How to Check NASFUND Balance on Mobile Phone Using 627

As a NASFUND member, it's essential to keep track of your superannuation balance to plan for your future retirement. One of the easiest ways to do this is through your mobile phone. NASFUND has introduced a convenient way for members to access their account balances using their mobile phones through a USSD code, 627. 

In this article, we will guide you through the process of checking your NASFUND balance on your mobile phone using 627.

Step-by-Step Guide to Checking Your NASFUND Balance using 627

• Dial *627# on your mobile phone's dial pad.
• Press the 'call' or 'send' button to initiate the USSD code.
• You will be prompted to enter your NASFUND membership number. Type in your membership number and press 'send'.
• You will be asked to enter your date of birth in the format of DDMMYYYY. For example, if your date of birth is 1st January 1990, you would enter 01011990. Press 'send'.

Alternatively, you can initiate the 4 steps in one go as shown in the video:

The USSD code will then display your current NASFUND balance on your mobile phone screen.

A network fee of 10t will be charged to your phone.

Important Notes to Remember

You must have a mobile phone that is compatible with USSD codes and has an active connection to use this service.

Make sure that you have a sufficient credit balance on your mobile phone to avoid any issues with the transaction.

The USSD code service is available 24/7, but standard network charges may apply.

If you encounter any difficulties while checking your NASFUND balance using 627, you can contact the NASFUND Members Office for assistance.

NASFUND Balance Check

Checking your NASFUND balance using your mobile phone is a quick and convenient way to keep track of your superannuation savings. 

The USSD code service provided by NASFUND is easy to use and can be accessed from anywhere and at any time. By following the step-by-step guide outlined in this article, you can check your NASFUND balance on your mobile phone using 627.

 It's essential to keep track of your NASFUND balance regularly to ensure that you are on track towards achieving your retirement goals.

NCSL Employee Portal Manage Your Member Savings and Loan

The NCSL Employee Portal, also known as the NCSL Member Online Portal, is an online platform designed to offer members of the NASFUND Contributors Savings & Loan Society (NCSL) easy access to their account information, loan application status, and other services. 

With this portal, members can manage their savings and loan activities conveniently and efficiently from anywhere.

NCSC Online Portal Registration

To access the NCSL Employee Portal, you must first register for an account. To do this, you need to follow these simple steps:

• Visit the NCSL website at www.ncsl.com.pg
• Click on the "Member Login" button located at the top right-hand corner of the homepage.
• Click on the "Register" button to create a new account.
• Fill in the required personal information such as your name, email address, and mobile number.
• Create a password that is at least 8 characters long and contains both letters and numbers.
• Accept the terms and conditions of the portal by ticking the checkbox.
• Click on the "Register" button to complete the registration process.

NCSC Member Online Portal Login

Once you have successfully registered for the NCSL Employee Portal, you can now log in to your account using the following steps:

• Visit the NCSL website at www.ncsl.com.pg
• Click on the "Member Login" button located at the top right-hand corner of the homepage.
• Enter your registered email address and password.
• Click on the "Login" button.

Benefits of NCSL Employee Portal

The NCSL Employee Portal provides members with several benefits, including:

• Easy access to account information - Members can view their account balance, transaction history, and loan application status at any time.
• Convenient loan application - Members can apply for loans online and receive a quick response from the NCSL team.
• Mobile banking - The portal is mobile-friendly, allowing members to access their account information on the go.
• 24/7 customer support - Members can reach out to the NCSL Members Office for assistance with their login, password reset, or any other issues related to the portal.

How to Reset Password

If you forget your NCSL Employee Portal password, you can reset it using the following steps:

• Visit the NCSL website at www.ncsl.com.pg
• Click on the "Member Login" button located at the top right-hand corner of the homepage.
• Click on the "Forgot Password?" link located below the login button.
• Enter your registered email address and click on the "Submit" button.
• Follow the instructions sent to your email to reset your password.

