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Loans and Advances

Loans and Advances

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SPECIAL HOME LOAN CAMPAIGN FOR PURCHASE OF LAND/ HOUSE/ APARTMENT, HOUSE CONSTRUCTION & HOUSE RENOVATION

RATE OF INTEREST AS FROM 5.10% p.a*

* Terms & Conditions apply. Limited Period Offer. 

 

 

  1. SBI HOME LOAN

SBI Home Loan is a type of housing loan for purchase/ Construction/ Renovation of house /Flat/Additional Construction/Improvement etc.  It is also for refinancing of existing Housing Loan from other Financial Institutions.

Eligibility

:

Individuals Employees of Private & Public Sectors and Self Employed Individuals

Amount

:

Maximum up to 100% of Total Project Cost.
(Minimum Amount: Rs. 100,000/-; Maximum Amount: No limit.)

Security 

:

1st Rank Fixed Charge on Land/Building.

Repayment

:

Maximum upto 30 years

  1. SBI REALTY LOAN - Purchase of Land for Construction of House

Eligibility

:

Individuals above 18 years of age of private & public sectors & self employed

Amount

:

 Up to 100% of Total Project cost

Security 

:

1st Rank fixed charge on land. (House to be constructed within 5 years)

Repayment

:

 Maximum upto 30 years

  1.  SBI MORTGAGE LOAN 

SBI Mortgage loan is designed for General Purpose.

Eligibility

:

Individuals Employees of Private & Public Sectors and Self Employed Individuals

Amount

:

Minimum - Rs 100,000; Maximum - No Limit. 
(LTV up to 80 % of Market value as per recent Valuation report)

Security

:

Fixed Charge on assets such as land/building

  1. SBI GREEN CAR LOAN

To finance New/Recon / Second hand (local) Electric/ Hybrid Car

Eligibility

:

 Individuals Employees of Private & Public Sectors  & Self –employed & Salaried Expatriates having valid work / Occupation permit & Residence permit

Amount

:

Up to 85 % of Total Cost (Showroom price +VAT + Registration cost + Road Tax).
Minimum Amount: Rs. 500,000/-; Maximum: No Limit.

Security

:

Lien/GSD on vehicle.

Repayment

:

Minimum: 1 Year  ; Maximum: Up to 8 Years.

  1.  SBI REGULAR CAR LOAN

Purpose: To finance New/Reconditioned & Second hand Car/ Vehicle

Eligibility

:

Individuals Employees of Private & Public Sectors and Self Employed Individuals & Salaried Expatriates having valid work / Occupation permit & Residence permit

Amount

:

Up to 85 % of Total Cost (Showroom price +VAT + Registration cost + Road Tax).
Minimum Amount: Rs. 100,000/-; Maximum: No Limit.

Security

:

Lien/GSD on vehicle.

Repayment

:

Minimum: 1 Year ; Maximum: Up to 7 Years.

  1. SBI CAR PLUS LOAN

Purpose: To finance New/Reconditioned Car/ Vehicle

Eligibility

:

Individuals Employees of Private & Public Sectors and Self Employed Individuals & Salaried Expatriates having valid work / Occupation permit & Residence permit

Amount

:

Up to 100% of Total Cost (Showroom price +VAT + Registration cost + Road Tax).
Minimum Amount: Rs. 500,000/-; Maximum: No Limit.

Security

 

Lien/GSD on vehicle.

Repayment

:

Minimum: 1 Year ; Maximum: Up to 8 Years.

  1. SBI EDUCATIONAL LOAN

Designed for financing courses for diploma, under-graduate, post-graduate, professional courses by approved institutes.

Eligibility

:

Student pursuing studies abroad or in Mauritius

Loan Amount

:

No limit (Depending on total course fees & other expenses & Customers' repayment capacity)

Security

:

1st Rank Fixed Charge on Land/building

Repayment

:

Maximum 10 years inclusive of Moratorium period

Moratorium

:

Repayment will commence 6 months after completion of course or 5 years after disbursement of 1st instalment, whichever is earlier. Interest Payable monthly.

  1. SBI PERSONAL LOAN

To finance any personal expenses, other than for speculative purposes at flexible terms.

Eligibility

:

Confirmed Employees of Government & Para-statal bodies/ TOP 100 companies/ Reputed Multinationals, Salaried Expatriates having valid work / Occupation permit & Residence permit

Amount

:

 12 Months of Net Monthly income (Minimum – Rs200,000;  Maximum up to Rs.1,000,000/-.

Security

:

 Floating charge/ Loan agreement by borrower/ Irrevocable Salary Pledge or Standing order

Repayment

:

 Maximum up to 96 Months

  1. SMART CREDIT  

Smart credit is an overdraft facility to finance any personal expenses, other than for speculative purposes at flexible terms and a card is provided to the customer.

Eligibility

:

Permanent employees of Govt / parastatal / firms of repute / self employed - with steady source of income.

Amount

:

3 months basic salary, maximum Rs 100,000/-

Security

:

Pledge of Salary / Insurance / Credit Agreement. For self employed: 1st Rank Fixed Charge on land / building.

Repayment

:

12 months

 

  1. ADVANCE AGAINST TERM DEPOSIT

Eligibility

:

Any customer with a Fixed Deposit either in his name or a third party

Loan Amount

:

Up to 90% of Fixed Deposit amount

Security

:

Lien on Fixed Deposit

Repayment

:

Up to 10 years - Longer period is also considered upon request.

  1. SBI EXPRESS LOAN

Special scheme open only to existing housing/realty loan SBI customers including self employed with regular repayment.

Eligibility

:

Any customer with a Fixed Deposit either in his name or a third party

Loan Amount

:

Up to 90% of Fixed Deposit amount

Security

:

Lien on Fixed Deposit

Repayment

:

Up to 10 years - Longer period is also considered upon request.

     
     

Eligibility

:

Open on existing Housing Loan customers

Loan Amount

:

Permanent Employees: 15 months basic salary; maximum Rs350,000/-
For Self Employed: Maximum Rs350,000/-

Security

:

Permanent Employees: Pledge of Salary/Loan Agreement
For Self Employed: 1st Rank Fixed Charge on land/building

Repayment

:

Without security: 48 months
With security: 96 months

 

Note: Terms & Conditions apply. The offers are subject to change without prior notice.

 

Branches Contact Details

Branch Name Mobile Number Telephone Email id
Triolet 52538448 2614050 triolet@sbimauritius.com
Rosebelle 52513099 6279042 rosebelle@sbimauritius.com
Ebene 52515972 4044980 ebene@sbimauritius.com
Main Branch 52560681 2034913 portlouis@sbimauritius.com
Rose Hill 52521107 4646509 rosehill@sbimauritius.com
Central Flacq 59445336 4132110 centralflacq@sbimauritius.com
Mt. Blanche 52521106 4375119 mteblanche@sbimauritius.com
Mahebourg 52521101 6319655 mahebourg@sbimauritius.com
Goodlands 52520659 2831859 goodlands@sbimauritius.com
Vacoas 52521116 6868418 vacoas@sbimauritius.com
Rodrigues 52521109 8311591 rodrigues@sbimauritius.com
Curepipe 52521119 6707360 curepipe@sbimauritius.com
Quatre Bornes 52521121 4671610 quatrebornes@sbimauritius.com

 

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