NCSL online services easing loan processing time


THE use of online services are helping the processing of loan applications by members of Nasfund Contributors Savings and Loan Society Limited (NCSL).
The online portal allows members to view their savings and loan balances, apply for instant savings withdrawals and loans, transfer funds and do other functions.
“Members applying for 1:1 loans should know that this process is now fully automated, which means there is no manual intervention and, therefore, the turn-around time is swift,” said NCSL lending manager Bernard Geita.
“1:2 loan applications will need to undergo screening and assessment for verification before the application is approved. Once members apply online, they have to confirm with their payroll officers for authorisation before following up with NCSL.”
Everything is now at the members’ fingertips for their convenience.
Withdrawals and loan applications submitted online are easier to process and involve less paperwork.