We finance dreams  
     
  Thinking of purchasing a plot of land, a house, an apartment, a bungalow or a car?  
     
  Do you need funds to finance your studies locally or abroad?  
     
  Do you want to renovate your house?  
     
  Do you want to buy a computer?  
     
  SICOM offers a wide range of loan options that will help meet your financial needs in a positive, pleasant and rewarding way.  
     
  Why choose a SICOM Loan?  
     
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Competitive interest rates (variable or fixed)
  
 
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Possibility of financing up to 100% of your project
  
 
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Flexible conditions and repayment terms up to a maximum period of 30 years
  
 
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No yearly administrative charges or ledger fees
  
 
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No penalty fee for partial/full refund on capital
  
 
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Quick processing
  
     
  Which loan is right for you?  
     
 
Borrowing money is something most of us have to do at times and we are all concerned about choosing the right type of loan that best meets our needs.
  
 
 
 
SICOM offers a wide range of loan options that can help you meet your financial needs. You can trust us to help you evaluate your financial position, review your loan options and help you finance your dreams.
  
     
  SICOM Housing Loan  
     
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Acquiring a plot of land
  
 
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Buying a house, an apartment or a bungalow
  
 
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Construction, renovation, extension or addition of a new storey to your house
  
 
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Refinancing of a previous housing loan
  
     
  SICOM Multipurpose Loan  
     
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Financing of your studies or that of your children
  
 
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Refurbishment of your house
  
 
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Purchase of your car or a personal computer
 
 
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For wedding purposes
 
 
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Refinancing of a previous loan,etc.
 
     
  General Conditions: Housing and Multipurpose Loans  
     
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A life assurance policy to cover the loan amount in case of death and total permanent disability
 
 
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A first line mortgage / fixed charge on an immovable property belonging to you or your parents and which does not emanate from an affidavit of prescription
  
 
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The monthly repayment of capital and/or interest plus life assurance premium shall not normally exceed 40% of your net monthly income
  
     
  Fixed Deposit Loan/Personal Loan  
     
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We also offer short-term loans (conditions apply) at competitive rates of interest without the need of a mortgage or a personal guarantee.
 
 
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For a Fixed Deposit Loan, you may benefit up to 80% of your fixed deposit held and which shall be pledged until full repayment of the loan
  
 
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As regards the personal loan, an irrevocable salary pledge is required.
  
     
  Monthly Estimator  
 
How much can I borrow based on the monthly payment I want to make?
 
 

Loan Application Form

Click here to download the Loan Application Form

NOTE:
Please complete the application form with all the required information and submit a printed copy of your application along with the relevant documents (originals + copies) in person at our office at:

State Insurance Company Of Mauritius Ltd
Loans Department, 8th floor of SICOM Building
Sir Celicourt Antelme Street
Port Louis

Tel: 203 8400
Email: sicom.loan@sicom.intnet.mu