Personal Term Loan

Build a repayment plan that fits your next move.

Enter your income, existing debt payments and everyday costs. Empty debt and expense amounts count as 0. Total income must be above zero. Review your actual costs before using this budget check; it is not bank approval.

Dependable monthly take-home salary (MUR)

After tax and compulsory contributions, but before debt repayments. Add back repayments deducted from your payslip so they are counted only under debts.

Existing monthly debt repayments (MUR)

Total loans, leases, card repayments and other debts. Enter monthly payments, not balances. Enter 0 if none; exclude this proposed new loan.

Monthly living expenses (MUR)

Groceries, rent, utilities, transport, childcare, insurance and a monthly share of annual bills. Exclude debt payments already entered. Enter 0 only if genuinely none.

I’m taking this loan jointly with my partner or another person

Do not treat allowances, overtime or bonuses that could stop as guaranteed base salary. Check whether you could still pay without them, even if a lender counts them.

Your budget figures will be used once a loan repayment estimate is available.

Personal budget estimate, not approval or the bank’s legal DTI calculation. The 45%/50% warnings are take-home budgeting markers. Loan fees, rate rises and any final balloon payment need a separate allowance.

Job loss does not stop loan repayments, bills or the need to eat. Keep an emergency reserve that includes debts until income resumes; finding another job may take longer than expected.

Understand the 50% rule and MCIB checks

Debt-to-income (DTI) is the share of your income used for all monthly debt repayments. A figure below 50% does not guarantee approval or mean a loan is affordable. Allow for essential spending and emergencies too. Banks also assess your circumstances and credit history, including information from the Mauritius Credit Information Bureau (MCIB).

Read the full guide (opens in a new tab)

Plan an emergency fund

Keep some savings available for essential bills if your income stops or an unexpected cost arises. Money left after repayments is not all spare cash: it still needs to cover living costs and your emergency reserve.

Read the full guide (opens in a new tab)

These budget amounts stay on this page in memory. They are not sent to a bank or MCIB; leaving or refreshing clears them.

A little more detail, when you need it.

About this loan

Bank names, quoted passages and source-document text are shown in their original language. Translated explanations do not replace the bank’s terms.

AfrAsia Personal Term Loan

Our personal loans allow you to borrow larger sums over a longer period.
Processing Fee: 0.50% of facility amount (minimum MUR1,000)

Eligibility and conditions

Term-loan option only. The separate revolving overdraft is not a standard amortising loan.

Rates, limits and costs to confirm

Published annual rate: Not established

This is a published scheme rate. Eligibility, additional charges and the applicable terms still need to be checked.

Advertised bank pricing: Not established

Costs not yet priced

Confirm processing fees, insurance, taxes, legal/registration charges and any other costs with the bank.

Sources & verification (5 facts)

Name

Checked 4 Oct 2026

Term loan and overdraft

Document: AfrAsia Bank Limited: personal

Document section: Reviewed product terms

Website section: Loans / Cards

Bank breadcrumbs: Products → personal

Downloaded 4 Oct 2026, 19:56. Effective from: Not stated.

Where we found these terms Open supporting document

Product url

Checked 4 Oct 2026

https://www.afrasiabank.com/en/private/loans/term-loan-and-overdraft

Document: AfrAsia Bank Limited: personal

Document section: Fetched official URL

Website section: Loans / Cards

Bank breadcrumbs: Products → personal

Downloaded 4 Oct 2026, 19:56. Effective from: Not stated.

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Loan type

Checked 4 Oct 2026

Term loan and overdraft

Document: AfrAsia Bank Limited: personal

Document section: Reviewed product terms

Website section: Loans / Cards

Bank breadcrumbs: Products → personal

Downloaded 4 Oct 2026, 19:56. Effective from: Not stated.

Where we found these terms Open supporting document

Rate qualifier

Checked 4 Oct 2026

Term loan and overdraft

Document: AfrAsia Bank Limited: personal

Document section: Reviewed product terms

Website section: Loans / Cards

Bank breadcrumbs: Products → personal

Downloaded 4 Oct 2026, 19:56. Effective from: Not stated.

Where we found these terms Open supporting document

Estimate config

Checked 4 Oct 2026

About AfrAsia Overview Corporate Governance Investors Foundation Newsroom Career Golf Contact Private Banking Overview Cards Accounts Investment Solutions Loans Treasury. Redeem your XtraMiles Ways to Bank Corporate and Institutional Banking Overview Cards Cash Management Treasury. Financing Solutions Trade Finance Investment Solutions Ways to Bank International Banking Overview Cards Cash Management Treasury. Investment Solutions Correspondent banks Global Presence Ways to Bank Click icon again to close Below is a list of some popular pages World MasterCard Titanium MasterCard VISA Platinum Prepaid Card XtraMiles Spinnaker Savings Account Treasury & Markets Exchange Rates Wealth Management Corporate Cash Management Corporate Investments Solutions AfrAsia Financial Information AfrAsia Foundation Golf Latest News AfrAsia Corporate Governance Cards Accounts Investment Solutions Loans Treasury Redeem your XtraMiles Ways to Bank Loans Term loan and overdraft Overview Housing loan Car loan Green Car Loan Term loan and overdraft Home › Private › Loans › Term loan and overdraft Enjoy peace of mind about unplanned expenses with AfrAsia’s overdraft and personal loan facilities. AfrAsia’s overdraft allows you to borrow sums up to an agreed limit informally through your bank account. Our personal loans allow you to borrow larger sums over a longer period. Features Processing Fee: 0.50% of facility amount (minimum MUR1,000), payable upfront from own funds Provides Competitive rates Security: As required for credit approval Specialised team Fast & reliable service Accessible & flexible Become a client Need any help? Consult our FAQ Or contact us on +230 403 5500 or afrasia@afrasiabank.com Join the conversation #BankDifferent #AfrAsiaBank Rates & Fees Tariff Guide - Non Resident Tariff Guide - Resident Bank of Mauritius Template on Fees, Charges and Commissions View all rates and fees Application Forms Personal Private Corporate International REGULATORY BODY GUIDELINES Mauritius exits EU list of High-risk third countries on 13 March 2022 MBA Communique - Mauritius exits UK High-Risk Third Countries list MBA Code of Ethics and of Banking Practice MBA Communiqué - FATCA MBA Communiqué - New Bank Procedures for Returned Cheques View all regulatory body guidelines View our security tips Our Shareholders Swift Code AFBLMUMU Disclaimer | Send us your feedback | Contact | Privacy Policy | Cookie Policy AfrAsia Bank Limited is licensed and regulated by the Bank of Mauritius and the Financial Services Commission. AfrAsia Bank Limited is regulated by the South African Reserve Bank and the Financial Sector Conduct Authority (FSP 52012) AfrAsia Bank Limited (Dubai Branch) is regulated by DFSA. Copyright 2026 AfrAsia Bank Limited. Designed by FRCI AfrAsia Bank uses cookies to improve your user experience. By continuing on this website without changing your settings, you will be providing us with your consent to receive all cookies. For more information, please visit our privacy policy and cookie policy . Accept and close

Document: AfrAsia Bank Limited: personal

Document section: Reviewed product terms

Website section: Loans / Cards

Bank breadcrumbs: Products → personal

Downloaded 4 Oct 2026, 19:56. Effective from: Not stated.

Where we found these terms Open supporting document

Product version 1 · 4 Oct 2026

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