Security loan
The Seychelles Credit Union offers its Members Fully Secured Loans at attractive interest rates and flexible repayment terms.
Security loan
As a Member, you are eligible to:
- Financing of up to 100% the value of the investment
- Interest rates at 10% per annum on a reducing balance basis
- Up to 10 years to repay the Loan
Conditions
Please note that eligibility is also subject to:
- 106% cash collateral frozen from borrower’s shares and/or savings accounts inclusive of six months’ worth of interest payment
- Proof of monthly salary or income
For more information on the terms & conditions of this product, please contact us or pay us a visit at any one of our branches.
