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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
Know more
HSBC's Home Loan offers the most competitive rates on the market.
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.
- NEW! Home Loan Calculator
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
One Stop Shop
We can arrange loan insurance as well as home insurance to protect your home and its contents.
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
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)
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
