• For salaried class & self-employed
• Open to SBI Customers & Non-SBI Customers
• Turn your debit card to credit
• Convenient to use
• Lower cost than a conventional credit card

What is the SBI SMART CREDIT ?

• A debit card with a credit facility of up to MUR 250,000 or even more
• Multipurpose use
• Draw cash on ATM in Mauritius and worldwide
• Pay for your purchases anywhere in the world at point of sales
• Cheque Book facility is attached to SMART CREDIT
• Use Internet Banking also on this credit

Features

• Salaried Customers
• Eligibility::Minimum basic Salary: MUR 10,000
  Must be in confirmed employment
  Employer: Firm of repute/Parastatal or State
  Limit:
  • Unsecured :-3 months basic salary (Maximum MUR100,000)
  • Secured :-Maximum MUR250,000. Higher limit can be considered
    if security is adequate.
  Rate of Interest:
  • Clean OD :- PLR + 5%
  • Secured by Fix/Floating Charge:- PLR + 3%
  • Secured by Fixed Deposit:- Fixed Deposit Rate + 2% - Min PLR
  Period: 12 months subject to renewal
  Processing Fee: 1% or 0.25% if secured by Fixed Deposit
• Self-employed
• Eligibility:Minimum monthly income: MUR 10,000
  Own an established business
  Limit:
  • Unsecured :-NIL
  • Secured :-Maximum MUR250,000. Higher limit can be considered
    if security is adequate.
  Rate of Interest:
  • Clean OD :- N/A
  • Secured by Fix/Floating Charge:- PLR + 3%
  • Secured by Fixed Deposit:- Fixed Deposit Rate + 2% - Min PLR
  Period: 12 months subject to renewal
  Processing Fee: 1% or 0.25% if secured by Fixed Deposit

Be Smart Be Relaxed

Apply now at SBI nearest Branch