We understand that owning home one of the most important decisions in life and achieving this goal can be quite a challenge, especially when it comes to arranging the finance required and we can assist you with the most suited solutions to:
- Build or buy your new home
- Renovate or extend your home
- Top up your existing home loan
- Refinance your home loan with us
Refund of up to Rs. 500,000 can be available through the Government of Mauritius Home Loan Ownership and Home Loan Payment Schemes as applicable. Find out more.
Buying a new home or ready to switch your home loan to HSBC
Benefits and features
- The minimum loan amount that you can take under a home loan is:
-Rs200,000 for Renovation
-Rs500,000 for Purchase, Refinancing or Construction - Repay your loan sooner and save on total interest paid
You may choose to repay your Home Loan either on a monthly or fortnightly basis.
- Attractive interest rates
HSBC Home Loans are linked to our competitive Base Lending Rate. You can rest assured that an HSBC Home Loan will help bring down the cost of your loan repayment.
- No monthly service fee
We do not charge any monthly service charge for holding a home loan with us.
- Simple, transparent terms and no hidden charges
Single handling fee, no Mauritius Credit Information Bureau (MCIB) fees, no search fees, no legal fees, and no monthly surcharges or ledger fees.
- Personalised service from our dedicated Home Loan Specialists
- Flexible repayment period
We provide up to 25 years to help spread your payments more easily.
- An interest only option is available if constructing your own property
This option enables you to only pay interest each month during the construction period, enabling you to inject more funds into your project. Available for a maximum period of 2 years, capital and interest repayments will start after the ‘moratorium’ period.
- Valuation performed by independent professional valuers
- Borrow up to a maximum 80% of property value or purchase price
- Refinance your loan to your advantage
Pay off your loans sooner and save on total amount of interest paid. Lower your monthly repayment and improve your immediate cash flow.
The minimum loan amount that you can take under a home loan is Rs. 500,000
Repay your loan sooner and save on total interest paid
You may choose to repay your Home Loan either on a monthly or fortnightly basis.
Attractive interest rates
HSBC Home Loans are linked to our competitive Base Lending Rate. You can rest assured that an HSBC Home Loan will help bring down the cost of your loan repayment.
No monthly service fee
We do not charge any monthly service charge for holding a home loan with us.
Simple, transparent terms and no hidden charges
Single handling fee, no Mauritius Credit Information Bureau (MCIB) fees, no search fees, no legal fees, and no monthly surcharges or ledger fees.
Personalised service from our dedicated Home Loan Specialists
Flexible repayment period
We provide up to 25 years to help spread your payments more easily.
An interest only option is available if constructing your own property
This option enables you to only pay interest each month during the construction period, enabling you to inject more funds into your project. Available for a maximum period of 2 years, capital and interest repayments will start after the ‘moratorium’ period.
Valuation performed by independent professional valuers
Borrow up to a maximum 80% of property value or purchase price
Refinance your loan to your advantage
Pay off your loans sooner and save on total amount of interest paid. Lower your monthly repayment and improve your immediate cash flow.
Eligibility criteria
To apply for a home loan, you must satisfy the following criteria:
- Resident of Mauritius
- Individuals aged between 18 to 65 years (loan to terminate at 65 years or retirement age)
- Minimum income requirement: Rs25,000 (sole)/Rs40,000 (Joint) for monthly repayment
Criteria mentioned above are for indicative purposes only. Please speak to us for more details.
Documents required
To apply for a Home loan, please submit the following documents:
- Proof of identity - National identity card or valid passport
- Latest utility bill – e.g. Central Electricity Board (CEB), Central Water Authority (CWA) or Mauritius Telecom (MT)
- For fixed income: last 3 months' salary slips (or latest month salary slip if salary is credited to an HSBC account). For variable income: last 12 months' salary slips.
- Letter of employment including salary status may be required
- Birth certificate (and marriage certificate if applicable)
- Property title deed, site and location plan
- Evidence of own funds
- Construction plan building permit (if applicable)
- Bank Statements (if applicable)
We may in some cases, require other documents from you. You will be informed accordingly.
Terms and Conditions apply
Note: We wish to inform you of the existence of the Mauritius Credit Information Bureau (MCIB). Access the MCIB information bookletMCIB information booklet for more information This link will open in a new window.
Applications will be subject to the bank’s usual assessment. Rates are variable and linked to the HSBC Base Landing Rate and is subject to fluctuation at any anytime. Your home may be repossessed if you do not keep up repayments on your home loan.
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