Contact NCSL Members Office for Help with Login

If you encounter any issues with your NCSL Employee Portal login or registration, you can contact the NCSL Members Office for assistance. 

The office is open from Monday to Friday, from 8:00 am to 4:30 pm, and can be reached through the following channels:

• Call the office at +675 312 3333 or +675 312 3600
• Email the office at members@ncsl.com.pg
• Visit the NCSL office located at Section 38, Allotment 9, Islander Village, Port Moresby.

Conclusion (NCSL Employee Portal)

The NCSL Employee Portal provides members of the NASFUND Contributors Savings & Loan Society with a convenient and efficient way to manage their savings and loan activities. 

In case of any login issues, members can always reach out to the NCSL Members Office for assistance through the provided channels. 

The portal is a valuable tool for members who want to take control of their savings and loan activities conveniently and efficiently.

BSP Personal Loan Calculator Tips You Should Know

A personal loan is a popular financial product that can help you meet various expenses such as paying for a wedding, renovating your home, or funding your child's education. 

It can be challenging to know how much you should borrow and what your monthly payments will be. This is where a BSP personal loan calculator comes in handy.

BSP personal loan calculator 

BSP (Bank South Pacific) is a leading bank in the South Pacific region that offers a wide range of financial products and services, including personal loans. 

The BSP personal loan calculator is an online tool that allows you to calculate your loan repayment amount based on various parameters.

How to use the BSP personal loan calculator

Using the BSP personal loan calculator is a straightforward process. All you need to do is follow the steps below:

• Go to the BSP website: The first step is to visit the BSP website and navigate to the personal loan calculator page.

• Enter loan amount: Once you are on the personal loan calculator page, you need to enter the loan amount you want to borrow. This is the total amount you need to meet your expenses.

• Choose loan term: Next, choose the loan term, which is the period over which you will repay the loan. BSP offers loan terms of up to 5 years.

• Enter interest rate: The next step is to enter the interest rate. BSP offers competitive interest rates on personal loans, and you can find the current rate on their website.

• Click "Calculate": Once you have entered all the necessary information, click on the "Calculate" button. The calculator will then display the monthly repayment amount, including the principal and interest.

What many people don't know about the BSP personal loan calculator

While the BSP personal loan calculator is a useful tool for calculating your monthly loan repayment amount, there are a few things that many people don't know about it. 

Here are some important points to keep in mind:

• It doesn't take into account other fees: While the BSP personal loan calculator calculates your monthly repayment amount based on the loan amount, term, and interest rate, it doesn't include other fees such as application fees or processing fees. Make sure you factor in these fees when deciding on the total loan amount.
• The interest rate is subject to change: The interest rate on your personal loan is not fixed and is subject to change over time. Make sure you check the BSP website for the latest interest rates before applying for a loan.
• It's an estimate: The BSP personal loan calculator is only an estimate of your monthly repayment amount. The actual amount may vary depending on various factors such as late payments, changes in interest rates, and other fees.

The BSP personal loan calculator is a useful tool for anyone looking to apply for a personal loan. 

It allows you to calculate your monthly repayment amount based on various parameters, which can help you make an informed decision about your loan.

It's important to keep in mind that the calculator is only an estimate, and the actual loan amount may vary depending on other factors.

NDB SME Loan Requirements and Eligibility Info

The National Development Bank of Papua New Guinea (NDB) is a state-owned financial institution that provides financing solutions to small and medium-sized enterprises (SMEs) in the country. 

NDB offers a variety of loans to SMEs, including working capital loans, asset finance loans, and trade finance loans. 

In this article, we will explore the requirements and eligibility criteria for SMEs to apply for an NDB loan.

Eligibility criteria for NDB SME loans

To be eligible for an NDB SME loan, the business must meet the following criteria:

• Registered and operating in Papua New Guinea: The business must be registered with the Investment Promotion Authority (IPA) and must be operating in Papua New Guinea.

