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

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, please check here to 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 26% 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.


  • Borrowing twice the amount of your savings
  • Easily accessible
  • Instant processing
  • Instant access to funds

Loan Processing Timeframe

  • 24 hours excluding weekends and public holidays.

Fees & Charges

  • K50.00 is charged for approved applications or 0.1% of the loan amount.

How to Apply

  • Completed application signed by member and endorsed by employer;
  • 3 recent pay slips.
  • Bank statement (if first time applicant or new bank account);
  • Copy of identification card (if first time applicant);
  • Irrevocable order;
  • Employer confirmation letter;
  • Signed Credit Data Bureau search form.
  • Statement of financial position if total loan amount exceeds K10,000.00 (applicable to new and additional loans)
  • Online application available on Personal Online Services.

NCSL encourages members to submit online applications, If unsure, click here.

Approved loans are deposited into the member’s Poro Account for accessing using Poro Card.

If you do not have a Poro Card, inquire with our Call Centre Team by clicking here.


Subscribe to our newsletter