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
