Senior Smart Loan

Purpose

This new loan scheme is for the benefit of all our senior citizen group whose age is between 60 and 70 years and who intends to construct or extend, buy a land or property, renovate, and also to refinance a home loan.

Who can benefit

  • Nationality – Mauritian/ Rodrigues.
  • Senior Citizens earning an old age pension / Salaried senior citizens / Senior citizens earning a retired pension
  • Single and Joint borrower are eligible
  • Age:  60 years up to 70 years.

Product Features

  • Loan amount: As from Rs 50,000 up to Rs1M
  • Maximum loan tenure – 10 years
  • Interest rate as from 5.45% p.a.

Documents Required

  • Latest pay slip or pension slip or other related documents as proof of income.
  • Interest received from investment
  • Bank statements last 3 months
  • Deed of property to be submitted as collateral (if applicable)

Fees and Charges

  • Application Fee – Rs 1000
  • Handling Fee - 0.5% of loan amount
  • Service Charge Fee – Rs 100
  • Fixed/Floating Charge Fee : 0.75% of loan amount
Purpose

This new loan scheme is for the benefit of all our senior citizen group whose age is between 60 and 70 years and who intends to construct or extend, buy a land or property, renovate, and also to refinance a home loan.

Who can benefit
  • Nationality – Mauritian/ Rodrigues.
  • Senior Citizens earning an old age pension / Salaried senior citizens / Senior citizens earning a retired pension
  • Single and Joint borrower are eligible
  • Age:  60 years up to 70 years.
Product Features
  • Loan amount: As from Rs 50,000 up to Rs1M
  • Maximum loan tenure – 10 years
  • Interest rate as from 5.45% p.a.
Documents Required
  • Latest pay slip or pension slip or other related documents as proof of income.
  • Interest received from investment
  • Bank statements last 3 months
  • Deed of property to be submitted as collateral (if applicable)
Fees and Charges
  • Application Fee – Rs 1000
  • Handling Fee - 0.5% of loan amount
  • Service Charge Fee – Rs 100
  • Fixed/Floating Charge Fee : 0.75% of loan amount
2021 MHC - Mauritius Housing Company Ltd