NCSL
Personal Loan 1:2
High Ratio Loan

Meeting your diverse financial needs is our priority to ensure we provide you suitable alternatives with less stress. 

Our higher ratio loans of 1:2 and 1:5 loans are compatible ratios ensuring you meet your obligations and still have extra to spare.

Personal Loans 1:2 Ratio

This loan type is accessible to members whose employers have agreed to NCSL’s terms of conditions under a Commitment Letter. The 1:2 ratio enables a member to borrow twice the current savings balance that he/ she has but subjected to assessment by our Lending Team.

Example:  If you have K1,000.00 in your savings account, you can borrow a maximum of K2,000.00.

Before submitting your application, see if your employer is registered for 1:2 loans.

  • K200.00 minimum loan
  • Unsecured loan
  • Maximum loan is dependent on available savings
  • Loan interest charged is 13.8% per annum
  • Minimum loan repayment term is 1 month
  • Maximum loan repayment terms is 60 months or 5 years
  • All loans must strictly adhere to the approved loan repayment schedule and through payroll deduction
  • Any interest rate in excess of 2.17% per month on the unpaid balance may be charged subject to the approval of the Bank of Papua New Guinea
  • The security against this lending is a written undertaking produced by a member’s employer to pay to NCSL the member’s “long service leave” or “severance entitlements” in the event that the member leaves employment or is not able to repay the loan
  • Your savings is used as security and any transfer from savings to loan is subject to approval by NCSL Lending
  • Online application available on Personal Online Services
Apply for a loan

Reliable finance options for any need

Resources
1:2 loan application
Loan Application Form
Credit Data Bureau Form
1:5 loan application
Loan Application Form
Credit Data Bureau Form