Lifestyle | Your Money

July 01, 2013

Employees Welfare Loan Scheme: New Financing Plan for Employees

The Employees Welfare Fund (EWF) officially launched Friday, June 28 a new financing plan for all employees participating in the National Savings Fund (NSF). It is the Employees Welfare Loan Scheme. This appropriation is intended to finance travel, domestic or household equipment, renovations, medical expenses and weddings.

It is necessary to be employed for at least one year to be eligible. The loan amount is Rs 15,000 minimum to Rs 300 000 maximum and annual interest rate is 7%. Note that this rate is fixed. It is essential to have a guarantor and the repayment is spread between 3 and 5 years depending on the loan amount. EWF also reviewed various conditions other loans that come into force on 1 July 2013.

Regarding the 'Soft Loan', the new limit is now Rs 300,000 against Rs 200,000 previously and the maximum reimbursement is now eight years in September against the level of the 'Loan Fixed Charge' repayment is a maximum of 10 against nine years ago. Finally, the in-house Death Cover Scheme covers up to Rs 1 million by borrowing against Rs 500,000 previously as well as permanent disabilities.

 

 

Tags Cloud

20102011accaaccidentaccidentsadvertisingafghanistanAfrAsiaafricaagalegaagreementagroairair australAir Franceair madagascarair mauritiusairasiaAirlinesairportairway coffeealgeriaalibabaalteoamazonAMLandroidApollo BramwellappleappointmentsappsarrestasiaATOauditaudit reportaustraliaaustriaaviationawardawardsBABagatelleBagatelle DamBAIBangladeshbankbankingbanksbarclaysbeachesBeau Bassin-Rose HillbeautyBelgiumBelle-MareBelle-RivebetamaxBharat Telecombig databitcoinsblue economyBOIboko haramBollywoodBOMbombingbookbossBotswanabpmlBPOBramer BankbrazilbrexitbudgetbuildingbusesBusinessbusiness trendsCabinetcall centresCanadacanecareercareer tipscargocarnivalcasinoCCIDCCMCCTVCEBcelebretiescementChagoscharityCharlie HebdoCHCchilechinacigarettescinemaclashesCMTcomorosconcertconferenceCongoconstitutional amendmentconstructioncontestcontestscooperationcorruptioncounterfeitcoupCourtsCPBCPEcreativitycreditscrisiscruise shipsCSOCT PowerCultureCurepipecustomercustomerscustomsCWAcyclingcyclonedamDawood RawatdayDBMdeficitdenguedeportationdevelopmentdivalidoctorsdodoDomaine les PaillesDPPdrugsDTAADubaiDuty Freee-commercee-servicesearthquakeebeneebolaecoecologyeconomiceconomicseconomyEducationEEZEgyptEIILMelectionselectoral reformelectricityembassyEmiratesEmtelenergyENLentrepreneurshipEOCEUEuroEuropeeventeventsexaminationexamsexpoexportfacebookfairFalcqfarmersfarmingfast foodfbiFDIferryfestivalFIFAFIFA World CupfilmingfilmsfinancefinancesfinancingFirefishfishingFlacqFloodsflourfoodFootballforecastforeign workersForumFrancefraudfruitfruitsFSCFTAfuelfunnyGAARgabongadgetsgamblinggamesgasgazaGDPGermanyghanagolfgoogleGorah Issac casegovernmentGRAGrand Baygrand-baiegreecegreengreen energyhackershajjhamashappinessHawaiihawkershealthhealthcareHeritage Cityhi-techhistoryHolcimholidaysHong Konghorse racingHospitalhotelhotel businesshotelshowhow toHRHRDCHSBCHSCHSC ProhtchungaryhuntingIBAIBLICACICTICTAID cardiframacillegal fishingillegal migrationIMFimportindiaIndian OceanIndian Ocean Island