The Mauritius Post and Cooperative Bank Ltd (MPCB) stands out as one of the major banks of the island with a passion for customer service, offering a vast array of products and services encompassing Personal Banking, Corporate Banking, Trade Finance & Treasury Services.


Domestic operations comprise a national network of 14 branches and 18 ATMs around the island. In addition to offering a range of traditional banking services, MPCB is continuing to enlarge its product portfolio to include new financial products to meet market needs.


MPCB believes in putting customers first. Knowing where we are going speeds up the journey. Knowing our customers better makes the journey a pleasant and mutually rewarding one.

 

MPCB Special Loan Scheme

MPCB is pleased to announce that a special loan scheme has been worked out for SIT (Sugar Investment Trust) Cote D’Or Integrated/Mixed Property Development Project.  

The “Morcellement” project has been branded as Aurea – Living Harmony. Relative details are given below:

  • Loan Amount

Up to 100 % financing. 
  • Interest rate

2.75 % below MPCB Prime Lending rate, with a minimum effective rate of 5.25 % for the first year.

0.15 % below MPCB Prime Lending rate, with a minimum effective rate of 7.85 % for the second year onwards.
  • Tenor

Maximum 25 years including moratorium during development period which shall however not exceed 2 years.
  • Repayment   

Interests payable monthly during moratorium and capital and interests thereafter in consecutive equated monthly installments.
  • Processing Fee     

0.5 % of loan amount against normal fee of 1 %.
  • Security  

Tripartite agreement / 1st Rank Mortgage on property being purchased / any other acceptable security to the bank.
  • Insurance   

Life insurance assigned in favor of the bank.
  • Other Condition

The Borrower must be below 55 years of age and have a regular source of income.
   
  • Important Dates:
  
  • Site Visits 

15 December 2011 to 17 January 2012
  • Reservation by Option Certificate Holders  
 25 January 2012 to 30 January 2012
  • Reservation by the General Public   
 As from 31 January 2012

 

 
MPCB Revised rate small and medium enterprises

Following the measures announced in the Budget Speech 2012, we wish to inform our clients and the public at large that with effect from 01.12.2011, the interest rate applicable to new facilities and renewal of existing fund based credit facilities to ELIGIBLE SMEs (specific sectors and turnovers apply) up to the ceiling allotted to MPCB is as follows:.

Interest Rate: 8.5% per annum (3.0% above prevailing BOM Key Repo Rate)

For more information , talk to us on 405 9417 or visit your nearest MPCB branch.



MPCB e-banking opens up an entirely new way of doing your banking anytime and from anywhere, provided you have access to an internet connection. With e-banking you are priviledged to access state-of-the-art facilities and opportunities.

MPCB SMS Banking enables you to effect your transactions at your fingertips with complete peace of mind,round the clock, by using your mobile phone.



MPCB is the first bank in Mauritius to offer a fully-fledged SMS Banking service to its clients.
That with the Smart Junior Account your children can obtain discounts with our various partners!
That Study Access offers up to 100% financing to a tertiary education with no repayment on capital during the study period!

 

 

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Date: 27-January-12
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