• SME classification: The business must be classified as an SME under the SME Policy of Papua New Guinea. The SME policy defines SMEs as businesses with an annual turnover of less than PGK 10 million and less than 100 employees.

• Good credit history: The business must have a good credit history and must not have any outstanding loans or debts with other financial institutions.

• Business plan: The business must have a clear and viable business plan, outlining its objectives, strategies, and financial projections.

• Collateral: The business must have sufficient collateral to secure the loan.

Requirements for NDB SME loans

To apply for an NDB SME loan, the business must provide the following documents:

• Business registration certificate: The business must provide a copy of its registration certificate issued by the IPA.

• Financial statements: The business must provide its financial statements for the last two years, including the balance sheet, profit and loss statement, and cash flow statement.

• Tax compliance certificate: The business must provide a tax compliance certificate issued by the Internal Revenue Commission (IRC) to prove that it is up to date with its tax obligations.

• Business plan: The business must provide a clear and viable business plan, outlining its objectives, strategies, and financial projections.

• Collateral documents: The business must provide documents to prove ownership of the collateral, such as land titles or vehicle registration documents.

• Other supporting documents: The business may also be required to provide other supporting documents, such as a copy of its lease agreement, proof of insurance, and references from suppliers or customers.

Loan application process

To apply for an NDB SME loan, the business must follow the following steps:

• Visit the NDB website and download the loan application form.

• Fill out the application form and attach all the required documents.

• Submit the application form and documents to the nearest NDB branch.

NDB will review the application and may request additional information or documents. If the loan application is approved, the business will be required to sign a loan agreement and provide the required collateral.

Once the loan agreement is signed and the collateral is provided, the loan funds will be disbursed to the business.

5 Tips about NDB SME loans

Based on the NDB website, here are five things you must do to get an NDB SME loan:

• Check your eligibility: Before applying for an NDB SME loan, you must ensure that your business meets the eligibility criteria set by NDB. This includes being registered and operating in Papua New Guinea, having a good credit history, and having sufficient collateral to secure the loan.

• Prepare the necessary documents: To apply for an NDB SME loan, you must provide several documents, including your business registration certificate, financial statements, tax compliance certificate, business plan, and collateral documents. Make sure you have all these documents prepared before submitting your loan application.

• Download the loan application form: The loan application form can be downloaded from the NDB website. Fill out the application form accurately, providing all the necessary information.

• Submit the application and documents: Once you have completed the loan application form and have all the necessary documents, submit them to the nearest NDB branch. NDB will review your application and may request additional information or documents.

• Sign the loan agreement and provide collateral: If your loan application is approved, you will be required to sign a loan agreement and provide the required collateral. Once these are done, the loan funds will be disbursed to your business. Make sure you understand the terms and conditions of the loan agreement before signing it.

How to Contact NDB PNG

There are several ways to contact the National Development Bank of Papua New Guinea (NDB) if you have any inquiries or concerns. Here are some of the ways to contact NDB.

• Phone: You can call the NDB customer service hotline at (+675) 321 8200. The hotline is open from 8:00 AM to 4:30 PM, Monday to Friday, except on public holidays.

• Email: You can send an email to NDB at info@ndb.com.pg. You can use this email address for general inquiries or to request information about NDB's products and services.

• Online contact form: You can also fill out an online contact form on the NDB website. Go to the "Contact Us" page on the website and fill out the form with your name, email address, phone number, and message. Click the "Submit" button, and NDB will respond to your inquiry as soon as possible.

• Social media: NDB has active social media accounts on Facebook, LinkedIn, and Twitter. You can send a message or post a comment on their social media pages, and NDB will respond to your inquiry.

• Visit a branch: If you prefer to speak to someone in person, you can visit one of the NDB branches in Papua New Guinea. NDB has branches in Port Moresby, Lae, Kokopo, Mount Hagen, and other locations. You can find the addresses and contact details of the branches on the NDB website.

When contacting NDB, make sure you have your account details or loan reference number handy if applicable. 

