Want to borrow?

Planning a project, fixing up the house or clearing a bill? We're here to help working people in Vanuatu borrow fairly.

via NFSL

Non-Member Personal Loan

For people who are not NSCL members, in formal employment or with a stable, provable income.
15%, fixed, charged once on the amount you borrow. No interest is charged on the fee.
Borrow up to VT 300,000.
Term: up to 12 months.
Application fee: VT 10,000, added to the loan.
Repayments are fortnightly, by salary deduction through your employer (preferred), or by a signed bank standing order if salary deduction isn't available.
Pay off early at any time with no extra charges.

Estimate

Loan calculator

ProductLoan amount (VT)Term: 12 months

VT 4,808

Per fortnight

VT 10,417

Per month

VT 15,000

Interest (one-time 15%)

VT 125,000

Total repayable

Includes the VT 10,000 application fee.

This is an estimate only. The final amount, term and repayments are subject to NFSL Credit Committee approval and your signed loan agreement.

Terms & conditions – Non-Member Personal Loan

Loans are for non-members of NSCL, offered through Navara Financial Services Limited (NFSL), NSCL's lending subsidiary.
Every application is assessed by the NFSL Credit Committee, using the "5 Cs of Credit" (Character, Capacity, Capital, Collateral, Conditions), and must be approved in writing before any money is paid out.
Maximum loan VT 300,000; maximum term 12 months.
Interest is 15%, fixed for the life of the loan, charged once on the principal. The VT 10,000 application fee is included in the loan and no interest is charged on it.
Repayment is fortnightly by salary deduction, or by bank standing order where salary deduction isn't available. A standing order must be signed before the loan is paid out.
Salaried applicants' employers sign the Non-Members Loan Agreement with Employment Entitlement Deduction. If your job ends before the loan is repaid, your employer pays your outstanding final entitlements to NFSL, up to the loan balance.
You agree to tell us three months before you resign or retire.
Security may include a security deposit (% set at the Committee's discretion), an alternate repayment source who becomes bound if repayments are missed for three consecutive months, and your job entitlements.
You can repay in full at any time with no extra charges.
If a repayment is missed, we'll contact you (and your employer where relevant) to put things right; continued missed payments are treated as a default.
Applicants with an unresolved default with NFSL or NSCL are not eligible.

How we lend

How we lend responsibly

Every application is looked at fairly and carefully by our Credit Committee, using the 5 Cs of credit:

Character – your record of repaying and managing money.
Capacity – whether your income comfortably covers the repayments.
Capital – your savings and other resources.
Collateral – any security for the loan.
Conditions – the purpose of the loan and the wider economy.

We know our customers. We confirm every borrower's identity with a valid photo ID (passport, national ID or driver's licence), proof of address and proof of income, as required by Vanuatu law.

Your information is safe. We protect your details, use them only for lawful business purposes and limit access to authorised people.

We lend what you can repay. We check affordability before approving, so repayments don't cause hardship.

How it works

From enquiry to funds

We believe in transparency. Our full terms, fees and the official application form are published here so you know exactly what to expect.

Download the loan application form (PDF)

1
Check your numbers
Use the self-check and calculator.
2
Send us an enquiry
Fill in the form below and we'll reply by email with the application form.
3
Gather your documents
A valid photo ID (passport, national ID or driver's licence), proof of address (e.g. utility bill, bank statement, employment confirmation, village chief letter or tenancy agreement), your 3 most recent payslips and a confirmation of employment.
4
Employer sign-off
Your employer completes and signs the loan agreement's salary-deduction section, or you sign a bank standing order.
5
Submit and get assessed
You'll get an acknowledgement, and the Credit Committee checks your documents, identity and ability to repay.
6
Sign and receive your funds
Once approved in writing, you sign your loan agreement and the money is paid into your bank account.