{"id":13055,"date":"2022-08-22T07:00:27","date_gmt":"2022-08-22T07:00:27","guid":{"rendered":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/?page_id=13055"},"modified":"2025-04-09T10:08:42","modified_gmt":"2025-04-09T10:08:42","slug":"educational-loan","status":"publish","type":"page","link":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/","title":{"rendered":"Educational Loan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"13055\" class=\"elementor elementor-13055\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7298716 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7298716\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d7f0d6d\" data-id=\"d7f0d6d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1de610f elementor-widget-mobile__width-initial elementor-widget elementor-widget-tf-heading-section\" data-id=\"1de610f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"tf-heading-section.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"tf-heading-section-1de610f\" class=\"tf-heading-section style2\" data-tabid=\"1de610f\"> \r\n\t\t\t\t\r\n\t\t\t<div class=\"heading-section\">\r\n\t\t\t\t<div class=\"before-title\">Educational Loan<\/div>\r\n\t\t\t\t\r\n\t\t\t<\/div>\r\n\t\t\t\t<div class=\"sub-title\"><p>\u00a0<\/p><p style=\"text-align: justify;\"><em><strong>Secure your future and those of your dear ones.<\/strong><\/em><\/p><p>\u00a0<\/p><p style=\"text-align: justify;\">Achieve higher education with flexible repayment periods, affordable interest rates and attractive loan ceiling up to\u00a0<strong>Rs 7 million.<\/strong><\/p><\/div>\r\n\t\t\t                \r\n            <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-dddc50e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dddc50e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4a64054\" data-id=\"4a64054\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f8f97e0 elementor-widget elementor-widget-tf-heading-section\" data-id=\"f8f97e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"tf-heading-section.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"tf-heading-section-f8f97e0\" class=\"tf-heading-section style2\" data-tabid=\"f8f97e0\"> \r\n\t\t\t\t\r\n\t\t\t<div class=\"heading-section\">\r\n\t\t\t\t<div class=\"before-title\">Know more about:<\/div>\r\n\t\t\t\t\r\n\t\t\t<\/div>                \r\n            <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1965ac0 elementor-widget-mobile__width-initial elementor-widget elementor-widget-tfaccordion\" data-id=\"1965ac0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"tfaccordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"tf-accordion\"> \r\n\t\t\t\t<div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Loan Table<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Loan Amount<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><p style=\"text-align: justify;\">A couple (husband and wife) may apply jointly for an educational loan of <strong>Rs 7m<\/strong>.<\/p><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Repayment<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><p style=\"text-align: justify;\">The loan should be refunded in a maximum of 240 equal monthly instalments or less depending on the applicant\u2019s age.<\/p><p><strong><em>Note:<\/em><\/strong>\u00a0About two months moratorium will be provided on loan repayment, thus the first deduction will be made by end of the 2nd month. Consequently, the loan period will be extended accordingly and the interest accrued during that period will be deferred and claimed after the maturity of the loan. This deferred interest would be indicated in the periodic loan statement issued to clients.<\/p><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">New Loan Application<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><p style=\"text-align: justify;\">Not applicable.<\/p><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Security<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><p style=\"text-align: justify;\">Securities to be offered by the borrower:<\/p><ul style=\"text-align: justify;\"><li>A fixed charge on the property of the borrower; or<\/li><li>A bank guarantee; or<\/li><li style=\"text-align: justify;\">Loanees have the option to provide up to 6 guarantors subject to the following:<\/li><\/ul><p style=\"text-align: justify;\">\n<table id=\"tablepress-9\" class=\"tablepress tablepress-id-9\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Sn.<\/th><th class=\"column-2\">Amount<\/th><th class=\"column-3\">No of Guarantors<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\">Up to Rs 1m<\/td><td class=\"column-3\">1<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\">> Rs 1m \u2264 Rs 2m<\/td><td class=\"column-3\">2<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\">> Rs 2m \u2264 Rs 3m<\/td><td class=\"column-3\">3<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\">> Rs 3m<\/td><td class=\"column-3\">4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-9 from cache --><\/p><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Rate of Interest<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><p style=\"text-align: justify;\">Interest is calculated daily based on the outstanding capital and is tagged to the Mutual Aid Base Rate (MBR). The interest rate will be automatically adjusted in case of any percentage change in the said MBR. Consequently, the loan maturity date may be increased or reduced to take into account fluctuations in interest rate during the loan period. However, the monthly loan instalment will remain the same.