Kina Bank to provide Home Loans to ncsl staff ncsl staff can now obtain home loans from Kina Bank and this was made possible through a Memorandum of Understanding (MoU) signed by both Chief Executive Officers of ncsl and Kina Bank on Wednesday 28th July, 2021.
Under the signed agreement, Kina will take a first mortgage over the financed property and ncsl to take second mortgage. ncsl has over 80 staff with almost 50% eligible to participate under this arrangement.
ncsl’s CEO Mr. Vari Lahui welcomed the partnership saying the arrangement will now allow his staff to have their own home.
“Housing is an essential need and ncsl is providing assistance to its staff under the Staff Home ownership Scheme to allow them to purchase or build their own homes and we thank Kina Bank for coming on board to facilitate this,” the CEO said.
Mr Lahui mentioned that ncsl maintains its aspiration to become a bank and at some point in time in the not-too-distant future, ncsl will be looking to offer home loans to its members as well as its staff.
Mr Lahui acknowledged and thanked the ncsl and Kina Bank staff that were involved in the process leading to the signing of the agreement.