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.

 

Share!  
Text by Defi Media Group
 

Tags Cloud

20102011accidentaccidentsadvertisingAfrAsiaafricaagreementagroairair australAir Franceair mauritiusAirlinesairportAMLandroidappleappsasiaATOauditaustraliaaviationawardawardsBABagatelleBangladeshbankbankingbanksbarclaysbeachesBeau Bassin-Rose Hillbeautybig databitcoinsBOIBollywoodBOMbombingbookbossBotswanabpmlBPOBramer BankbudgetbuildingbusesBusinessbusiness trendsCabinetCanadacanecareercareer tipscarnivalcasinoCCMCEBcementChagoscharityCHCchinacomorosconcertconferenceCongoconsructionconstructioncontestcontestscooperationcorruptioncounterfeitCourtsCPBCPEcreativitycrisiscruise shipsCSOCT PowerCultureCurepipecustomercustomerscustomsCWAcyclingcyclonedamdayDBMdeficitdenguedeportationdevelopmentdivalidodoDTAAe-servicesearthquakeebeneecoeconomiceconomicseconomyEducationEgyptEIILMelectionselectricityenergyentrepreneurshipEUEuropeeventeventsexaminationexpoexportfacebookfairfarmersFDIfestivalFIFAfilmsfinancefinancesfinancingFirefishfishingFloodsflourfoodFootballforecastforeign workersForumFrancefraudfruitfruitsFSCFTAfuelfunnyGAARgadgetsgamblinggamesgasGDPgolfgooglegovernmentGrand Baygreengreen energyhappinesshawkershealthhealthcarehi-techhistoryHolcimholidayshorse racingHospitalhotelhotel businesshotelshowhow toHRHRDCHSBCHSCHSC ProICACICTICTAID cardillegal fishingIMFimportindiaIndian OceanIndonesiainflationInfographicsinfrastructureinnovationinnovationsinsuranceinternetInterviewinterview tipsinvestinginvestmentinvestmentsIOCIORECiPadiphoneIRSislamicITItalyjapanjobjobsKenyalandlawlawsleadershiplifelocal governmentlotteryMadagascarmalaysiamalaysia airlinesMaldivesMalimallmanagementmanagement tipsmanufacturingmarketmarketingmarketsmauritiusMBCMCBMCCImedicineMedPointmeetingMEFMESmichaela harte caseMicrosoftMIDmigrationmiss mauritiusmistakesMMMmobilemoneymoney launderingMoroccomotivationmoviesMozambiqueMPAMPCMRAMSCMTMTCMTPAMusicNaïadeNamibiaNandanee SoornacknatureNCBNECNelson MandelaNeotownnetworkingNGONHDCNigerianight clubsNitin Chinien caseNTCoceanofoffshoreoilOlympic GamesOmnicaneoniononlineopinionorangeOUMPakistanPhilippinesPhoenix Beveragespicture of the daypiracyplanPMPNQpokerpolicepoliticsportPort LouispostPRPRBpresentationpresentation tipspricepricesproblemprofitprojectprostitutionprotestspsychologyquatre-bornesquotesrainsratingratingsreal estaterepo ratereportRESrestaurantsresultresultsresumeresume tipsReunionrevenuericeriseroadsroche-boisRodriguesrupeeRussiaRwandasalariessalarysalesalessales tipssamsungsbmSCscamscandalscholarshipsSchoolschoolssciencesecuritySEMDEXSeychellesShanghaisharksshoppingshopping fiestashopping mallshowSICsicomsingaporeskillssmall businesssmartphonesSMeSMEDAsmmsocialsocial mediasoftwaresolar energysonysouthsouth africasouth koreasponsorshipsportSportssri lankaSSRstartupsstatisticsstatsSTCstockstocksstrategystreet vendorsStressstrikestudystylesuccesssuccess storysugarSun ResortsSunkai casesurveyTAtabletsTanzaniataxtax heaventaxesTbillsteateamTECtechnologytelecomtendersterrorismtertiarytextilethailandthethefttimetime managementtipstotourismtoystradetrade feetradingtrainingstransporttraveltrendsTrioletTripAdvisortsunamitunaTurfTurkeyTVtyphoonUgandaukukraineunemploymentunionsuniverseuniversityuomUSUTMVacoas-PhoenixVanilla Islandsvarma caseVATvegetablesvideoVideo of the DayvisavisitwasteWaterWaterparkWeatherWhitedot Casewi-fiwomenworkworkersWorkshopWorldwriting tipsWTOYEPzimbabwe
Mauritius
© 2010-2014 mega.mu