<\/p><p style=\"text-align: justify;\">\n<table id=\"tablepress-10\" class=\"tablepress tablepress-id-10\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">SN<\/th><th class=\"column-2\">AMOUNT<\/th><th class=\"column-3\">INTEREST - % P.A<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\">Up to Rs 1m<\/td><td class=\"column-3\">7.00<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\">> Rs 1m up to Rs 3m<\/td><td class=\"column-3\">7.35<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\">> Rs 3m up to Rs 4m<\/td><td class=\"column-3\">6.35<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-10 from cache --><\/p><p style=\"text-align: justify;\">If after loan disbursement, loanee joins the private sector and cannot refund the outstanding loan balance immediately, standing order payment may be accepted and interest rate will be readjusted at Personal Loan rate on the outstanding balance.<\/p><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Charges\/Fees<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><p style=\"text-align: justify;\">Applicants will be required to pay a one-off processing fee of 1% on the loan amount and a Mutual Solidarity Contribution (MSC) of 4.50% - 6.00% to write off the loan in case of death. The effective date of the MSC is when the loan has been disbursed. Applicants will be charged Rs 150 as Bank of Mauritius (MCIB) fee.\u00a0 The MSC to be applied depends on age as follows:<\/p><p style=\"text-align: justify;\">\n<table id=\"tablepress-11\" class=\"tablepress tablepress-id-11\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">SN<\/th><th class=\"column-2\">AGE<\/th><th class=\"column-3\">MSC RATE - %<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\">Up to 45<\/td><td class=\"column-3\">4.50<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\">More than 45 up to 50<\/td><td class=\"column-3\">5.00<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\">More than 50 and up to 55<\/td><td class=\"column-3\">5.50<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\">More than 55<\/td><td class=\"column-3\">6.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-11 from cache --><\/p><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Documents Required<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><p style=\"text-align: justify;\">The following documents should be submitted:<\/p>\n\n<ul>\n \t<li style=\"text-align: justify;\">Original &amp; Photocopy of <strong>applicant<\/strong>\u2019s <strong>National Identity Card<\/strong> and <strong>Birth Certificate (KYC record)<\/strong>. Online Birth Certificate is acceptable.<\/li>\n \t<li style=\"text-align: justify;\">Original &amp; Photocopy of <strong>applicant<\/strong>\u2019s recent <strong>payslip<\/strong> \/ <strong>pension slip<\/strong> (not more than 1 month). Downloaded payslip will only be accepted with official seal, name, signature, date and post of signing officer.<\/li>\n \t<li style=\"text-align: justify;\">Letter from Ministry\/Department certifying that <strong>applicant<\/strong> is: not under report, not on leave without pay, not involved in a police case, not on prolonged sick leave and also was not on prolonged sick leave recently. <strong><em>Please note that the letter is valid for 4 weeks.<\/em><\/strong><\/li>\n \t<li style=\"text-align: justify;\">Original &amp; Photocopy of bank document showing bank account number and name of <strong>applicant (if changed)<\/strong>.<\/li>\n \t<li style=\"text-align: justify;\">Original &amp; Photocopy of bank statement showing name and address \/ Utility Bill (CEB or CWA or Mauritius Telecom) - not more than 3 months old of <strong>applicant<\/strong> (If utility bill is not in name of applicant, a written confirmation and copy of NIC should be secured from the utility bill account holder) or any other document showing relation <strong>(KYC record)<\/strong>.<\/li>\n \t<li>Original &amp; Photocopy of <strong>guarantor\/s\u2019 National Identity Cards<\/strong> and <strong>Birth Certificates (KYC record)<\/strong>. Online Birth Certificate is acceptable.<\/li>\n \t<li style=\"text-align: justify;\">Original &amp; Photocopy of <strong>guarantor\/s<\/strong>\u2019 recent <strong>payslips<\/strong> (not more than 1 month). Downloaded payslip will only be accepted with official seal, name, signature, date and post of signing officer.<\/li>\n \t<li style=\"text-align: justify;\">Original &amp; Photocopy of bank statement showing name and address \/ Utility Bill (CEB or CWA or Mauritius Telecom) - not more than 3 months old of <strong>guarantor\/s<\/strong> (If utility bill is not in name of <strong>guarantor\/s<\/strong>, a written confirmation and copy of NIC should be secured from the utility bill account holder) or any other document showing relation <strong>(KYC record)<\/strong>.<\/li>\n \t<li style=\"text-align: justify;\">Original &amp; photocopy of <strong>birth certificate<\/strong> and <strong>National Identity Card<\/strong> of <strong>ward<\/strong> \/ marriage certificate in case of the spouse. Online Birth Certificate is acceptable.<\/li>\n \t<li style=\"text-align: justify;\"><strong>Proof of study<\/strong>: Particulars of the Course, letter of enrolment of student and quotation \/ invoice \/ cost estimate emanating from the institution (Mandatory).