NCSL signs staff home ownership scheme with Kina

Business

NASFUND Contributor’s Savings and Loan Society (NCSL) staff can now obtain home loans from Kina Bank under its home ownership scheme.
A memorandum of understanding, signed last week, would see Kina take first mortgage over the financed property and NCSL would take the second mortgage.
NCSL has more than 80 workers, with almost 50 per cent eligible for the arrangement.
NCSL chief executive officer Vari Lahui said the arrangement would allow staff to have their own homes.
“Housing is an essential need and NCSL is providing assistance to its staff under the staff homeownership scheme to allow them to purchase or build their own homes,” he said.
“We thank Kina Bank for coming on board to facilitate this.”