Re-Cash Loan Scheme

Re-Cash Loan Scheme

The Re-Cash scheme will be specially meant for existing loan customers who are willing to refinance their existing housing loan with us and also to avail of an additional loan for housing purposes.

Benefits

  • All loans lumped into one loan with a lower interest rate.
  • Additional loan amount with the same repayment capacity.
  • Reduce or extended tenure.
  • No early repayment fee applicable for loan above Rs 3m.

Features

  • Minimum loan amount: Rs 100,000: Maximum Rs 10m.
  • Rate of interest (linked to Repo): 4.45% (SDA); 4.55% (BSO)
  • Repayment period: up to 35 years (not exceeding 65 years of age)
  • Loan to Valuation: Not exceeding 90%
  • Security: 1st rank mortgage on the property or any other alternate security as approved by us.

Fees and Charges

Application Fee Rs 1,000.
Handling Fee 1% up to a maximum of Rs 50, 000 of the loan amount.
Service Fee Rs 100 per month.
Fixed Charge Fee 0.75% of the loan amount.
MCIB Fee Rs 50.
Re-Cash Loan Scheme

The Re-Cash scheme will be specially meant for existing loan customers who are willing to refinance their existing housing loan with us and also to avail of an additional loan for housing purposes.

Benefits
  • All loans lumped into one loan with a lower interest rate.
  • Additional loan amount with the same repayment capacity.
  • Reduce or extended tenure.
  • No early repayment fee applicable for loan above Rs 3m.
Features
  • Minimum loan amount: Rs 100,000: Maximum Rs 10m.
  • Rate of interest (linked to Repo): 4.45% (SDA); 4.55% (BSO)
  • Repayment period: up to 35 years (not exceeding 65 years of age)
  • Loan to Valuation: Not exceeding 90%
  • Security: 1st rank mortgage on the property or any other alternate security as approved by us.
Fees and Charges
Application Fee Rs 1,000.
Handling Fee 1% up to a maximum of Rs 50, 000 of the loan amount.
Service Fee Rs 100 per month.
Fixed Charge Fee 0.75% of the loan amount.
MCIB Fee Rs 50.
2021 MHC - Mauritius Housing Company Ltd