{"id":112,"date":"2020-07-03T07:07:26","date_gmt":"2020-07-03T07:07:26","guid":{"rendered":"http:\/\/192.168.21.185\/sbfpfund\/?page_id=112"},"modified":"2020-10-06T06:52:14","modified_gmt":"2020-10-06T06:52:14","slug":"personal-loan","status":"publish","type":"page","link":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/?page_id=112","title":{"rendered":"Personal Loan"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n

Personal Loan Scheme<\/h2>\n

 <\/p>\n

    \n
  1. Loan Ceiling up to – Rs100, 000.<\/span><\/li>\n
  2. Rate of Interest-9% per annum<\/span><\/li>\n
  3. Period 3 Years<\/span><\/li>\n<\/ol>\n
      \n
    • Documents to be submitted for Application<\/span><\/li>\n
    • Letters from Employer confirming that associate and Guarantor is employed in a substantive capacity and officer not under report and not proceeding on leave without pay.<\/span><\/li>\n
    • Pay Slip of Associate\/Spouse (if combined salary with spouse) and Guarantor.<\/span><\/li>\n
    • Identity Card \u2013 Associate\/Spouse and guarantor.<\/span><\/li>\n
    • After Approval of Loan<\/span><\/li>\n
    • Life Insurance Policy (single premium) which will be assigned in favour of the Fund to cover the full amount of loan.<\/span><\/li>\n
    • Deed of loan \u2013 signed by associate and guarantor.<\/span><\/li>\n
    • Sign Salary Declaration Authority<\/span><\/li>\n
    • Loan granted to be secured by the personal guarantee of another associate acceptable to the Fund.<\/span><\/li>\n
    • Loan repayment by equal monthly instalments deducted at source from the salary of the associate.<\/span><\/li>\n
    • Legal proceedings initiated against associate and his guarantor when an associate fails to repay a loan, the associate and the guarantor shall bear the costs, charges and commissions which may be incurred by the Fund in respect of such proceedings.<\/span><\/li>\n
    • Whenever borrower is proceeding on leave without pay, he must immediately call at the Fund to make arrangements for the repayment of the loan.<\/span><\/li>\n
    • Where a borrower ceases to be an associate, he will be requested to repay the balance of loan including accrued interests.<\/span><\/li>\n<\/ul>\n

      \u00a0<\/span><\/p>\n

      CHECKLIST<\/strong><\/span><\/p>\n

      PERSONAL LOAN CHECK LIST<\/span><\/p>\n

      <\/span><\/p>\n

      -9% per annum<\/p>\n

      <\/span><\/p>\n

      -Period of 3 Years<\/p>\n

      1.\u00a0\u00a0\u00a0\u00a0\u00a0 Maximum amount of loan – Rs100,000\/-<\/span><\/h5>\n

      2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Documents to be submitted for Application<\/span><\/p>\n

        \n
      • Original + photocopy of ID cards [Applicant (2) and Guarantor (1)]<\/span><\/li>\n
      • Original + photocopy of latest Payslip [Applicant and guarantor]<\/span><\/li>\n
      • Pay Slip and ID Card Spouse [if combined salary with spouse].<\/span><\/li>\n
      • Photocopy of utility Bill [CEB, CWA or Mauritius Telecom] for Applicant and Guarantor.<\/span><\/li>\n
      • Original letter from employer certifying applicant is neither under report nor on leave without pay (valid for two weeks only)<\/span><\/li>\n<\/ul>\n

        <\/span>
        <\/span><\/p>\n

        3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 After Approval of Loan<\/span><\/h5>\n\n
          \n
        • Life Insurance Policy (single premium) which will be assigned in favour of the Fund to cover the full amount of loan.<\/span><\/li>\n
        • Deed of loan and Salary Declaration Authority \u2013 signed by associate and guarantor.<\/span><\/li>\n<\/ul>\n

          <\/span><\/p>\n

          4.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Loan granted to be secured by the personal guarantee of another associate acceptable to the Fund.<\/p>\n

