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.

  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

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.