Loan against PEL

The best way to predict your future is to create it - Abraham Lincoln

The main feature of this product is that no inscription is needed. Processing and disbursement is done in a swift manner.

Purposes

  • Purchase of residential land 
  • Property purchase (house, apartment or bungalow) 
  • Construction (house, apartment or bungalow) 
  • Construction on top of an existing building – (droit de surĂ©lĂ©vation) 
  • Renovation, extension, improvement, painting, repairs, flooring 
  • Refinancing of non-MHC housing loans

Features

  • The deposit is locked until repayment of the loan 
  • Interest chargeable: 1% higher than what is being paid to the account holders, but should not be less than that applicable for our Home Loan. 

Enjoy the benefits

  • Up to 90% of your deposit as loan amount 
  • The PEL deposit is used as security until repayment of the loan

Loan Against PEL Fee Structure

Application Fee : Rs1000.-irrespective of any amount
Administration Cost : Rs1000.-
Monthly Service Charge : Rs 100
Doctor's fee : Rs 450.- per person (w.e.f 1/03/2019) - payable at the time the proposal for DBLA is submitted and before the medical examination.
Policy fee : Rs 200.- per person for DBLA - payable at the time the proposal for DBLA is submitted and before the medical examination.
Purposes
  • Purchase of residential land 
  • Property purchase (house, apartment or bungalow) 
  • Construction (house, apartment or bungalow) 
  • Construction on top of an existing building – (droit de surĂ©lĂ©vation) 
  • Renovation, extension, improvement, painting, repairs, flooring 
  • Refinancing of non-MHC housing loans
Features
  • The deposit is locked until repayment of the loan 
  • Interest chargeable: 1% higher than what is being paid to the account holders, but should not be less than that applicable for our Home Loan. 
Enjoy the benefits
  • Up to 90% of your deposit as loan amount 
  • The PEL deposit is used as security until repayment of the loan

Loan Against PEL Fee Structure

Application Fee : Rs1000.-irrespective of any amount
Administration Cost : Rs1000.-
Monthly Service Charge : Rs 100
Doctor's fee : Rs 450.- per person (w.e.f 1/03/2019) - payable at the time the proposal for DBLA is submitted and before the medical examination.
Policy fee : Rs 200.- per person for DBLA - payable at the time the proposal for DBLA is submitted and before the medical examination.
2020 MHC - Mauritius Housing Company Ltd