Special Loan Schemes (Category A)
Private Secondary Schools Authority (PSEA)
PERSONAL LOAN
- Maximum loan up to Rs 850,000 (Salary below Rs 30,000 per month)
- Thereafter, up to Rs 1,300,000 (Salary below Rs 30,000 per month)
- Repayment period up to 15 years
- One or two guarantor(s) within or outside PSSA
Loan secured by a single guarantor from PSEA Colleges
- If the loan is secured by one guarantor from PSEA colleges, deduction on payslip should not exceed 25% of his/her salary.
- In no case shall total deduction on guarantor salary (inclusive of the loan instalment of the applicant) exceed 50% of his/her salary.
Loan secured by two guarantors from PSEA Colleges
- If the loan is secured by two guarantors from PSEA colleges, deduction on payslip should not exceed 25% of their salaries.
- In no case shall total deduction on each guarantor’s salary (inclusive of the loan instalment of the applicant) exceed 50% of their salaries.
MUTUAL AID QUICK LOAN
- Maximum Loan up to Rs 300,000 (Salary below Rs 30,000 per month)
- Futher Loan Application up to:
- Rs 300,000 (salary below Rs 30,000 per month)
- Rs 750,000 (salary above Rs 30,000 per month)
- Repayment period up to:
- 10 years (salary below Rs 30,000 per month)
- 15 years (salary above Rs 30,000 per month)
Conditions
- Total deduction on payslip should not exceed 50% of the applicant salary including Mutual Aid deduction if the gross salary is below Rs 30,000.
- Employees drawing a monthly salary of Rs 30,000 and above will not be subject to the limitation of 50% on salary deduction and the loan ceiling of Rs 850,000 is not applicable in their case. However, such employees will also have to sign an undertaking form (Deduction from Salary Form – monthly salary exceeding Rs 360,000 per annum).
Small Planters Welfare Fund (SPWF)
PERSONAL LOAN
- New loan up to Rs 850,000
- Thereafter, up to Rs 1,300,000
- Repayment period up to 15 years
- One or two guarantor(s) within or outside SPWF
MUTUAL AID QUICK LOAN
- New loan up to Rs 300,000
- Thereafter, up to Rs 300,000
- Repayment period up to 10 years
Mauritius Family Planning Welfare Association (MFPWA)
PERSONAL LOAN
- Maximum loan up to Rs 850,000
- Thereafter, up to Rs 1,300,000
- Repayment period up to 15 years
- One or two guarantor(s) within or outside MFPWA
MUTUAL AID QUICK LOAN
- Maximum Loan up to Rs 300,000
- Thereafter, up to Rs 300,000
- Repayment period up to 10 years
Mauritius Duty Free Paradise (MDFP)
PERSONAL LOAN
- Loan up to Rs 1,300,000
- Repayment period up to 15 years
- One or two guarantor(s) within or outside MDFP
MUTUAL AID QUICK LOAN
- Maximum Loan up to Rs 300,000
- Thereafter, up to Rs 300,000
- Repayment period up to 10 years
National Institute for Cooperative Entrepreneurship (NICE)
PERSONAL LOAN
- Maximum loan up to Rs 850,000
- Thereafter, up to Rs 1,300,000
- Repayment period up to 15 years
- One or two guarantor(s) within or outside NICE
MUTUAL AID QUICK LOAN
- Maximum Loan up to Rs 300,000
- Thereafter, up to Rs 300,000
- Repayment period up to 10 years
Cargo Handling Corporation Ltd (CHCL)
PERSONAL LOAN
- Maximum loan subject to 50% Deduction
- Repayment period up to 15 years
- Guarantors from outside CHCL
Conditions
- Employees of CHCL are not entitled for Mutual Aid Quick Loan (MQL).
- Employees of CHCL cannot stand as guarantor for other departments/organizations.
- Qualifying condition for entitlement of loans: more than 2 years of service.
- Undertaking form needs to be signed.