The Seychelles Credit Union offers its Members Overdraft Facility at attractive interest rates and flexible repayment terms.
As a Member, you are eligible to:
- Financing of up to 100% of the amount being applied
- Interest rates at 12% per annum
- Up to 1 year to repay the Loan
Please note that eligibility is also subject to
- 25% (fixed) cash collateral frozen from borrower’s shares and/or savings accounts
- Pledge of assets or mortgage of property
- Guarantors for up to SCR100,000
For more information on the terms & conditions of this product, please contact us or pay us a visit at any one of our branches.