- A copy of valid employment ID (Driver’s License/NID/Passport).
- Employment confirmation letter from HR.
- Payroll entry confirmation with PVA.
- One-month bank statement.
- Loan statement for refinancing (if applicable).
Application Process:
- Request an application form, complete it, and submit a scanned copy to Parliu Finance Limited.
- Loan approval response within 24 hours.
Product 2: Personal Loan for Private Sector Employees
This short-term loan product is specifically designed for private sector employees to assist with financial needs such as school fees, medical bills, and funeral expenses.
Eligibility Criteria:
- Employed by a private sector organization with a Counterparty Agreement signed with Parliu Finance Limited.
- The company must have been operational in Papua New Guinea for at least 10 years with a reliable payroll system.
Loan Terms and Conditions:
- Loan Amounts: From K200 to K5,000 (loans exceeding K5,000 require special management authorization).
- Interest Rate: Fixed 2% fortnightly fixed at 13 fortnights.
- Repayment Periods: Flexible, up to 13 fortnights.
Required Documents for Employees:
- HR confirmation letter, including details on employment status, payroll deduction authorization, contract tenure, and disciplinary record.
- Two current payslips, stamped and signed by an authorized official.
- Pay deduction authorization form signed by the employee.
- Valid employee ID.
- two-month bank statement for the primary account up to current date.
Additional Features:
- Loan processing is completed on the same day as approval.
To apply for a Loan product, download the Loan application form, fill it and attach the required documents and send it to us for processing. For more information regarding the loan products please visit our Products & Services
Download Application Forms & Repayment Schedules below.