Top Up Loan Scheme

Purpose

To allow our customers to apply for additional funds on their existing home loan equivalent to the capital already paid.

Features

  • The loan amount range is Rs 50,000 up to a maximum of Rs 1M, with a repayment period of up to the term of the existing loan or for a maximum term of 15 years or till the age of retirement whichever is applicable.
  • 4.45%* pa (Salary Deduction Authority)
  • 4.55%* pa (Bank Standing Order)

(*) -  fluctuates with Repo

Eligibility Criteria

  • Nationality - Mauritian/Rodrigues.
  • Single and joint borrowers are eligible.
  • Maximum loan tenure - Up to the original loan term or a maximum of 15 years.
  • Client must have at least serviced the original loan for 12 months with a good repayment track record.

Fees and Charges

  • Application Fee - Rs 1,000
  • Administration Fee - Rs 3,000
  • Monthly Service Charge - Rs 100
Purpose

To allow our customers to apply for additional funds on their existing home loan equivalent to the capital already paid.

Features
  • The loan amount range is Rs 50,000 up to a maximum of Rs 1M, with a repayment period of up to the term of the existing loan or for a maximum term of 15 years or till the age of retirement whichever is applicable.
  • 4.45%* pa (Salary Deduction Authority)
  • 4.55%* pa (Bank Standing Order)

(*) -  fluctuates with Repo

Eligibility Criteria
  • Nationality - Mauritian/Rodrigues.
  • Single and joint borrowers are eligible.
  • Maximum loan tenure - Up to the original loan term or a maximum of 15 years.
  • Client must have at least serviced the original loan for 12 months with a good repayment track record.
Fees and Charges
  • Application Fee - Rs 1,000
  • Administration Fee - Rs 3,000
  • Monthly Service Charge - Rs 100
2021 MHC - Mauritius Housing Company Ltd