SICOM

Fixed Deposits holders only
*Non -SFSL deposit holders may also be considered

• Certified Copy of National Identity Card(s) (borrower(s) and/or guarantor(s))
• Certified Copy of Marriage/Birth Certificate (borrower(s) and guarantor(s),if applicable
• Certified copy of Trade License & Business Registration Card, if applicable
• A recent Utility Bill (CEB or CWA or Mauritius Telecom)- not more than three months
• Original of fixed deposit certificate(s)
• Certified copy of bank statements of applicants for last six months.

• 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 except for fixed deposit loans and professional 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.