Withdrawn funds are transferred to the Poro account for easy and convenient access by using your Poro Card.
Minimum withdrawal amount of K200.00.
K20.00 minimum fortnightly contribution.
No Monthly account keeping fee is charged.
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Competitive interest rates.
Savings can be used as collateral to apply for loans.
Instant transfer of funds into Poro Account, depending on funds availability.
Free issue of Membership ID card for access to exclusive discounts from selected retail outlets.
General Savings
What is a General Savings account? Primary Savings Account for all purposes
What is the account opening fee? The fee to open a new General Savings account is K20.00
Can I access General Savings anytime? Yes, NCSL members can access their General Savings Account anytime but are limited to 1 transaction per month such as making a transfer within your accounts preferably Poro Account
Do I get paid interest? Yes, with General Savings account members are paid an annual interest of 1.5%
How Do I Open a General Savings account? To open a General Savings account you will be required to complete the new membership applications form and submit it at any NCSL branches with a copy of your valid identification. You can email your applications to NCSL Call Centre Team on callcentre@ncsl.com.pg
Christmas Savings
What is a Christmas Savings account? Savings Account specific to saving monies for the festive season
What is the account opening fee? The fee to open a new Christmas Savings account is K20.00
Can I accessChristmas Savings anytime? Members can access their Christmas savings account during the months of November, December, and January
Do I get paid interest? Yes, with Christmas Savings account members are paid an annual interest of 3 %
How Do I Open aChristmas Savings account? To open a Christmas Savings account you will be required to complete the new membership applications form and submit it at any NCSL branches with a copy of your valid identification. You can email your applications to NCSL Call Centre Team on callcentre@ncsl.com.pg
Education Savings
What is an Education Savings account? Savings account specific for education related expenses. Upon withdrawal request, the funds in this account are directly deposited to nominated school, institution, or supplier accounts.
What is the account opening fee? The fee to open a new Education Savings account is K20.00. Can I access Education Savings anytime? Members can access their Education Savings account during the school fee period whereby parents/guardians provide an invoice and NCSL does the payments directly to the school or supplier.
Do I get paid interest? Yes, with Education Savings account members are paid an annual interest of 3 %.
How Do I Open an Education Savings account? To open an Education Savings account you will be required to complete the new membership applications form and submit it at any NCSL branches with a copy of your valid identification. You can email your applications to NCSL Call Centre Team on callcentre@ncsl.com.pg
Withdrawn funds are transferred to the Poro account for easy and convenient access by using your Poro Card.
Minimum withdrawal amount of K200.00.
K20.00 minimum fortnightly contribution.
No Monthly account keeping fee is charged.
————–
Competitive interest rates.
Savings can be used as collateral to apply for loans.
Instant transfer of funds into Poro Account, depending on funds availability.
Free issue of Membership ID card for access to exclusive discounts from selected retail outlets.
Personal Loans 1:1
What is a personal 1:1 loan? A personal loan product that allows NCSL members to get a secured loan and can borrow up to the total current savings balance in the account
What is the interest rate? NCSL Personal 1:1 loan interest is 12 % per annum
How can I apply for a personal loan 1:1? You can apply for a personal 1:1 loan by completing a loan application and lodging this at any of NCSL branches or Apply via NCSL digital services such as personal online services or mobile USSD services
What is the turnaround time? Loan is processed instantly once approved and is credited to your Poro account
Where can I go to get more information? You can call into any of NCSL branches to seek further information and or assistance or call NCSL call centre on 207 2000 and email callcentre@ncsl.com.pg
Personal Loans 1:2
What is a personal 1:2 loan? A personal loan product that allows NCSL members to borrow twice the current savings balance subjected to NCSL lending team.
How can I apply for a personal loan 1:2? You can apply for a personal 1:2 loan by completing a loan application and lodging this at any of NCSL branches or Apply via NCSL digital services such as personal online services or mobile ussd services.
What is the turnaround time? Loan is processed instantly and once approval is given by ncsl funds are credited to your poro account.
Where can I go to get more information? You can call into any of NCSL branches to seek further information and or assistance or call NCSL Call Centre on 207 2000 and email: callcentre@ncsl.com.pg
Personal Loans 1:5
What is a personal 1:5 loan? A personal loan product that allows NCSL members to borrow 5 times the current savings balance subjected to NCSL lending team.
What is the interest rate? NCSL personal 1:5 loan interest is 16 % per annum.
How can I apply for a personal loan 1:5? You can apply for a personal 1:5 loan by completing a loan application and lodging this at any of NCSL branches or Apply via NCSL digital services such as personal online services or mobile ussd services.
What is the turnaround time? Loan is processed instantly and once approval is given by ncsl funds are credited to your Poro account.
Where can I go to get more information? You can call into any of NCSL branches to seek further information and or assistance or call NCSL Call Centre on 207 2000 and email: callcentre@ncsl.com.pg
