Overdraft Facility

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.