Tag: update
For over 20 years, NCSL Savings & Loan has humbly as Papua New Guinea’s leading member-owned financial institution. With over 150, 000 contributors nationwide, we’ve built a legacy of trust, innovation,
and service delivering savings and loan solutions that are not only secure and accessible but importantly tailored to the everyday needs of our people. Our mission to improve lives through digitally driven financial services continues to shape the future of savings and loan in PNG, and the experiences our members share continue to inspire and guide us.
One such story is that of Tau Bega who joined NCSL on July 7, 2025. For Tau, this wasn’t just another financial institution, it was a transformative experience rooted in convenience, efficiency, and genuine member care. As a professional in the lending sector, Bega is well-versed in financial services. Yet, what he discovered at
NCSL left a lasting impression. “I’m truly impressed by the speed of applying for a personal loan 1:1, just a few keystrokes and it’s done,” he shared. “It’s a game-changer.” His journey began with a Seivins Chat Presentation conducted by NCSL’s Ms. Vicky Moriani, Customer
Service Consultant in Alotau. Her patient and knowledgeable guidance through the online registration and
loan process exemplifies the heart of NCSL’s member-first approach. “Her support made the entire experience seamless,” Bega said with appreciation. What sets NCSL apart, according to Bega, is not just the technology but the thoughtfulness behind it.
The MyNCSL App, available on the Playstore and online, gives members direct access to their accounts anytime, anywhere. “It personalizes your services,” he said, “giving clients control and convenience on the
go.”
But it’s the Personal Loan product that truly stands out. “Highly recommended,” Bega emphasized. “It’s extremely flexible and user-friendly, cutting out the traditional bulky loan application forms. And the turnaround time? Next to none.”
Beyond loans, Bega praised NCSL’s wide range of savings products designed to meet the practical needs of Papua New Guinea’s working class. With competitive interest rates and a member-first approach, NCSL continues to redefine what convenient digital services can look like. “I’ll definitely recommend NCSL to others seeking convenience including my family members,” Bega said. “It’s not just a service; it’s a smarter way to manage your money.”
| 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.
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.
City Pharmacy Ltd (CPL) and Nasfund Contributors Savings & Loan Society Ltd (NCSL) have renewed their partnership agreement, solidifying their commitment to providing exclusive benefits to 150,000 active NCSL members. Effective November 15, 2024, this three-year mporo Plus (mPP) Discount Agreement enables NCSL members to enjoy exclusive discounts on select items at City Pharmacy, enhancing access to essential goods and services while supporting member savings.
Under the terms of the agreement, NCSL members will receive a 30% discount on all medical prescriptions and a 10% discount on all purchases at City Pharmacy, with certain exclusions such as digital products, baby formula, and concession lines. The discount program is available at all City Pharmacy outlets nationwide and will continue until either party chooses to terminate the agreement with prior notice.
Mr. Pradeep Panda, Head of Pharmacy at City Pharmacy, shared CPL’s commitment to extending this benefit nationwide. “We aim to be a trusted partner and prefer a more collaborative partnership with all our existing business partners, and this is a step towards that. With CPL’s presence in 19 provinces, this agreement covers all City Pharmacy outlets nationwide. NCSL members in other provinces can simply
walk into any City Pharmacy shop in their province of residence, present their NSCL members ID card, and access the discounts.”
Speaking at the signing, Mr. Frans Kootte, the Chief Executive Officer of NCSL expressed his appreciation. “We are extremely happy and deeply appreciative of the collaboration with City Pharmacy. As a Savings and Loan society, our focus is on supporting the everyday needs of our members and the people of Papua New Guinea. It’s vital that we contribute not only to the financial well-being of our members but also to the overall development of Papua New Guineans.”
This collaboration marks an exciting milestone for CPL and NCSL Savings and Loan as they work together to deliver valuable benefits to NCSL members across the country.
Dear Valued Members
Kindly be updated that we have restored Online Portal and Mobile Banking (*628#) services.
Poro Card service is still intermittent at this time and we will provide you an update once service is accessible.
Thank you for your patience and understanding.
NCSL Management
Thank you for being our member!
Dear Valued Members
Updated #4: Please be informed that our Poro Card service remains temporarily unavailable.
Our IT technicans are working to restore the Poro Card services as soon as possible. We will keep you informed from time to time.
For further assistance, please reach out to our call Centre Team on phone 207 2000 or email :callcentre@ncsl.com.pg
We sincerely apologise for any inconvinience caused by this.
NCSL MANAGEMENT
