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Home Loan
Introduction
Do you need a loan? Or do you need refinancing of an existing home loan? Do not wait any longer.
Fixed rate home loan
6.5% offer fixed for first year*
And there's more!
The rates as from the second year are below 8.9% p.a.*
Plus, all registration fees are paid by HSBC in case of refinancing
No need to show you pictures of houses and happy couples. We understand that what matters most is the amount you can save on one of the biggest financial decisions of your life.
So whether you are a first time home buyer, seeking a second property or wish to opt for refinancing, HomeStart offers you the choice of home loan features that best suit your needs.
Know more
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
Our repayment periods range from 10 to 25 years
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 (loan period of 5 to 25 years).
- For land purchase/house renovation, Rs 200,000 (loan period of 5 to 7 years).
*Terms and Conditions Apply. Annual Percentage Rate (APR) as from 6.7%
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 per individual (Monthly repayment option).
- Minimum income requirement - Rs 30,000 per individual (Fortnightly repayment option).
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