This will help NDB to assist you more efficiently. Additionally, be clear and specific about your inquiry or concern, so that NDB can provide you with the appropriate information or assistance.

NDB SME loans

NDB SME loans can be an excellent financing solution for small and medium-sized enterprises in Papua New Guinea. 

However, to be eligible for an NDB SME loan, the business must meet the eligibility criteria and provide all the required documents. 

The loan application process can be straightforward if the business follows the necessary steps and provides all the necessary documents. Therefore, SMEs can consider NDB SME loans as an option for financing their business operations.

BSP SME Loan Requirement and Eligibility You Should Know

Small and Medium Enterprises (SMEs) play a significant role in the economic development of Papua New Guinea. As such, the Bank of South Pacific (BSP) offers a range of financial products and services specifically designed for SMEs. 

One such product is the BSP SME Loan, which provides financing for business activities such as working capital, expansion, and asset purchases. 

In this article, we will explore the requirements and eligibility criteria for obtaining a BSP SME Loan.

Check out the information on BSP PaySecure App, click here.

BSP SME Loan Eligibility Criteria

To be eligible for a BSP SME Loan, applicants must meet the following criteria:

• Business Registration: The business must be registered with the Investment Promotion Authority (IPA) or the relevant government agency.

• Business Experience: The applicant must have at least two years of business experience in the same industry.

• Credit History: The applicant must have a good credit history with no defaults or outstanding debts.

• Collateral: The applicant must have collateral to secure the loan.

• Business Plan: The applicant must provide a comprehensive business plan that outlines the purpose of the loan, the projected cash flow, and the repayment plan.

BSP SME Loan Requirements

To apply for a BSP SME Loan, applicants must provide the following documents:

• Business Registration Certificate: This is a legal document that proves that the business is registered with the relevant government agency.

• Bank Statements: The applicant must provide at least six months of bank statements that show the business's financial history.

• Financial Statements: The applicant must provide a profit and loss statement and balance sheet for the last two years.

• Tax Returns: The applicant must provide the latest tax returns for the business.

• Collateral Documents: The applicant must provide documents that prove ownership of the collateral being offered to secure the loan.

• Business Plan: The applicant must provide a comprehensive business plan that outlines the purpose of the loan, the projected cash flow, and the repayment plan.

Loan Amount and Repayment Terms

The BSP SME Loan provides financing of up to PGK 1,000,000 with a repayment period of up to five years. The interest rate is fixed for the entire loan period, and the loan can be secured or unsecured, depending on the collateral provided.

The repayment terms for a BSP SME Loan are flexible, with repayment options including weekly, fortnightly, or monthly payments. 

The loan can also be repaid in full at any time without penalty.

BSP SME Loan is an excellent financing option

The BSP SME Loan is an excellent financing option for small and medium enterprises in Papua New Guinea. 

To be eligible for the loan, applicants must meet the eligibility criteria and provide the required documents. 

The loan provides flexible repayment terms, and the loan amount can be used for various business activities. 

If you are a small or medium business owner looking for financing options, the BSP SME Loan might be the right fit for you.

5 Things about BSP SME Loans that not many people know

1. BSP SME Loan offers a grace period: One of the unique features of the BSP SME Loan is that it offers a grace period of up to six months. This means that the borrower can defer the principal repayment for up to six months, which can help ease the initial burden on the business's cash flow.
2. The loan can be used for refinancing: Many people are unaware that the BSP SME Loan can also be used for refinancing existing loans from other financial institutions. This can be an excellent option for businesses looking to consolidate their debts and simplify their loan repayment process.
3. BSP SME Loan provides access to business advisory services: BSP offers business advisory services to its SME loan customers, which can help them improve their financial management and business performance. These services include financial planning, cash flow management, and business strategy development.
4. The loan amount can be used for various purposes: While the BSP SME Loan is primarily designed for working capital, expansion, and asset purchases, many people are not aware that it can also be used for other business purposes, such as marketing and promotional activities.
5. BSP SME Loan offers a range of repayment options: In addition to the flexible repayment terms, BSP SME Loan also offers a range of repayment options, including direct debit, BSP online banking, and BSP mobile banking. This provides convenience and flexibility to borrowers, allowing them to choose the repayment method that best suits their needs.

