Embedded Files
Mahogany Finance offers a specialised personal loan designed for established senior salaried employees who demonstrate strong financial discipline and stable employment.
This facility is primarily intended for executives, managers, senior public servants, and long-term employees who maintain a healthy surplus income after all financial commitments and who have a sound asset base.
For public sector employees, eligibility generally applies to officers from Grade 13 and above, while private sector applicants are expected to have a minimum of three years’ continuous employment in their current role.
Why Choose Mahogany Finance for an Executive Personal Loan?
Fast Loan Assessment
Fast Loan Assessment
Loan assessments are typically completed within 48 hours once all required documents have been received. Funding is subject to approval.
Suitable Loan Terms
Suitable Loan Terms
Repayment terms range from 1 to 4 years, subject to assessment and approval.
Fixed Interest Rates
Fixed Interest Rates
Your interest rate remains fixed throughout the agreed loan term.
Personalised Service
Personalised Service
Our team will guide you through the application process and explain your loan requirements.
Benefits of an Executive Personal Loan
Fund Personal Expenses
Fund Personal Expenses
Use your loan for renovations, education, family obligations or major personal purchases.
Spread Your Repayments
Spread Your Repayments
Repay the loan over an agreed period based on your repayment capacity.
Convenient Repayment Options
Convenient Repayment Options
Make repayments through an approved employer salary deduction. Standing orders may be accepted following assessment and management approval.
Clear Loan Information
Clear Loan Information
Review your repayment schedule, interest and fees before accepting your loan offer.
Executive Personal Loan Features
Minimum Loan Amount: K10,000
Loan Terms in Fortnights: 26-104 fortnights
Loan Terms in Months: 12-48 months
Interest Rate: Fixed throughout the loan term
Personal Loan Repayment Calculator PNG
Estimate your fortnightly repayments for a Mahogany Finance Personal Loan. Enter your loan amount and preferred repayment term to get started.
Loan Repayment Calculator
Loan Repayment Calculator
Executive Personal Loan Application Requirements
Submit all required documents listed below with your application.
K10,000 – K50,000
K10,000 – K50,000
Fully completed loan application form.
Last two (2) pay slips.
Confirmation of employment letter including your role, years employed and full salary package.
Last 2 months bank statements or ATM mini statement showing last salary deposit and copy of ATM card.
Two forms of full color photographic identification.
Loan statements for all other loans.
K50,001 and Over
K50,001 and Over
Fully completed loan application form.
Last three (3) pay slips.
Confirmation of employment letter including your role, years employed and full salary package.
Where employed under contract, a copy of your employment contract.
Confirmation of asset ownership such as a copy of title of property or motor vehicle registration.
Last six (6) months' bank statements where salaries and other income are paid.
Last six (6) months' loan statements for all other loans.
Supporting documentation for all other income such as a rental agreement.
Two forms of full color photographic identification.
Details of any security you are offering to support the loan request.
How to Apply
1.
Download and complete the appropriate Personal Loan Application Form.
2.
Provide the required identification, employment and financial documents.
3.
Arrange the required salary deduction documentation with your employer. Standing order arrangements may be accepted following assessment and management approval.
4.
Submit your completed application and supporting documents to Mahogany Finance.
5.
Our team will assess your application and contact you regarding the next steps.
Executive Personal Loan Application Forms
Download and complete the appropriate Mahogany Finance Personal Loan Application Form below.
Frequently Asked Questions
Who can apply?
Who can apply?
Eligible applicants include executives, managers, senior public servants generally from Grade 13 and above, and established salaried employees. Private sector applicants are generally expected to have at least three years’ continuous employment in their current role.
How much can i borrow?
How much can i borrow?
The minimum loan amount is K10,000. The amount approved depends on your financial circumstances and repayment capacity.
What documents are required?
What documents are required?
Requirements vary by loan amount and applicant circumstances. They include identification, payslips, employment confirmation, bank statements and details of existing loans. Contact our team for the current checklist.
Is security required?
Is security required?
Security is only required for a secured personal loan. No security is required for an unsecured personal loan.
How are repayments made?
How are repayments made?
Repayments must be supported by an approved salary deduction or standing order. Standing orders may be accepted following assessment and management approval.
How do i find out my repayments?
How do i find out my repayments?
Contact our team for a repayment quotation showing the applicable interest, fees and total amount repayable.
Contact us today to find out what our highly experienced team can do for your business.
Phone, WhatsApp OR Email Us Below
PORT MORESBY BRANCH
Lot 4, Sec 35, Munidobu Street, Konedobu, Port Moresby, NCD
LAE BRANCH
Office 9, Professional Haus, 5 th Street, Lae, Morobe Province
GOROKA BRANCH
Part DJ Haus, 2F Shop 3, Lot 14, Sec 4, Fox Street, Goroka,
Eastern Highlands
Disclaimer: Interest rates and approval conditions vary based on individual circumstances.
Terms and conditions apply.
Page updated
Report abuse