GamesIndonesiainflationInfographicsinfrastructureinnovationinnovationsinsuranceinternetinterpolInterviewinterview tipsinvestinginvestmentinvestmentsIOCIORECiosiPadiphoneIPOiraniraqirelandIRSISISislamicisraelITItalyjapanJin FeijobjobsjournalismKenyaKPMGkreollabourLafargelandlandslidelawlawsleadershipleakLepepliberiaLibyalifeloanslocal governmentlotteryLottotechLRTLufthansaMadagascarmalariamalaysiamalaysia airlinesMaldivesMalimallmanagementmanagement tipsmanufacturingmarketmarketingmarketsMauBankMauritiansmauritiusMBCMCBMCCIMeatmeccamediaMedical tourismmedicamentsmedicineMedPointmeetingMEFMESMEXAMFAmichaela harte caseMicrosoftMIDMidlandsMIEmigrationmigration crisismiss mauritiusmistakesMITDmlMMMmobilemobile phonesmoneymoney launderingmonkeyMoody’sMoroccomotivationmoviesMozambiqueMPAMPCMPCBMPLMQAMRAMSCMSMMTMTCMTPAMusicMV BenitaNaïadeNamibiaNandanee SoornackNarendra ModinatureNavin RamgoolamNCBNCGNDUNECnefNelson MandelaNeotownNepalnetworkingNew Mauritius HotelsNGONHDCNICNigerianight clubsNitin Chinien caseNobel Prizenorth koreaNRBNTANTCoceanofofficialsoffshoreoilOlympic GamesOmnicaneoniononlineopinionOppositionorangeoscaroscar pistoriusOUMoutsourcingPakistanpalestinePamplemoussesPanama Paperspandit sungkurparliamentPaul BérengerpensionsPhilippinesPhoenix Beveragesphonespicture of the daypillspiracyplanPMpmsdPNQpokerpolicepoliticspollutionPonzi SchemeportPort LouisPort-LouispostpovetryPRPravind JugnauthPRBpresentationpresentation tipspresidentpricepricesprisonproblemprofitprojectprojectsprostitutionprotestsPSCpsychologyPTRpublic servicepwcquatre-bornesquotesrainsRajindraparsad SeechurnRakesh Gooljauryratesratingratingsreal estatereformsreligionrepo ratereportRESrestaurantsresultresultsresumeresume tipsReunionrevenuericeriseroadsroche-boisRoches-Noires caseRodriguesRose-HillrosewoodRoshi BhadainRundheersing BheenickrupeeRussiaRwandasafetySAJsalariessalarysalesalessales tipssamsungsanctionssaudi arabiaSBIsbmSCscamscandalscholarshipsSchoolschoolsscienceseasecuritySEMDEXSeychellesShakeel MohamedShanghaisharksshootingshoppingshopping fiestashopping mallshopping mallsshowSICsicomSierra LeonesingaporeSITskillssmall businesssmart citysmartphonesSMeSMEDAsmmsocialsocial mediasocial networks & messengerssoftwaresolar energySomaliasonysouthsouth africaSouth China Seasouth koreasouth sudanspainsponsorshipsportSportsSquatterssri lankaSSRStar KnitwearstartupsstatisticsstatsSTCstockstock marketstocksstrategystreet vendorsStressstrikestudystylesuccesssuccess storysugarsummitSun ResortsSun Tan caseSunkai casesurveySwedenSwitzerlandsyriaTAtabletsTaiwanTanzaniataxtax fraudtax heaventaxesTbillsteateamTECtechnologytelecomtendersterrorismtertiarytextilethailandthethefttimetime managementtipstotourismtoystradetrade feetradingtrainingstransporttraveltrendsTrioletTripAdvisorTrou-aux-BichestsunamitunaTunisiaTurfTurkeyturkish airlinesTVtwittertyphoonUdMUgandaukukraineununemploymentunionsuniverseuniversityuomUSUTMvacanciesVacoas Popular Multipurpose Cooperative SocietyVacoas-PhoenixVanilla Islandsvarma caseVATvegetablesvideoVideo of the Dayvirtual realityvisaVishnu LutchmeenaraidoovisitvolcanowasteWaterWaterparkWeatherwest africaWhitedot Casewi-fiwindowsWMAwomenworkworkersWorkshopWorldWorld Bankwriting tipsWTOyemenYEPyoutubeZambiazimbabwe
Mauritius
© 2010-2016 mega.mu