<\/li>\n \t<li style=\"text-align: justify;\"><strong>Documentary evidence for accommodation, travelling, materials for study, administrative expenses.<\/strong><\/li>\n \t<li style=\"text-align: justify;\">Letter of undertaking (where applicable).<\/li>\n \t<li style=\"text-align: justify;\">Bank Guarantee (where applicable).<\/li>\n \t<li style=\"text-align: justify;\">Fixed Charge document (where applicable).<\/li>\n \t<li style=\"text-align: justify;\">Letter for check-off to SICOM Ltd (applicable for parastatal bodies)<\/li>\n<\/ul><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Main Conditions<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><ul><li style=\"text-align: justify;\">Only one educational loan will be disbursed per course.<\/li><li style=\"text-align: justify;\">For loan eligibility of overseas courses:<ul><li>loan application to cover financing of learning foreign language; and<\/li><li>loan amount to be grossed up by at least 10% as presently, there are 4.75% deductions from the eligible amount (MSC of 4% &amp; processing fee 0.75%) and to also cater for contingencies of 5% (foreign exchange fluctuations over life of course and increase in expenses like course fees, air tickets, books, etc.).<\/li><\/ul><\/li><\/ul><ul style=\"text-align: justify;\"><li>Each loan will be disbursed in a lump sum up to a maximum of Rs 7m depending upon the undermentioned criteria:<\/li><li style=\"list-style-type: none;\"><ul><li>LOCAL INSTITUTIONS \u2013 Full tuition fees + 25% as ancillary expenses.<\/li><li>ABROAD \u2013 twice full tuition fees up to a maximum of Rs 7m.<\/li><li>One disbursement (net of charges) will be effected per loan.<\/li><\/ul><\/li><\/ul><ul style=\"text-align: justify;\"><li>The loan repayment period may not exceed the retirement age of a guarantor, unless the latter\u2019s future pension is sufficient to repay the loan in case of default payment.<\/li><li>Guarantor(s) can stand as surety(ies) for a total liability limit (loan balance) of Rs 3.5m for a monthly salary up to Rs 50,000 and Rs 4.5m for those earning above Rs 50,000 monthly. Guarantors' age shall not be more than 5 years older than loanees.<\/li><li>Whenever a spouse stands as guarantor for a loan, a second guarantor must be provided as additional security and the latter\u2019s net pay must cover the full loan instalment.<\/li><li>Husband and wife cannot stand as guarantors for a client.<\/li><li>In case the applicant bears the same surname as any of the guarantors or in case both guarantors bear the same surname, their relationship must be disclosed on the loan application form.<\/li><\/ul><p style=\"text-align: justify;\"><strong>For other conditions, please refer to the <a href=\"http:\/\/www.mcsmutualaid.mu\/files\/EDUC_Info_Sheet.pdf\" target=\"_blank\" rel=\"noopener\">Loan Information Sheet<\/a>.<\/strong><\/p><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Factsheet for Guarantors<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><p style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/Loan_Info_Guarantors.pdf\" target=\"_blank\" rel=\"noopener\">Click here to access factsheet.<\/a><\/p><\/div><\/div><div class=\"tf-accordion-item \"><div class=\"accordion-title icon_after \"><span class=\"title-text\">Click to download forms<\/span> \t\t\r\n\t\t\t\t<span class=\"wrap-accordion-icon wrap-accordion-icon-right\">\t\t\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-close\"><i class=\"fas fa-arrow-right\"><\/i><\/span>\r\n\t\t\t\t<span class=\"accordion-icon accordion-icon-open\"><i class=\"fas fa-arrow-down\"><\/i><\/span>\r\n\t\t\t\t<\/span><\/div> <div class=\"accordion-content\"><ul><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/Appl_form_for_Educ_loan.pdf\" target=\"_blank\" rel=\"noopener\">Educational Loan Application Form<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/EDUC_Info_Sheet.pdf\" target=\"_blank\" rel=\"noopener\">Educational Loan Information Sheet<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/SOLE_GUARANTOR_Undertaking_Form.pdf\" target=\"_blank\" rel=\"noopener\">Sole Guarantor Form<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/Guarantor_Acceptance_Form.pdf\" target=\"_blank\" rel=\"noopener\">Guarantor Acceptance Form<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/DECLARATION_FROM_BORROWER.pdf\" target=\"_blank\" rel=\"noopener\">Borrower Declaration Form<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/EMAILING_STATEMENT.pdf\" target=\"_blank\" rel=\"noopener\">E-mailing of Statement of Account<\/a><\/li><li>Loan Deduction Authority Form (LDAF)<ul><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/LDAF_A_AGEN_SICOM.pdf\" target=\"_blank\" rel=\"noopener\">LDAF \u2013 Accountant General\/SICOM Ltd<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/LDAF_C_NTC.pdf\" target=\"_blank\" rel=\"noopener\">LDAF - C - National Transport Corporation<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/LDAF_D_NEF.pdf\" target=\"_blank\" rel=\"noopener\">LDAF - D - National Empowerment Foundation<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/LDAF_PENSIONERS_D_AGEN.pdf\" target=\"_blank\" rel=\"noopener\">LDAF - Pensioner Accountant General<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/LDAF_PENSIONERS_D_SICOM.pdf\" target=\"_blank\" rel=\"noopener\">LDAF - Pensioner SICOM<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/LDAF-PENSIONERS-F-AGEN-SICOM.pdf\" target=\"_blank\" rel=\"noopener\">LDAF - Pensioner Accountant General\/SICOM<\/a><\/li><li style=\"text-align: justify;\"><a href=\"http:\/\/www.mcsmutualaid.mu\/files\/LDAF_COTTON_BAY_LOANEE_GUARANTOR.pdf\" target=\"_blank\" rel=\"noopener\">LDAF - Cotton Bay Hotel Resort Co Ltd - By Loanee\/ Guarantor(s)<\/a><\/li><\/ul><\/li><\/ul><\/div><\/div>\r\n            <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Educational Loan \u00a0 Secure your future and those of your dear ones. \u00a0 Achieve higher education with flexible repayment periods, affordable interest rates and attractive loan ceiling up to\u00a0Rs 7 million. Know more about: Loan Table Loan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-13055","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Educational Loan | MCS Mutual Aid<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Educational Loan | MCS Mutual Aid\" \/>\n<meta property=\"og:description\" content=\"Educational Loan \u00a0 Secure your future and those of your dear ones. \u00a0 Achieve higher education with flexible repayment periods, affordable interest rates and attractive loan ceiling up to\u00a0Rs 7 million. Know more about: Loan Table Loan [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"MCS Mutual Aid\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mcsmutualaidassociation\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-09T10:08:42+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/educational-loan\\\/\",\"url\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/educational-loan\\\/\",\"name\":\"Educational Loan | MCS Mutual Aid\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/#website\"},\"datePublished\":\"2022-08-22T07:00:27+00:00\",\"dateModified\":\"2025-04-09T10:08:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/educational-loan\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/educational-loan\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/educational-loan\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Educational Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/#website\",\"url\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/\",\"name\":\"MCS Mutual Aid\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/#organization\"},\"alternateName\":\"MCS Mutal Aid\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/#organization\",\"name\":\"MCS MUTUAL AID\",\"url\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/logo-2.png\",\"contentUrl\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/logo-2.png\",\"width\":512,\"height\":512,\"caption\":\"MCS MUTUAL AID\"},\"image\":{\"@id\":\"https:\\\/\\\/www.megaserverstore.com\\\/mcsmutualaid\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/mcsmutualaidassociation\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Educational Loan | MCS Mutual Aid","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/","og_locale":"en_US","og_type":"article","og_title":"Educational Loan | MCS Mutual Aid","og_description":"Educational Loan \u00a0 Secure your future and those of your dear ones. \u00a0 Achieve higher education with flexible repayment periods, affordable interest rates and attractive loan ceiling up to\u00a0Rs 7 million. Know more about: Loan Table Loan [&hellip;]","og_url":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/","og_site_name":"MCS Mutual Aid","article_publisher":"https:\/\/www.facebook.com\/mcsmutualaidassociation\/","article_modified_time":"2025-04-09T10:08:42+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/","url":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/","name":"Educational Loan | MCS Mutual Aid","isPartOf":{"@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/#website"},"datePublished":"2022-08-22T07:00:27+00:00","dateModified":"2025-04-09T10:08:42+00:00","breadcrumb":{"@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/educational-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/"},{"@type":"ListItem","position":2,"name":"Educational Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/#website","url":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/","name":"MCS Mutual Aid","description":"","publisher":{"@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/#organization"},"alternateName":"MCS Mutal Aid","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/#organization","name":"MCS MUTUAL AID","url":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/#\/schema\/logo\/image\/","url":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-content\/uploads\/2022\/07\/logo-2.png","contentUrl":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-content\/uploads\/2022\/07\/logo-2.png","width":512,"height":512,"caption":"MCS MUTUAL AID"},"image":{"@id":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mcsmutualaidassociation\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-json\/wp\/v2\/pages\/13055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-json\/wp\/v2\/comments?post=13055"}],"version-history":[{"count":100,"href":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-json\/wp\/v2\/pages\/13055\/revisions"}],"predecessor-version":[{"id":16360,"href":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-json\/wp\/v2\/pages\/13055\/revisions\/16360"}],"wp:attachment":[{"href":"https:\/\/www.megaserverstore.com\/mcsmutualaid\/wp-json\/wp\/v2\/media?parent=13055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}