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.

SAVE REGULARY

Whether you’re looking for a traditional savings plan, a high-rate flexible account, or you want to lock in a guaranteed return, SCU has the savings options that help your money grow.  

BORROW WISELY

  • No hidden fees or transaction charges
  • Reasonable & affordable interest rates
  • Repayment terms to suit you
  • No penalty on early repayement
  • Additional Lump Sum repayments

 

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.