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Category: Media Release

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Media Release Public Notice

Real Stories, Real Impact: Lending Made Easy at NCSL

For over 20 years, NCSL Savings & Loan has humbly as Papua New Guinea’s leading member-owned financial institution. With over 150, 000 contributors nationwide, we’ve built a legacy of trust, innovation,
and service delivering savings and loan solutions that are not only secure and accessible but importantly tailored to the everyday needs of our people. Our mission to improve lives through digitally driven financial services continues to shape the future of savings and loan in PNG, and the experiences our members share continue to inspire and guide us.

One such story is that of Tau Bega who joined NCSL on July 7, 2025. For Tau, this wasn’t just another financial institution, it was a transformative experience rooted in convenience, efficiency, and genuine member care. As a professional in the lending sector, Bega is well-versed in financial services. Yet, what he discovered at
NCSL left a lasting impression. “I’m truly impressed by the speed of applying for a personal loan 1:1, just a few keystrokes and it’s done,” he shared. “It’s a game-changer.” His journey began with a Seivins Chat Presentation conducted by NCSL’s Ms. Vicky Moriani, Customer
Service Consultant in Alotau. Her patient and knowledgeable guidance through the online registration and

loan process exemplifies the heart of NCSL’s member-first approach. “Her support made the entire experience seamless,” Bega said with appreciation. What sets NCSL apart, according to Bega, is not just the technology but the thoughtfulness behind it.

The MyNCSL App, available on the Playstore and online, gives members direct access to their accounts anytime, anywhere. “It personalizes your services,” he said, “giving clients control and convenience on the
go.”

But it’s the Personal Loan product that truly stands out. “Highly recommended,” Bega emphasized. “It’s extremely flexible and user-friendly, cutting out the traditional bulky loan application forms. And the turnaround time? Next to none.”

Beyond loans, Bega praised NCSL’s wide range of savings products designed to meet the practical needs of Papua New Guinea’s working class. With competitive interest rates and a member-first approach, NCSL continues to redefine what convenient digital services can look like. “I’ll definitely recommend NCSL to others seeking convenience including my family members,” Bega said. “It’s not just a service; it’s a smarter way to manage your money.”

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Media Release

NCSL Loans Can Help – Celebrate Independence with Financial Confidence

Loan Types and Details
Loan Type Borrowing Limit Interest Rate (Per Annum) Best For
1:1 Equal to your savings balance 14% Members who want to borrow responsibly based on their savings
1:2 Up to twice your savings balance 20% Members needing a higher loan amount with manageable repayment terms
1:5 Up to five times your savings 26% Members with strong savings history and employer support, seeking larger loans

 

In today’s uncertain financial climate, having access to reliable support matters more than ever. That’s why NCSL Savings & Loan Society is helping Papua New Guineans take control of their financial future — not just through borrowing, but through smart, consistent saving.

At NCSL, we believe your savings are your strength. The more you save, the more you can borrow — giving you access to affordable loans for personal, business, or customary needs. It’s simple and that’s helping thousands of members turn everyday savings into real opportunities. Preparing for family obligations? NCSL’s loan products are designed to support your goals and they’re easier to access
when you’ve built a strong savings history.

Through workplace visits and community outreach, we’re showing Papua New Guineans how saving regularly not only boosts loan eligibility but also builds long-term financial resilience. And with digital tools like Mobile USSD (*628#), MyNCSL Member Online and App, saving and borrowing is now just a few taps away.

Not a member yet? Join NCSL today and start your journey toward financial freedom. When you save more, you’re unlocking more borrowing power and building a stronger future for yourself and your family. Save smart. Borrow better. Grow stronger with NCSL.

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Media Release

NCSL Encourages a Savings Culture Among Students in Kokopo and Rabaul

NCSL Savings & Loan recently took part in the Young Minds Savings Campaign in Kokopo and Rabaul, connecting with students and encouraging them to start building a savings culture early in life.
Held from August 25th to 29th, the campaign reached students at Kokopo Secondary School, Malaguna Technical Secondary School, and Kerevat National High School. NCSL staff were on the ground, speaking directly with students about the importance of saving not just for today, but for their future. “We’re not here to talk numbers,” said Delma Bualten, NCSL Area Manager for Southern & NGI Region. “We’re here to help young people understand that saving even a kina a day can make a real difference over time.”

Students were encouraged to start small, saving K1 a day, tracking their progress on a calendar, and eventually depositing into an NCSL Contributions Account. While many students were under 18 and not
yet eligible to open accounts, NCSL was able to assist those who were able to register.

