This period continues to be one of the most financially demanding times of the year and NCSL Savings & Loan approach remains grounded in its long-standing promise: simple, affordable and
responsible lending for members.

While some financial institutions raise interest rates or introduce complex conditions around this time, NCSL has held firm to providing loan products that are transparent and fair, enabling families to prepare
for school with confidence rather than uncertainty.

What sets NCSL apart is its focus on member wellbeing. The society’s back-to-school loan options are built around realistic repayment schedules, straightforward terms and competitive interest rates that allow members to stretch their pay with minimal stress. Loan processing is efficient, and approvals are guided by responsible lending practices that prioritise long-term financial stability over short-term gains.

This commitment becomes especially important at the start of the school year, when many households feel pressured into accepting the first loan offered to them. NCSL encourages all members to compare
interest rates before signing any loan agreement whether it is with NCSL or another lender. A loan mayappear convenient on the surface, but the true cost lies in the rate, fees, and repayment structure. Some
lenders promote low weekly repayments but compensate with higher rates or hidden charges that inflate the overall cost.

By contrast, NCSL provides members with clear information upfront. Members know the interest rate, the repayment period, and how much will be deducted from their payroll. This clarity allows families to plan
ahead and avoid financial surprises that may arise later in the year.

The back-to-school season is not simply another spending period. It represents an investment in children’s education and future opportunities. NCSL believes that such investments should not force families into financial hardship. That is why the organisation continues to refine its products around the everyday realities faced by its membership giving them access to loan that supports their needs without compromising their financial wellbeing.

For many members, a NCSL loan means the difference between delaying fees and sending children to school on time. It means purchasing quality uniforms, covering transport costs, and meeting school requirements without resorting to high-cost lenders.

As the new school year started, NCSL encourages members to take the time to review their options, understand the total cost of borrowing, and make informed choices. With our member-focused approach
and consistent commitment to affordability, we remain reliable for families preparing for school.

Loans At NCSL Are Affordable

• Manageable repayments, for example with a K1,000 loan, a repayment of about K41 per fortnight, making budgeting easier for families
• Payroll-deducted repayments, reducing the risk of missed loan repayments

Easy to Apply

• Apply for loans online anytime through MyNCSL Member Online or Mobile USSD
• Track loan applications and manage accounts digitally, without branch visits or long queues

As the festive season approaches, NCSL is reminding members that financial flexibility is within
reach. With holiday travels, family commitments, and major expenses often creating added
pressure, NCSL’s Higher Ratio Lending options 1:2 and 1:5 is designed to help members
borrow responsibly and affordably.
“Our goal is to make life easier for our members during this busy time,” said Mr. Frans Kootte,
Chief Executive Officer at NCSL. “We understand the realities of the season and want to ensure
members have access to funds without unnecessary stress.”
What makes our Higher Ratio Personal Loans stand out?

• Borrow up to 2x or 5x of your savings
• Flexible repayment terms
• Affordable interest rates from 20% – 26% per annum
• No account keeping fees
• Apply via MyNCSL Member Online

These options are ideal for major expenses to festive travel and family commitments. Our
priority is to ensure you have access to funds when you need them most, at rates that remain
competitive and affordable because at NCSL, we don’t just provide loans we provide solutions
for your peace of mind.

Terms & Condition’s apply. Interest rates effective July 1, 2025, and subject to change.