Subsidised Housing Loans

The Seychelles Credit Union offers first time home owner Members Subsidised Housing Loans on behalf of the Government at attractive interest rates and flexible repayment terms.

Subsidised Housing Loans

  As a Member, you are eligible to

  • Maximum of SCR600,000 after having allowed for government subsidy
  • Interest rates at 10.5% per annum on a reducing balance basis
  • Up to 20 years to repay the Loan

Conditions
Please note that eligibility is also subject to

  • 10% cash collateral frozen from borrower’s shares and/or savings accounts
  • Proof of monthly salary or income
  • Mortgage of property
  • Mortgage protection insurance cover

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

 

Subsidised Housing Loans

The Seychelles Credit Union offers first time home owner Members Subsidised Housing Loans on behalf of the Government at attractive interest rates and flexible repayment terms.

Subsidised Housing Loans

  As a Member, you are eligible to

  • Maximum of SCR600,000 after having allowed for government subsidy
  • Interest rates at 10.5% per annum on a reducing balance basis
  • Up to 20 years to repay the Loan

Conditions
Please note that eligibility is also subject to

  • 10% cash collateral frozen from borrower’s shares and/or savings accounts
  • Proof of monthly salary or income
  • Mortgage of property
  • Mortgage protection insurance cover

For more information on the terms & conditions of this product, please contact us or pay us a visit at any one of our branches.