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CFSL Communiqué

Friday, 19 April 2019 Communiqué

The Board of CIM Finance Ltd (‘Cim Finance’) wishes to inform the clients of the company that it has notified the Bank of Mauritius (‘BoM’) of its intention to surrender the company’s deposit-taking licence once all existing deposits have been redeemed and all other conditions imposed by the BoM have been met.

This decision stems from the desire of Cim Finance to focus its development plans on its core business as a credit-financing institution through its consumer finance, cards and payment, leasing and factoring activities. Cim Finance will also be able to rely on the support of its parent company, CIM Financial Services Ltd (‘CFSL’), for funding. In addition, CFSL intends to look at raising funds through capital markets in Mauritius to diversify its funding mix and to support the future growth of Cim Finance.

Cim Finance will thus no longer accept new deposits and/or renew maturing deposits. Concurrently, all existing deposit holders have been informed in writing of the procedure that will be adopted by Cim Finance for the redemption of their deposits.

The Board of Cim Finance would like to confirm that it has the necessary funds to proceed with an orderly redemption of the deposits and that all of its other activities remain unchanged.

Clients are invited to contact Cim Finance on 2036870 for any information that they require on this matter.

By order of the Board 
Cim Administrators Ltd
Company Secretary
19 April 2019

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Credit purchase

Shopping has never been so convenient

Fill in the information below and simulate your repayment capacity

Finance Amount (Rs)
Interest (%)
Repayment term
Part payment

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Part payment
0.00
Interest paid
0
Repayment term
6 months

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

You are taking a lease

Leasing:
Price:
Age of Vehicle:
Period:
Down payment:

Monthly rental(Rs)

Finance amount (Rs)

Residual value

Repayment term (month)

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Leasing

The right plan to make things happen!

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Price(Rs)
Down payment(Rs)
Interest (%)
Age of Vehicle
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly rental
Rs 1,745.10
Finance amount
Rs 10,000
Period
6
Residual value
0
Down payment
30000

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Cim Voyage

How about taking a vacation with your family and friends to explore other shores?

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Finance Amount(Rs)
Interest (%)
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Part payment
0.00
Interest paid
0
Repayment term
6

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Credit Facility

The solution to your immediate need for a credit facility!

Fill in the information below and simulate your repayment capacity

Finance Amount(Rs)
Interest (%)
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Interest paid
0
Repayment term
6

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.