Money for a car or to better manage your debts and get ahead.

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.

Lending Ratio 1:2

To qualify for this ratio, a member must have sufficient long service leave entitlements and have been with the current employer for 3 years and more.

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

Requirements when applying

  • 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.


Processing Time

Service turnaround time for processing 1:2 application is 48 hours excluding weekends and public holidays.

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.

The 1:2 loan ratio is available for emergency and medical purposes.

Any 1:2 loans of K100,000.00 and above requires ncsl Board approval.

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

A loan fee of K25.00 is charged for approved applications. Please note for loans of K25,000.00 and above, 0.1% fee is charged.

Loan Eligibility

A member is eligible for a loan if he/she: –

(a) Has had a continuous payroll deduction contribution for a minimum period of 3 months.

(b) Has a minimum of K200.00 in their savings account.

(c) Is honest and of good character and has had no prior conviction for fraud or theft.

(d) Has a good credit rating.

Loan Interest Rate

The interest rate is charged at 1% per month on the reducing balance of all existing loans. All loans plus interest must be repaid within 1 to 60 months period.

Loan Repayments

  1. All loans must strictly adhere to the approved loan repayment schedule.
  2. Any interest rate in excess of 1% per month on the unpaid balance may be charged subject to the approval of the Registrar.


Your savings is used as security and maybe transferred to offset loan accounts.

Transfers are allowed after 3 months of obtaining the loan. Additional security shall be taken out on any particular loan if it is deemed necessary and in accordance with the ncsl Lending Guidelines.

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