Loan Calculator

 
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APR 12% Per Annum
Credit Facilities are granted subject to conditions

For more information

Tel: (230) 206 0690
Fax: (230) 286 6076 / 77

Credit Facilities


Our Company offers credit facilities in the form of a hire purchase agreement. The purchaser would, under a hire purchase agreement, be normally required to effect a down-payment and pay the remaining amount in monthly instalments over a period of time. The period of repayment varies depending on the item being purchased, in accordance with the policy of the Company. According to the law on Hire Purchase the maximum period of repayment cannot be in excess of thirty (30) months.

Interest and administrative costs (referred to as charges under the Hire Purchase Law) is chargeable over the period of repayment. The charges cannot exceed 12% per annum.

For the convenience of customers who will not have to queue-up at the cashiers’ desks in our branches, we strongly recommend that payments of instalments be made by standing order on the bank accounts shown underneath.

Credit granted to corporate customers are only for a duration of 30 days unless otherwise agreed with our Credit Control department. Payments on such credit accounts  have to be settled via Internet Banking on the following bank accounts:

1) Name of Beneficiary: J. Kalachand & Co Ltd
Bank Name: SBM Bank (Mauritius) Ltd
Bank Address: 1, Queen Elizabeth II Avenue, Port-Louis
Account Number: 61030100044543

2) Name of Beneficiary: J. Kalachand & Co Ltd
Bank Name: Mauritius Commercial Bank Ltd
Bank Address: Sir William Newton Street, Port-Louis
Account Number: 000443086214

3) Name of Beneficiary: J. Kalachand & Co Ltd
Bank Name: HongKong and Shanghai Banking Corporation Ltd
Bank Address: HSBC Centre, 18 CyberCity Ebene
Account Number: 001-304039-007

4) Name of Beneficiary: J. Kalachand & Co Ltd
Bank Name: Barclays Bank Mauritius Ltd
Bank Address: 1st Floor, Barclays House 68-68A, CyberCity Ebene
Account Number: 14-2036533

Credit Facilities Process

A customer can apply for Credit Facilities either by going personally to the nearest J. Kalachand & Co Ltd showroom or by starting the process online.

Online Application Process

A Credit Facilities Form has to be filled in online and some documents uploaded. Our credit control department will analyze the information and peruse the documents to decide whether the loan may be granted.

The customer would then be contacted and asked to visit one of our branches to complete the application process.

Deed of Purchase Agreement

Once approved, a deed of Hire Purchase Agreement is then drawn out, outlining all the conditions of sale, which takes effect with the signature of both buyer and vendor.