Overdraft Facility

The Seychelles Credit Union offers its Members Overdraft Facility at attractive interest rates and flexible repayment terms.

Overdraft Facility

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

Conditions
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.

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

 

Overdraft Facility

The Seychelles Credit Union offers its Members Overdraft Facility at attractive interest rates and flexible repayment terms.

Overdraft Facility

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

Conditions
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.