Conclusion

The BSP SME Loan is a financial product offered by Bank of South Pacific specifically designed for small and medium enterprises. 

The eligibility criteria for the loan include business registration, credit history, collateral, business experience, and a comprehensive business plan. 

Required documents include bank statements, financial statements, tax returns, and collateral documents. 

The loan amount is up to PGK 1,000,000 with flexible repayment terms and a fixed interest rate for the entire loan period. A

BSP SME Loan offers a grace period, access to business advisory services, and a range of repayment options. It can also be used for various business purposes, including refinancing existing loans.

Kina Bank Mobile Banking: A Convenient Solution for Managing Finances on the Go

Kina Bank is a leading financial institution in Papua New Guinea, providing innovative financial services to individuals and businesses across the country. Kina Bank is committed to providing a seamless and convenient banking experience to its customers, and the Kina Mobile App is one of the bank's latest offerings in this regard.

Joining Kina Mobile Banking

To join Kina Mobile Banking, customers must have an active Kina Bank account. If you do not have a Kina Bank account, you can easily open one by visiting the nearest Kina Bank branch. 

Once you have an active account, you can download the Kina Mobile App from the Google Play Store or Apple App Store, depending on the type of smartphone you have.

Using the Kina Mobile App

To use the Kina Mobile App, customers need to register their account details on the app. The registration process is simple and straightforward, and once completed, customers can log in to the app using their username and password. 

The Kina Mobile App is designed to be user-friendly, and customers can easily navigate through the app to access the various banking services.

Features of the Kina Mobile App

The Kina Mobile App offers several features that allow customers to manage their finances conveniently. With the app, customers can:

• Check their account balances
• View transaction history
• Transfer funds to other Kina Bank account
• Pay bills
• Set up alerts to notify them of any changes to their account, such as incoming funds or outgoing payments.

QR Code Payments

One of the unique features of the Kina Mobile App is the ability to use QR codes to make payments. 

Customers can generate a QR code for a particular transaction and have the recipient scan the code to receive payment. This feature eliminates the need for cash or card payments and makes transactions more secure and convenient.

In summary, Kina Mobile Banking is an innovative and convenient way to manage your finances on the go. 

With the Kina Mobile App, customers can access a range of banking services from their smartphones, including checking account balances, transferring funds, paying bills, and much more. 

The registration process is simple, and the app is user-friendly, making it easy to navigate and use. 

If you're a Kina Bank customer, be sure to download the Kina Mobile App and take advantage of this convenient banking solution.

How to Access NASFUND Online Services

NASFUND contributors can access the on-demand services it provides to its members online. It an effort to reduce the long queues at its branches nationwide, the PNG workers Superfund has gone online.

Find out how to check you NASFUND balance using mobile phone, click here

Three ways to access NASFUND services:

1. Call 1588
2. Members login with credentials 
3. Employer Login

How to check your NASFUND balance 

NASFUND members portal 

Members to access information on superannuation contributions, balance statements, loan eligibility, housing advances and more.

NASFUND Employer portal

This portal is for the employer's HR department or payroll section to access and remit their employees fortnightly superannuation contributions.

NASFUND online withdrawal 

For members who are eligible to withdraw their NASFUND savings.

How to access NASFUND portals

Members,  employers and contributors can access the members and employees portal via the official website at nasfund.com.pg

Whereas, eligible members who want to withdraw their savings can email their NASFUND savings withdrawal application form to e-withdrawals@nasfund.com.pg

Visiting NASFUND branch

For members planning to visit any NASFUND office in the country must go Covid19 prepared. You must wear masks. 

NASFUND will not let members into their office if they do not wear masks.

Below is a NASFUND info flyer for more information.

