Tag: ncsl

Savings and Loan Transactions Made Easier with MyNCSL Online

Post author By Jacob Oii Segodi
Post date August 28, 2025
No Comments on 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.

Tags adhoc remittance, elizabeth Renagi, member, myncsl, ncsl, online, partners, Stocks & partners, tablet, wokabaut, yourncsl

Media Release

Save Now, Enjoy Later – The NCSL Way

Post author By Jacob Oii Segodi
Post date August 25, 2025
No Comments on 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.

Tags data, digital, financial, freedom, lending, loans, membership, myncsl, ncsl, not for profit, platform, products, Purpose, savings

Media Release

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

Post author By Jacob Oii Segodi
Post date August 19, 2025
No Comments on 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.