Whether you desire to purchase energy efficient home appliances, photovoltaic solar panels, solar water heaters and other forms of renewable energy technology, the Seychelles Credit Union offers its Members SEEREP Loans on behalf of the Government at attractive interest rates and flexible repayment terms.
As a Member, you are eligible to
- Financing of up to SCR100,000
- Interest rates at 5% per annum on a reducing balance basis
- Up to 3 years to repay the Loan
Please note that eligibility is also subject to
- 2.5% cash collateral frozen from borrower’s shares and/or savings accounts
- Proof of monthly salary or income
- One guarantor for 50% of the borrowed amount
For more information on the terms & conditions of this product, please contact us or pay us a visit at any one of our branches.