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Home Loan

HSBC Home Loan

Introduction

Every detail counts when you apply for a home loan. A small change in rates can make a difference to your savings on interest over the long term.

With HSBC, building or buying a home becomes a lot easier because we have attractive monthly repayments so that you enjoy a more comfortable life for years to come

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HSBC's Home Loan offers the most competitive rates on the market.

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Benefits & Features

Choice of repayment schedules: Monthly or Fortnightly repayment option

With the fortnightly repayment option:

  • Save up to 22% on total interest.*
  • Own your property sooner.

 

Competitive Interest Rates

HSBC's Home Loan offers the most competitive rates on the market.

 

Moratorium

An interest only mortgage for the first two years of the loan. Enjoy reduced monthly payments during the first two years.

 

Flexible repayment period

  • For construction/house purchase

-     Loan tenor varies between 5 to 25 years

  • For land purchase/house renovation

-     Loan tenor varies between 5 to 10 years for renovation

-     Loan tenor varies between 5 to 25 years for land purchase

 

Minimum Amount

  • For construction/house purchase

-     Minimum amount is Rs 500,000

-     Maximum amount MUR 10,000,000

  • For land purchase/house renovation

-     Minimum amount is Rs 200,000

-     Maximum amount MUR 5,000,000

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Eligibility

  • Resident of Mauritius
  • Individuals aged between 18 to 65 years (loan to terminate prior to 60 years of age for salaried or 65 years for self employed professionals)
  • Minimum time at current residence - 1 year
  • Minimum income requirement
    - Rs 15,000 (sole)/MUR 25,000 (Joint) for Monthly Repayment
    - Mur 30,000 for Fortnight Repayment (Per individual)
Criteria mentioned above are for indicative purposes only. Customers are recommended to talk to a branch representative for more details.

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Documents Required

To avail of a home loan, please submit the following documents:

  • Completed Loan Application form
  • Proof of Identity - Identity Card or Passport
  • Other Documents:
Salaried Applicants Self-employed
Bank statements for last six months (if salary is not credited with HSBC) Bank statements for last six months of applicants and business
Last 3 original salary slips Latest paid utility bills (CWA and CEB)
Latest paid utility Bills (CWA and CEB) Certificate of incorporation of company
  Trade license

 

Note: We draw your attention to the existence of the Mauritius Credit Information Bureau (MCIB). Please, Click Here, to access the information booklet

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