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*
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.