Loan Type	Purpose	Maximum Financing	Repayment Period	Security
Housing Loan MPCB Home	Purchase of land Purchase of land & House House construction Repairs or extension to house	75% of cost of land / house / renovation costs	Up to 25 years	First rank fixed  charge on property Decreasing Term Assurance Building Insurance against Fire & Allied Perils Salary Pledge
Agricultural Loans	Purchase of agricultural land	80% of cost of land	Up to 6 years	First rank fixed  charge on land Sugar Delegation  assigned in favour of the bank Decreasing Term Assurance
	Purchase of agricultural equipment	80% of cost of equipment excluding VAT	Up to 5 years	Gage Sans Déplacement on  equipment financed Personal Guarantee of Directors in case loan is contracted in the name of a company Fire & Allied Perils Cover and/or Electronic Equipment Cover  and/or Contractors' Plant and Equipment Cover, as applicable
Educational Loan MPCB Study Access	Finance of tertiary studies	80% of study costs	Moratorium during study period + capital repayable over a maximum period of 5 years	Fixed charge on property Decreasing Term Assurance Building Insurance against Fire & Allied Perils Salary Pledge
Personal Loan MPCB Easy	Purchase of furniture / household equipment Finance of medical / wedding expenses	Up to 15 months' salary	Up to 6 years	Secured Personal Loans Salary Pledge First rank fixed charge on propery Decreasing Term Assurance Building Insurance against Fire & Allied Perils Unsecured Personal Loans Salary Pledge One Personal Guarantor
Motor Vehicles Loan MPCB Drive	Purchase of new vehicle	90% of cost inclusive of registration & VAT	Up to 6 years	Gage Sans Déplacement & Lien on new motor vehicle Comprehensive Motor Vehicle Insurance Cover Decreasing Term Assurance Salary Pledge
	Purchase of reconditioned vehicle	75% of purchase price excluding registration & VAT, subject to the car being not older than 5 years	Up to 4 years	Gage Sans Déplacement & Lien on new motor vehicle Comprehensive Motor Vehicle Insurance Cover Decreasing Term Assurance Salary Pledge
	Purchase of second hand vehicle	60% of purchase price excluding registration & VAT, subject to the car being not older than 5 years	Up to 4 years	Gage Sans  Déplacement & Lien on new motor vehicle Comprehensive Motor Vehicle Insurance Cover Decreasing Term  Assurance Salary Pledge
Equipment Loan	Purchase of equipment by professionals	80% of cost of equipment excluding VAT	Up to 4 years	Fixed charge / Gage Sans Déplacement on equipment Personal Guarantee of Directors in case loan is contracted in the name of a company One Personal  Guarantor in case loan is contracted by an individual Fire & Allied Perils Cover and/or Electronic Equipment Cover and/or Contractors' Plant & Equipment Cover, as applicable
	Purchase of equipment by small entrepreneurs	80% of cost of equipment excluding VAT	Up to 7 years	Fixed charge / Gage Sans Déplacement on equipment Personal Guarantee of Directors in case loan is contracted in the name of a company One Personal Guarantor in case  loan is contracted by an individual Fire & Allied Perils Cover and/or Electronic Equipment Cover and/or Contractors' Plant & Equipment Cover, as applicable

Note:

	Loan proposals are considered on a case by case basis and will be subject to the  customer's financial standing and requirements of the Bank.
	Please visit your nearest MPCB branch or call 2079999 to check our latest interest rates