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EF Global Group Business Loan.

Searching for the right business loan and developing a financial plan can be tricky but we’re here to help you. At EFGlobalGroup Bank we understand your desire to grow your business and we understand that investing in equipment, technology and even property is important for long term business growth. So, when it comes to finding the right loan and applying, it shouldn’t become a stress point for you or your business. Our EF Global Group Business Loan offers everything you need to grow your business with flexible loan terms and market leading rates.

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Key Product Features

Borrowing Amount

A EF Global Group Business Loan is designed to support long-term growth for your company, and that’s why we offer uncapped lending limits. We base lending limits off your ability to meet scheduled repayments and we work with you to identify the borrowing amount. Our number one priority is to be your lending partner and guide you through the journey.

Loan Terms

While some banks want to lock you into extended terms that make it difficult for you to plan, that’s not the way work. We prefer to guide you along your lending journey and focus on offering you flexible options when it comes to loan terms. Our terms range from 1 year through to 15 years.

Interest Rate

Offering competitive and market-leading interest rates is important to us. Our aim is to support you and provide you with a clearly defined rate with no hidden charges, that’s why our EF Global Group Business Loan offers rates starting from 6.25% p.a.

Payment Period

Cashflow is the most important piece to the puzzle in any organisation. Our repayments are set up to be made monthly, it gives you the freedom to plan and manage your cashflow in a way that suits you, not us.

What About Other Fees?

Good question. There are some fees associated with our EF Global Group Business Lending. For all the details, please refer to Fees and Charges Schedule.

Frequently Asked Questions

What is a EF Global Group Business Loan?

A EF Global Group Business loan is a type of loan that uses an asset or funds belonging to your business as security. This may mean using your EF Global Group Cash Management Account as security or even using a property as security.

How do I qualify for a EF Global Group Business Loan?

To qualify for our EF Global Group Business Loan you must operate a registered company and have your valid IPA certification. You will also be required to provide annual tax returns from the last three years and financial statements to support the returns.

How do I apply for a EF Global Group Business Loan?

To apply for a EF Global Group Business Loan you will need to speak to one of our customer service representatives in branch or via our call centre. Our team will help guide you through the process and identify the correct loan amount and loan term you need. As part of the application you will need to show a minimum turnover of PGK5,000,000, show proof that your company has been operating for a minimum of three years and also provide a 12-month cashflow projection. You will also be required to provide documents showing your business registration, and have 2 forms valid ID. To apply, visit one of our branches or call us on 308 3800. You can also call toll-free on 180 1525 or email us at info@efglobalgroup.com.

What are forms of primary ID?

When applying for a new account you will need to have 2 forms of primary ID. We classify primary ID as:

Passport (foreign passport must include a copy of your entry permit)
Driver’s licence
Employment ID card with employment confirmation letter
Current student ID and confirmation letter from your tertiary provider
Superannuation membership card
PNG work permit with Labour & Industrial Relations letter
PNG Government issued photographic Licence and or Permit
National Identity card issued by NID office

*All forms of ID must be valid. Any expired ID won’t meet the ID requirements and as such we won’t be able to accept the ID. If you don’t have 2 forms of primary ID please call us on 308 3800 or 180 1525.

What are the features of the EF Global Group Business Loan?

We make budgeting a breeze, with easy to manage monthly repayments on all of our EF Global Group Business Loans. Our EF Global Group Business Loan has been set up to offer flexible loan terms and marketing leading interest rates, starting at 6.25% pa.

What are the fees and charges attached to the EF Global Group Business Loan?

We’ve worked hard to provide a business loan product that is more accessible for everyone, however some fees still apply. For the full breakdown of fees and charges please refer to our schedule.

If I am an existing EFGlobalGroup Bank customer, am I eligible to apply for a EF Global Group Business Loan?

Yes. You will be subject to the normal application process and security requirements. But as an existing EFGlobalGroup Bank customer, your current accounts and loans can be used to review your eligibility.

What is the minimum company turnover required to apply for the EF Global Group Business Loan?

To apply for a EF Global Group Business Loan, you need to have a minimum company turnover of PGK5,000,000

Can I refinance my current business loan across to the EF Global Group Business Loan?

Yes, if you have a business loan with another bank or financial services institution speak to one of our Business Advisors today. They will help to secure your new concessional loan rate.