Some students also registered for MyNCSL Member Online, gaining access to NCSL’s digital services and learning how to manage their savings online. Teachers and school leaders expressed interest in future
engagement, with plans to onboard more staff in upcoming school terms.

Throughout the campaign, NCSL’s focus was clear, to support students in developing good financial habits early, and to be a trusted partner as they grow into financially responsible adults.

“Whether they open an account now or later, we want students to know that NCSL is here for them,” said Ms. Bualten. “We’re proud to be part of their journey.”

This campaign reflects NCSL’s ongoing commitment to financial literacy, member support, and community outreach. By encouraging a savings culture among students, NCSL is helping shape a generation that values planning, discipline, and financial wellbeing, one kina at a time.

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Media Release

NCSL Donates to Friends of POM Gen – A Heartfelt Contribution to Mothers and Children

Port Moresby, Papua New Guinea – In celebration of Papua New Guinea’s 50th Independence Anniversary, NCSL Savings & Loan Society has made a heartfelt donation to Friends of POM Gen, reaffirming its commitment to community care and social responsibility.

This milestone anniversary is not only a time to celebrate our nation’s progress, but also a moment to reflect on the values that unite us — compassion, resilience, and the spirit of giving back. NCSL’s donation is a tribute to the mothers and children who represent the heart and future of our nation. NCSL Savings & Loan General Manager Operations & ICT, Mr. Shane Kennedy said, “Mothers are the foundation of every family, and children are the promise of tomorrow. This donation aims to bring comfort and support to those receiving care at Port Moresby General Hospital, especially in the maternity and children’s wards.

The donation includes a range of essential items:
• Baby care products – wipes, diapers, infant formulas, powders, soap
• Hygiene items – sanitary pads, bath soap, toilet rolls
• Nutritional support – milk, Milo, juice boxes, variety of biscuits, noodles, cereal
• Comfort items – blankets and pillows
• Food staples – tinned food and other non-perishables
These items were carefully selected to meet the immediate needs of patients and families, offering both practical support and a message of care.

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Media Release

This Independence, Choose Financial Freedom

As Papua New Guinea proudly celebrates its Independence, NCSL invites you our valued members to
reflect on a deeper kind of freedom: the power to take control of your financial future with clarity,
confidence, and purpose.
Financial freedom isn’t just about having more, it’s about making smart choices that support your goals,
your family, and your peace of mind. At NCSL, we believe true empowerment begins with financial
discipline. It’s the kind that helps you avoid unnecessary debt, stay prepared for life’s uncertainties, and
build a future you can be proud of.
We’re here to make life better for our members not just through products, but through purpose. Whether
you’re saving for school fees, emergencies, or long-term goals, your savings are a tool for growth. And
when you need a little extra support, our competitive lending rates are designed to help you move
forward without compromising your financial wellbeing.
With NCSL, the more you save, the more you benefit not just in interest earned, but in opportunity
unlocked. Our lending solutions are tailored to meet your needs, offering affordable interest rates, flexible
repayment options, and quick access to funds through convenient and accessible digital services so you
can make empowered decisions that uplift your life, not overwhelm it.
This Independence, choose financial freedom. Choose NCSL

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Media Release

Savings and Loan Transactions Made Easier with MyNCSL Online

NCSL Savings and Loan has enhanced member convenience by making savings and loan transactions
more accessible than ever—anytime, anywhere, right at your fingertips.
The new MyNCSL Member Online platform provides all the essential features you need. Members can:
• View account balances
• Download savings and loan statements
• Make transfers
• Apply for loans, including Personal Loan 1:1 and higher tiers such as 1:2 or 1:5
For those looking to grow their savings, the Adhoc Remittance feature is also available on MyNCSL.
Every additional Kina saved not only increases your balance but also earns more interest and boosts
your borrowing capacity when needed.
This convenience was recently experienced by new member Elizabeth Renagi, an employee of Stocks
& Partners, who successfully registered for MyNCSL on the same day her membership was created—
using the Wokabaut tablet.
Others, impressed by the platform’s simplicity and efficiency, have expressed interest in joining NCSL
after seeing how easy it is to navigate MyNCSL Member Online.

