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