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.

At NCSL Savings & Loan, our mission is simple: to financially empower our members by providing secure savings and loan products that support their goals and everyday needs.

As the festive season approaches, many people face unexpected expenses. Unfortunately, this often leads to unplanned borrowing, which can turn a joyful Christmas into a stressful and costly experience.

That’s why at NCSL, we emphasize that planning ahead is the key to enjoying life’s most meaningful
moments, especially when family and community obligations are
involved.

By starting early and setting aside a certain amount—whether fortnightly, monthly, or on an ad hoc basis— for Christmas or any other purpose, you’ll be better prepared to manage unexpected expenses and may even avoid borrowing, saving yourself extra costs.
For example: Christmas is celebrated every year. While it may be too late to save for this festive season, you can start anytime for the next one. And because we believe in the Christmas spirit, we offer an interest rate that’s hard to find elsewhere.

Our Christmas Savings Account supports this approach by offering the following:

• 6% interest per annum on balances up to K100,000
• 3% interest per annum on balances above K100,000
  (Terms and conditions apply)
  This tiered interest structure helps your savings grow while preparing for family celebrations, gifts,
  community contributions, or personal goals.
  Why Choose NCSL for Your Christmas Savings Account?
• Tiered Interest & Competitive Rates – Earn high interest on savings while enjoying affordable loan
  rates compared to other financial institutions.
• No Account Keeping Fees
• Member-Owned & Focused – A large portion of NCSL’s annual profit is credited to members’
  General Savings Accounts.
• Digital Convenience – Access your funds anytime via MyNCSL Member Online, the MyNCSL App,
  or USSD (*628#).
• Inclusive Financial Access – Serving members across towns, villages, and workplaces with
  mobile registration and employer awareness programs.
• Trusted & Secure – Over 160,000 members rely on NCSL for safe, transparent financial services.