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MauBank has launch an education loan campaign as part of its commitment to supporting students and professionals in their pursuit of higher education and career advancement.

This loan is designed to cover essential education-related expenses, including tuition fees, accommodation, travel costs, and other necessary expenditures, ensuring that financial constraints do not stand in the way of academic success. The campaign offer include:

  • Preferential Interest Rate, as from 7% p.a. (Current MauBank PLR – 0.8% p.a.) *
  • Free credit card issuance for 1st year.
  • Debit Signature Card in FCY (USD & EUR)


The above terms and conditions (‘Terms and Conditions’) shall apply solely to the Education Loan Campaign 2026 (‘Campaign’).


1. FEATURES

Secured Loan

  • Up to 100% Financing
  • Repayment up to 20 years.
  • Can be availed in Mauritian Rupee (MUR) or Foreign Currency (USD, EUR & GBP) **.
  • A moratorium on capital is available for the duration of courses, up to a maximum of 5 years + an additional of 3 months post-graduation.
  • Finance training fees, accommodation, air ticket and living expenses.
  • Valid for undergraduate, post graduate & professional programmes, may it be full time, part time & online.
  • Security: Fixed/Floating Charge on property/Cash collateral.

 

* Requests for Education Loan in USD, EUR and GBP are to be considered on a case-by-case basis, in line with the prevailing Bank’s credit and risk framework.

**The preferential interest rate is currently 7.0% per annum (being the Bank’s Prime Lending Rate (PLR) less 0.8%) and the corresponding Annual Percentage Rate (APR) is 7.23%; both are based on the prevailing PLR and will vary in line with any change thereto.

2. GENERAL CONDITIONS

  • This Campaign is effective from 06 February 2026 to 25 April 2026, close of business, both dates inclusive (‘Campaign Period’).
  • Loans applied during the campaign period should be sanctioned not later than 6 months after the date of closure of the campaign, i.e.,25 April 2026.
  • This Campaign is applicable to MauBank and Non-MauBank customer applying for an education loan.
  • This Campaign is applicable to individuals only.
  • The facility has to be used for the purpose for which it is being sanctioned.
  • For the Signature card in USD & EUR, customers must maintain an operative account in the same currency.

3. ELIGIBILITY

  • The applicant should have a minimum age of 18 years and a maximum of 65 years.
  • The applicant should be a Mauritian citizen, or a non-Mauritian citizen, holder of a residence permit.
  • The applicant’s repayment capacity must be satisfactory to the bank.


4. WHO CAN APPLY?

  • Student who is an income earner.
  • Parents and next of kin.
  • Spouse.

5. BANKING AGREEMENT


This Campaign Terms and Conditions must be read with the respective product terms and the relevant banking agreements. If there are any inconsistencies between these terms and the relevant product terms and the banking agreement, these terms shall prevail limited only to the inconsistencies.

More information on the fees applicable is available in our tariff guide available on www.maubank.mu or in any of our 19 Business Centres across Mauritius and Rodrigues.