09 Mar 2013
Offsite ATM at Indian Oil Filling Station Terre Rouge
Fifth Offsite ATM is operational at Indian Oil Filling Station Terre Rouge
 
12 Jun 2013
Student Loan Scheme
Government backed Student Loan Scheme
   
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» SBI Smart Credit

SBI SMART CREDIT

  • 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