Security loan

The Seychelles Credit Union offers its Members Fully Secured Loans at attractive interest rates and flexible repayment terms.

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

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.