As we are all aware, we had recently been affected by severe flooding in many areas in Mauritius, causing significant damage to homes and properties. In light of this, we understand that many citizens were facing financial difficulties due to the unforeseen expenses incurred as a result of the flood. This new MHC Flood Relief Loan Scheme will benefit and financially support individuals who may be affected in future similar calamities to cover immediate expenses or rebuild in the aftermath.
Features / Benefits
Purpose of Loan
|
For house repairs/renovation to owner-occupier
|
Type of Loan Product
|
Flexi
|
Maximum Loan Amount
|
Rs 250,000
|
Repayment Period
|
Maximum 10 years
|
Processing Fees
|
Rs 2,000.- (no other fees - i.e., handling fee & loan agreement fee)
|
Mandatory Requirement
|
Applicant to produce evidence of damages and declaration made to the police.Â
|
*Terms and conditions apply
Â
Features / Benefits
Purpose of Loan
|
For house repairs/renovation to owner-occupier
|
Type of Loan Product
|
Flexi
|
Maximum Loan Amount
|
Rs 250,000
|
Repayment Period
|
Maximum 10 years
|
Processing Fees
|
Rs 2,000.- (no other fees - i.e., handling fee & loan agreement fee)
|
Mandatory Requirement
|
Applicant to produce evidence of damages and declaration made to the police.Â
|
*Terms and conditions apply
Â