housing loan mauritius

housing loan mauritius


Should the credit application be approved by the credit committee, the bank will issue an official offer letter – to be signed in two copies.The terms and conditions of a loan will depend, among other factors, on the currency in which the loan is contracted. Partner discounts . The benchmark rates (at 22 August 2018) for LIBOR are as follows:1-month EUR LIBOR: – 0.39414% p.a.

Remaining balance - 90% of value of the residential property. The first Rs5m - 100% of value of the residential property. One may expect a term of 15 years. The security requested would be a fixed charge on the property, up to the amount of financing contracted. Our Home Loan now comes with the possibility of 100% financing* in addition to attractive interest rates. Home loan offers. Or take the plunge and buy a plot of land, house or apartment? In Mauritius, a borrower may apply for a home loan in Mauritian Rupees and in any hard currency. Make it happen.

SICOM Housing Loan carries an attractive interest rate as from 4.5% p.a.

Loan up to 95% of your property’s value or 100% of construction cost* Monthly repayment to income: 50% maximum (depending on income range) Loan repayable before the client reaches 65 years old*

It is also meant to refinance existing home loans from another financial institution (s). If you have already found a potential home, you may certainly seek some counsel from the promoter or developer before approaching a bank. HSBC Home Loans … Should the applicant be agreeable in principle, a formal home loan application will be made via the banker. For the purchase/construction of a second residential property, the maximum loan amount should not exceed 70 per cent of the value of property.
However, the applicant would have to consider the penalty charges that may apply.Penalty charges may significantly outway the marginal benefits of refinancing.Register your interest to be contacted by an agent from Mauritius Sotheby’s International Realty.I will say Mauritius blogs is a lively blog and its details love it.Copyright © 2019 - Live in Mauritius by Mauritius Sotheby's International Realty. With the above information you already know what to expect.It may be advisable to preempt and consider the additional charges when purchasing property in Mauritius.Should an applicant wish to transfer an existing home loan from one bank to another, in the case of a better offer for example, it may be possible to refinance the loan. In the money market industry, and often elsewhere, benchmark rates are used to compare interest rates on different currencies. 500,000. A borrower should be able to service the loan without being exposed to unnecessary currency risks. *Terms and Conditions apply BOM Template As one of the leading banks in Mauritius, we are here to help you, purchase a land, build your first home, renovate or extend it. / 3-month EUR LIBOR: -0.36042% p.a.1-month USD LIBOR: 2.066% p.a. Our Home Loan, designed with your needs in mind, will bring you one step closer to your dream home. You need look no further! Mauritius, a paradise to live in and a go-to hub for financial exchanges and international commerce. Attractive interest rates. Benefit from great discounts and exceptional deals on a wide range of housing products to help the house of your dreams materialise.

Get a Quote. You may choose to repay your Home Loan either on a monthly or fortnightly basis. 2.55% First Year (Provided the client is availing loan for a maximum term of 25 years). The minimum loan amount that you can take under a home loan is Rs. As the leader in housing financial services, the Mauritius Housing Company Ltd (MHC) offers a wide range of services in Mauritius and Rodrigues. to assist an individual to acquire, construct, renovate, refurbish and to extend his/her residential property.

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housing loan mauritius 2020