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Personal Loan

Personal Loan

Product Details Description
Product Name SICOM Personal Loan 

SICOM Personal Loan will assist you in financing relatively small personal commitments. This loan is of two types as follows:

Secured Personal loan

  • A second- line fixed charge is taken on an immovable property belonging to the borrower(s) or  parent(s) depending on its valuation including a life assurance cover
  • Or 50% shares or units held with SICOM General Fund
  • Repayment by check off

Unsecured Personal loan*

  • A general floating charge and a life assurance cover
  • Salary pledge by borrower(s)

(*Specific Terms & Conditions Apply)

Features  Loan Amount for Secured Personal Loan
18 months of basic salary subject to  a maximum of Rs 750,000

Loan Amount for Unsecured Personal Loan
15 months of basic salary subject to a maximum of Rs 500,000

Maximum 5 years (depending on age)
  • Quick approval and disbursement
  • Competitive rates of interest
Eligibility  Confirmed employees  (conditions apply) 
Required documents  for Unsecured Personal Loan
  • Certified Copy of National Identity Card(s) (borrower(s)
  • Certified Copy of Marriage/Birth Certificate (borrower(s) A recent Utility Bill (CEB or CWA or Mauritius Telecom)- not more than three months
  • Certified copy of bank statements of applicants for last six months.
  • Certified copy of pay slips for last three months of applicant(s)
  • Original certificate of liabilities of applicants with full details( if applicable)
Additional documents required for Secured Personal loan 
  • Copy of title deed of the property to be given as security
  • Affidavit of property owner, if deceased
  • Copy of Layout Plan of building, if applicable;
  • Copy of Site & Location Plan or copy of land surveyor’s report
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Simply complete the ONLINE LOAN APPLICATION and kindly ensure that all required information are filled in before submission for processing purposes

For more details 

Do you want to have an idea of your repayment amount based on your Loan amount? You can now have an estimate of your monthly repayment by entering your loan details in our  Loan Calculator.

Call us on 203 8425 or email us at  and we shall guide you through the application process

 *Terms & Conditions Apply



  • The loan repayment period will depend on age.
  • The repayment of the loan in capital and interest/interest and premium(s) payable in respect of life assurance policy(ies) will normally not exceed 40% of applicant(s)’ net income(s) and/or will be subject to the company's appraisal. 
  • The property to be given as security, if applicable, should have an adequate value and be duly registered in your name(s) or parent(s) and should not emanate from an affidavit of prescription unless thirty years have elapsed from the date of prescription and should be legally in order and/or be subject to approval by the company.
  • All relevant costs and expenses including valuation, administrative costs and registration fees as well as processing and documentation fees involved in the making of the loan will be borne by applicants.
  • All loans should be secured by a residential property as described in. (c) above, except for unsecured personal loans, fixed deposit loans and commercial loans .In the latter case ,a commercial building or office space may be given as security.
  • All loans should also be secured by a life insurance cover with the Company except for fixed deposit loan.