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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

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

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.

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Members Notice/Update (Archives)

Easter Holiday Notice

Dear Valued members

Please note that we will be closed on the following days for Easter.
– Good Friday – Friday, 29th March 2024
– Easter Monday – Monday, 01 April 2024

In the Meantime, you can continue to have access to our savings and loan products and services through our mobile phone (*628#) and internet services.

We re-open to server you on Tuesday,02 April 2024.

We wish you and your family a Joyful and Blessed Easter.

NCSL Staff & Management

Thank you for being our Member

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Media Release (Archives) Members Notice/Update (Archives)

NCSL announces 2023 Profit of K 9.7 million

At its Board meeting on Friday, 22nd March 2024, NASFUND Contributors Savings and Loan Limited (NCSL) received the audited accounts for 2023 and announced a net profit of K 9.7 million for the 2023 financial year.

After 20% statutory reserving, this will be credited overnight to the savings accounts of the more than 147,000 members and paid in addition to the current interest rates which members are already receiving on their savings accounts.

This is a total of 4.15% for the 2023 financial year equating to K 11.6 million in interest on savings for NCSL members.

Other Financial highlights of 2023 were:

· Total Assets increased by 1.4% to K 316 million.

· Net Assets of K36.3 million.

· General Reserves increased by 8.2% to K 25.8 million,

· Total membership increased by 3.1% to 146,765 members,

· Members Savings increased by 2.5 % to K 274.5 million,

· Net Loan portfolio increased by 9.6% to K 152.8 million.

NCSL’s Chairman, Christopher Elphick thanked the support, patience, and trust which NCSL received from its members over 2023. During the year an extensive remediation process to improve Information Technology Risk Management was successfully undertaken.

The NCSL Board approved and embarked on a significant upgrade to its core systems to ensure modern digital offerings for its growing membership nationwide. A new call-centre system has been implemented so member queries are promptly answered. This includes NCSL employees receiving improved training with a more customer centric focus.

Elphick thanked his dedicated NCSL team and stated, NCSL remains committed to delivering modern digital services and affordable financial services to its members.

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Media Release (Archives) Members Notice/Update (Archives)

There Is Power In Savings

There is power in savings whether it’s from your fortnightly salary or a side hustle, says NCSL Member,
Joycelyn Mautu who opened her savings account with NCSL in 2021 when she began her formal
employment in Port Moresby.
Living in the city is expensive and so you must be disciplined in the way you handle your money, she shared.
Ms. Mautu who is employed by PNG Chamber of Resources and Energy, has been actively contributing a
part of her salary fortnightly and whenever she has some extra money, she puts it away in her savings
accounts to assist with her immediate and future needs.
“Emergency situations are inevitable and can happen at any time. Having savings parked aside gives me that
feel of security, and I am glad I have something to fall back on when I need it the most. And as an advice for
young people who are still in school, start practicing a savings culture today as it will help you with your
education needs and can meet the cost of your other expenses.
It is important that when you grow up, to know how to save and how to manage your money,” she said.
Being an NCSL member, Ms Mautu enjoys interests paid annually into her savings account. She is always
eager to check her balance at the end of each month to track her savings performance and the interest paid
into her account.
And if it is required, she can obtain a loan which is easier when she can show being able to set money aside
to save.
“So far, so good. I am very pleased with how I am managing my finances through saving with NCSL,” Ms.
Mautu concluded.

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