MauBank SME LokalBoost

SME LokalBoost is MauBank's all-in-one financing package for local small businesses. Instead of one loan, you get a menu of facilities under one roof: a term loan for big investments, plus shorter-term tools like import loans, revolving credit, bill discounting, an overdraft, leasing and a business credit card. The idea is that one bank relationship covers both your growth projects and your day-to-day cash needs.

The headline facility is a term loan of up to Rs 10,000,000 at PLR + 0.5%, repayable over up to 10 years including a moratorium of up to 12 months. Around it sit import loans up to Rs 5,000,000, revolving loans up to Rs 3,000,000, bill discounting up to Rs 1,000,000, an overdraft up to Rs 1,000,000, and equipment or vehicle leasing up to Rs 5,000,000 at PLR minus 0.3%, plus a business credit card for everyday spending.

The package is for businesses operating in Mauritius with an annual turnover of up to Rs 30,000,000, which covers the vast majority of SMEs on the island. You will need to be a registered business, and MauBank will look at your accounts, your banking history and the purpose of the financing like any commercial lender.

To apply, visit any MauBank branch or start from the SME LokalBoost page on maubank.mu and ask for an SME relationship officer. Bring your business registration card, recent financial statements or bank statements, and a clear picture of what you want to finance. Because it is a package, tell the officer your full needs upfront so they can structure the right mix of facilities rather than just one loan.