Home Loan Plus

Purpose

To purchase Land or property, for Construction/Extension/Completion/Renovation and Refinancing.

Rate of Interest

  • 3.95% per annum for Salary deduction Authority (SDA)
  • 4.05% Per annum for Bank Standing Orders (BSO)

Main Features and Eligibilty

  • Loan above Rs 3 million
  • Maximum Loan tenure – 25 years
  • Nationality – Mauritian/Rodrigues
  • Single and Joint borrowers

Fees and Charges

  • Application Fees: Rs 1,000
  • Handling Fee: 0.75% of loan amount
  • Fixed Charge Fee: 0.75% of loan amount
  • Doctor Fee: Rs 550
  • Life/Building Policy: Rs 200
  • Early Repayment Fees: 1% of Loan amount

Documents Required

  • Proof of identity
    • Birth certificate, National Identity card
    • Marriage/Divorce certificate (if applicable)
  • Proof of income
    • At least 3 last payslips and bank statements for salaried
    • 12 preceding bank statements, Business Registration Number, Licence permit, MRA return wherever applicable for Self Employed
  • Other documents required
    • Title deed of property
    • Registered memo of survey & site plan /Location plan
    • Development & building permits if required
    • A complete set of house plan (in A4 Format) if required
Purpose

To purchase Land or property, for Construction/Extension/Completion/Renovation and Refinancing.

Rate of Interest
  • 3.95% per annum for Salary deduction Authority (SDA)
  • 4.05% Per annum for Bank Standing Orders (BSO)
Main Features and Eligibilty
  • Loan above Rs 3 million
  • Maximum Loan tenure – 25 years
  • Nationality – Mauritian/Rodrigues
  • Single and Joint borrowers
Fees and Charges
  • Application Fees: Rs 1,000
  • Handling Fee: 0.75% of loan amount
  • Fixed Charge Fee: 0.75% of loan amount
  • Doctor Fee: Rs 550
  • Life/Building Policy: Rs 200
  • Early Repayment Fees: 1% of Loan amount
Documents Required
  • Proof of identity
    • Birth certificate, National Identity card
    • Marriage/Divorce certificate (if applicable)
  • Proof of income
    • At least 3 last payslips and bank statements for salaried
    • 12 preceding bank statements, Business Registration Number, Licence permit, MRA return wherever applicable for Self Employed
  • Other documents required
    • Title deed of property
    • Registered memo of survey & site plan /Location plan
    • Development & building permits if required
    • A complete set of house plan (in A4 Format) if required
2021 MHC - Mauritius Housing Company Ltd