          <\/span><\/p>\n

          5.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Loan repayment to be deducted at source from the salary of the associate by equal monthly instalments.<\/p>\n

          <\/span><\/p>\n

          6.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Legal proceedings initiated against associate and his guarantor when an associate fails to repay a \u00a0loan, the associate and the guarantor shall bear the costs, charges and commissions which may be incurred by the Fund in respect of such proceedings.<\/p>\n

          <\/span><\/p>\n

          7.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Whenever borrower is proceeding on leave without pay, he must immediately call at the Fund to make arrangements for the repayment of the loan<\/p>\n

          <\/span><\/p>\n

          8.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Where a borrower ceases to be an associate, he will be requested to repay the balance of loan \u00a0including accrued interests.<\/p>\n

           <\/p>\n

          <\/span><\/p>\n

          PERSONAL LOAN<\/strong><\/p>\n

          <\/span><\/p>\n

          Interest Rate:\u00a09%<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Period:\u00a03 Years<\/strong><\/p>\n

           <\/p>\n

          <\/span><\/p>\nLOAN REPAYMENT<\/strong>
          \n

          \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
          RS<\/strong><\/span><\/td>\nRS<\/strong><\/span><\/td>\n<\/tr>\n
          10,000<\/span><\/td>\n318<\/span><\/td>\n<\/tr>\n
          15,000<\/span><\/td>\n477<\/span><\/td>\n<\/tr>\n
          20,000<\/span><\/td>\n636<\/span><\/td>\n<\/tr>\n
          25,000<\/span><\/td>\n795<\/span><\/td>\n<\/tr>\n
          30,000<\/span><\/td>\n954<\/span><\/td>\n<\/tr>\n
          35,000<\/span><\/td>\n1,113<\/span><\/td>\n<\/tr>\n
          40,000<\/span><\/td>\n1,272<\/span><\/td>\n<\/tr>\n
          45,000<\/span><\/td>\n1,431<\/span><\/td>\n<\/tr>\n
          50,000<\/span><\/td>\n1,590<\/span><\/td>\n<\/tr>\n
          55,000<\/span><\/td>\n1,749<\/span><\/td>\n<\/tr>\n
          60,000<\/span><\/td>\n1,908<\/span><\/td>\n<\/tr>\n
          65,000<\/span><\/td>\n2,067<\/span><\/td>\n<\/tr>\n
          70,000<\/span><\/td>\n2,226<\/span><\/td>\n<\/tr>\n
          75,000<\/span><\/td>\n2,385<\/span><\/td>\n<\/tr>\n
          80,000<\/span><\/td>\n2,544<\/span><\/td>\n<\/tr>\n
          85,000<\/span><\/td>\n2,703<\/span><\/td>\n<\/tr>\n
          90,000<\/span><\/td>\n2,862<\/span><\/td>\n<\/tr>\n
          95,000<\/span><\/td>\n3,021<\/span><\/td>\n<\/tr>\n
          100,000<\/span><\/td>\n3,180<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

          <\/span><\/p>\n

          [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

          [vc_row][vc_column][vc_column_text] Personal Loan Scheme   Loan Ceiling up to – Rs100, 000. Rate of Interest-9% per annum Period 3 Years Documents to be submitted for Application Letters from Employer confirming that associate and Guarantor is employed in a substantive capacity and officer not under report and not proceeding on leave without pay. Pay Slip of […]<\/p>\n","protected":false},"author":1,"featured_media":72,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-112","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=\/wp\/v2\/pages\/112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112"}],"version-history":[{"count":9,"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=\/wp\/v2\/pages\/112\/revisions"}],"predecessor-version":[{"id":594,"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=\/wp\/v2\/pages\/112\/revisions\/594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=\/wp\/v2\/media\/72"}],"wp:attachment":[{"href":"https:\/\/statutorybodiesfpf.govmu.org\/statutorybodiesfpf\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}