SEEREP Loans

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

Conditions
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.

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

 

SEEREP Loans

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

Conditions
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.