Do you have accounts with Nasfund, Kina Bank, BSP or into POM stock exchange? Check out the latest Financial News, Savings and Loans, and Superannuation updates on PNG Insight.

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NASFUND Member Benefits and Interest

The magic of compound interest.

NASFUND members should take advantage of the benefit of compound interest while contributing towards their retirement savings. 

Source: NASFUND Facebook | 23rd March 2019

Chief finance officer, Rajeev Sharma said that the benefit of compound interest can be seen when NASFUND member does not withdraw funds for the long term. 

Compound interest will further grow member's balance if the  member increases an additional amount from the normal mandated contributions of the member or employer contributions.

Find out how to check you NASFUND balance using mobile phone, click here

In an example of a member who has contributed for 30 years.

The illustration below shows the benefit of increasing one’s contribution through voluntary contribution of K50 and K150 with an assumed average return of interest of 5% for the period of 30 years. 

Additional Contribution (K) 

10yrs    20yrs       30yrs          

K50      K7736      K20, 339   K40, 866

K150   K23,207    K61,007    K122,579

A member who increases an additional contribution of K50 for the next 30 years will have a total additional balance of K40,866, out of which he would have contributed only K 18,000 and balance of Kina 22,866 would come from interest. 

However, if the NASFUND member increase an additional of K150 for the next 30 years, the member will have K122, 579 as his total balance.

“This is the magic of compound interest”, he said. 

Recommended reading: NASFUND online services for members and employees

“This will happen if the member does not touch the funds while still contributing and the savings will grow through interest that is being credited by the FUND annually”. 

NASFUND has paid K1.4 billion as crediting amount to it’s members in the last six years.

Do you have accounts with Nasfund, Kina Bank, BSP or into POM stock exchange? Check out the latest Financial News, Savings and Loans, and Superannuation updates on PNG Insight.

NCSL Members Portal Effective Way to Check Balance and Loan Eligibility

The NCSL Members Portal is a highly effective tool for NASFUND Contributors Savings & Loans Society members. This online platform, also known as the NCSL member portal, provides a convenient and straightforward way to check your account balance and determine your loan eligibility. 

Whether you're at home or on the go, the portal allows easy access to your financial information, helping you stay informed and make timely decisions regarding your savings and loan options.

You can access online services like checking balance or loan and savings withdrawal eligibility; submitting online loan or withdrawal applications; and getting member statements. 

The services can be accessed via mobile phones, tablets, laptops and desktops.

So if you are already a registered member, you may be familiar with the benefits of using the portal. If you are a member of NCSL but have not registered yet on NCSL online portal, here are the helpful tips to help you register. 

Go to the registration page. 

• Step-1: The NCSL members new to the portal are required to have membership numbers and dates of birth to complete step one of the registration process. These details are important to register. If you forget about the membership details, immediately contact NCSL at helpdesk@ncsl.com.pg or call 313 2000.

• Step-2: Input your required personal/member details. Be realistic about the membership details you are entering – the details must be factual and current.

• Step-3: The final step is to confirm your registration. This step requires members to have an email account. Always have - in addition to other membership details – your personal email account ready before starting the registration on the NCSL Online Portal.

Enter your member details and follow the prompt.

In summary here are the important registration requirements to make registration flow smoothly…

- Email account (Google Mail or Yahoo etc)

- Membership number

- Date of birth

The staff at NCSL will be happy to help any contributor so get in touch. If you need more clarification, visit the nearest NCSL office in your region. 

How to check your NASFUND balance 

Help pages...

• An updated version of the NCSL online portal can be found on pnginsight.com 

• You can also find information on Poro Card here 

• To learn about how to invest in PNG Shares and Bonds, click here

• Find out how to check you NASFUND balance using mobile phone, click here 

• Do you have accounts with Nasfund, Kina Bank, BSP or into POM stock exchange? Check out the latest Financial News, Savings and Loans, and Superannuation updates on PNG Insight.

• Recommended reading: NASFUND online services for members and employees