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Media Release

Save Now, Enjoy Later – The NCSL Way

In today’s fast-paced economy, financial decisions are no longer just about convenience—they’re about
strategy. Whether you’re saving to support family needs, or planning for the future, where you choose to
save or borrow can significantly impact your financial wellbeing.
At NCSL Savings and Loan Society, we believe that saving is more than just setting money aside. It’s
about creating options, building financial security, and preparing for what’s next. As a member-owned,
not-for-profit institution, NCSL is proud to be at the forefront of cultivating a savings culture across
Papua New Guinea’s workforce. Through strong partnerships with employers nationwide, we’re making
saving a practical and empowering habit.
What sets NCSL apart is our unwavering commitment to our members. Every product and service we offer
is designed with real people in mind tailored to meet genuine needs, not just financial targets. From
savings accounts to secured personal loans, our focus is not on profit, but on delivering accessible,
affordable, and meaningful financial solutions.
Thoughtful Lending Begins with Informed Choices. Before deciding where to save or borrow, it’s essential
to compare interest rates. Taking a few extra minutes to understand what different institutions offer could
save you hundreds—if not thousands of Kina over time.
At NCSL, we offer some of the most competitive rates in the market:
Savings Products:
• 6% interest per annum on Christmas and Kids Savings Accounts
• 3% interest per annum on Education Savings Accounts
• 1.75% interest per annum on General Savings Accounts
Loan Products:
• 14% interest per annum for savings-secured 1:1 personal loans
• 20% to 26% interest per annum for higher-ratio loans (1:2 and 1:5)
These rates reflect our commitment to responsible lending—ensuring that borrowing remains manageable
and aligned with our members’ financial wellbeing.
Digital Access through our MyNCSL digital platform, members can access their savings accounts,
transfer funds, and apply for loans anytime, anywhere whether via the mobile app or our website. It’s
financial empowerment at your fingertips. At NCSL, we don’t just offer financial products—we
offer membership with purpose. A membership that listens, adapts, and puts people first. So, before you
make your next financial move, ask yourself: Is my financial institution working for me?
Make the smarter choice. Join us by becoming a member and you will experience that we care about you
and your family throughout your financial journey.

Categories
Media Release

NCSL: Championing a Smarter Way to Save in Papua New Guinea

In a time when financial decisions matter more than ever, NCSL Savings and Loan Society is
esteemed to stand as a member owned not-for-profit institution committed to helping Papua New
Guineans to build a better financial future.
NCSL is not just another financial service provider; we are your partner in progress, working with
employers across the country to champion a strong savings culture in the workforce. We offer secure
savings options, low-interest loans, and digital services that make managing your money easier,
faster, and more accessible whenever and wherever you are.
We are passionate about improving the quality of life for our members by offering financial products
and services that are practical, simple and affordable,
Before you decide where to save or borrow, always check and compare the interest rates. It might
cost you some time, but this can save you hundreds of Kinas. Make informed choices and you will
see why more Papua New Guineans who have to work hard for their money and care for their family,
are choosing NCSL as their preferred savings and loan society.
Join us by becoming a member and you will experience that we care about you and your family
throughout your financial journey.

Categories
Media Release

NCSL’s Digital Leap – Real-time onboarding using Wokabaut Tablets

Head Office, NCSL Savings & Loan has successfully reintroduced its Wokabaut Tablets,
streamlining the new member onboarding process and improving service delivery.
In collaboration with CEFI and UNDP NCSL took part in a 3-day financial literacy program where
the Wokabaut tablets were used to onboard new members in real time during the recent member
engagement in oil palm rich township of Bialla and Kimbe, West New Britain.
Members accounts were opened in under 5 minutes and members issued with their membership
numbers straight on the spot with ease even with limited to no accessibility to network coverage
showcasing the tablets capabilities of opening accounts in offline mode.
“The goal was simply to make it easier for the members to open an account and get started on their
savings journey with NCSL and guiding them through the registration process, on our Digital
Services such as MyNCSL and Mobile USSD. This is about giving our members a better experience,
no long queues, no paperwork delays, just fast, reliable service that puts the member first.” said
Gila Ebenosi, Head of Digital Services.
The success of the pilot highlights NCSL’s commitment to improving member access and
convenience through smart, practical technology. It’s a step forward in making financial services
more responsive, accessible and member focused.

Categories
Media Release

NCSL Team Joins the Colour Run for a Cause

The NCSL Team took part in the Islands Petroleum Charity Colour Run on Sunday 27th July, in Port Moresby.
Staff and their families came out in numbers to support a meaningful cause, joining the colourful event with energy and team spirit.
“It was a great way to support the community while enjoying some fun and fitness,” said Richard, an NCSL staff member. As a team, we’re passionate about contributing to initiatives that promote better health for our nation.
NCSL is humbled to contribute and be part of Islands Petroleum’s initiative, with all proceeds supporting Port Moresby General Hospital’s Emergency and Obstetrics & Gynaecology departments.
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