To better serve its members, NCSL has reviewed its loan automation approval process for personal loans offered under the 1:1 loan ratio to a maximum threshold of K50,000 per transaction. Personal loans under the 1:1 ratio are fully secured by savings where a member can only borrow up to the current savings balance that he/she has saved. According to NCSL’s Manager Credit, Mr. Kini Vali, any amount exceeding the threshold limit of K50,000.00 will need to go through a due diligence process. “Members who are not aware of this will see that their loan application for the amount over the maximum threshold will not be auto-approved,” he said. “We introduced the threshold as part of good credit risk management practice to minimize the risk of default by assessing the member’s character and capacity to repay the loan even though the loan is fully secured,” he continued. Members wishing to obtain a 1:1 loan exceeding the threshold amount and need more information can get in touch with the NCSL Lending team on 313 2010/313 2016 or email loansgroup@ncsl.com.pg Apart from 1:1 lending ratio, NCSL offers higher ratio loans, SME and Motor Vehicle loans and terms and conditions apply. For more information on this article, please contact Ms. Louise Mary Kodor – Media & Communications Officer on 313 2055 or email lkodor@ncsl.com.pg