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SME Loans
The Seychelles Credit Union offers its Members SME Loans on behalf of the Government at attractive interest rates and flexible repayment terms.
SME Loans
As a Member, you are eligible to
- Financing of up to 100% of the value of the project
- Interest rates at 5% per annum on a reducing balance basis for the first SCR1.0 million borrowed and 7% per annum for the remaining SCR2.0 million, up to SCR3.0 million
- Up to 7 years to repay the Loan
Conditions
Please note that eligibility is also subject to
- 2.5% cash collateral frozen from borrower’s shares and/or savings accounts
- Pledge of assets or mortgage of property
- 6 months grace period with the option to pay interest only or capitalize
For more information on the terms & conditions of this product, please contact us or pay us a visit at any one of our branches.
