SME Loans

The Seychelles Credit Union offers its Members SME 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 100% of the value of the project
  • Interest rates at 5% per annum on a reducing balance basis for the first SCR1.0 million borrowed and 7% per annum for the remaining SCR2.0 million, up to SCR3.0 million
  • Up to 7 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
  • Pledge of assets or mortgage of property
  • 6 months grace period with the option to pay interest only or capitalize

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

 

SME Loans

The Seychelles Credit Union offers its Members SME 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 100% of the value of the project
  • Interest rates at 5% per annum on a reducing balance basis for the first SCR1.0 million borrowed and 7% per annum for the remaining SCR2.0 million, up to SCR3.0 million
  • Up to 7 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
  • Pledge of assets or mortgage of property
  • 6 months grace period with the option to pay interest only or capitalize

For more information on the terms & conditions of this product, please contact us or pay us a visit at any one of our branches.