MHC News

Home loan

You dream, we make it home

Do you wish to finance the construction, extension or renovation of your home? Or take the plunge and buy a plot of land, house or apartment? You need look no further! Our Home Loan, designed with your needs in mind, will bring you one step closer to your dream home.  

Benefit a refund of up to Rs 500,000 through the Home Ownership/Home Loan Payment Schemes of the Government of Mauritius until 30/06/2022.

Purposes

  • Purchase of residential land¬†
  • Property purchase (house, apartment or bungalow)¬†
  • Construction (house, apartment or bungalow)¬†
  • Construction on top of an existing building (droit de sur√©l√©vation)¬†
  • Renovation, extension, improvement, painting, repairs, flooring, enclosure wall, pavement, gate, solar water heater, swimming pool, etc.)¬†
  • Refinancing of non-MHC housing loans (including loans for purchase of residential land)¬†

Features

  • 4.75% (Salary Deduction Authority)
  • 4.85% (Bank Standing Order)
  • Loan repayable before the client reaches 65 years old (for Self-Employed up to 60 years)
  • 100% financing¬†(for construction purpose).
  • Tenure: 30 years.¬†

Benefits

  • Finance facilities at low cost
  • Up to 30 years of repayment term
  • Fast assessment and disbursement

Affordable House Plan

Please contact the Technical Business Unit for more info on 405 5555

Our loan offer

Home Loan

Home Loan <= Rs 3M Salary Deduction Authority Bank Standing Order
  4.75% 4.85%

Download Interest rate table

Who can avail of an MHC Home Loan?

Salaried and self-employed individuals fulfilling MHC conditions/requirements.

What are the documents required?

  • Proof of identity
    • Birth certificate, national identity card and marriage certificate or divorce certificate (if applicable) of the borrower and spouse and/or co-applicants/usufruct owners/guarantors and those holding rights in the property.¬†
  • Proof of income
    • ¬†Salaried clients should produce 3 preceding salary slips and bank statements.¬†
    • Self-employed clients should produce their certificate of employment/BRN and 12 preceding bank statements.¬†
    • MRA Return
  • Other documents required
    • title deed of property¬†
    • memo of survey & site plan¬†
    • location plan¬†
    • development & building permits¬†
    • 1 copy¬†of the plan of the house to be constructed¬†
    • proof of employment¬†
    • your last PEL receipt¬†
    • For clients working abroad: work permit & visa (5 years minimum)
  • Additional conditions
    • The client will be requested to contribute the equivalent of an instalment of one-month loan (six months for clients working abroad) in his/her PEL account, which will be locked over the loan period.
    • New clients will be required to make a minimum monthly contribution of Rs300 in his/her savings (PEL) account. This contribution will be locked and no withdrawal will be allowed until the loan is repaid in full with accessories.

What are the various fees that the client will incur?

  • Application Fee: Rs1,000
  • Handling fee: 1% of loan amount up to Rs50,000 (Minimum Rs3,000)
  • Fixed Charge preparation fees: 0.75%
  • Doctor fee: Rs550 applicable in case client opts for MHC life cover
  • Monthly service charge Rs100

How much can the client avail of?

Please use our online calculator

Proposed Incentives

  • FREE site visits and inspections
Purposes
  • Purchase of residential land¬†
  • Property purchase (house, apartment or bungalow)¬†
  • Construction (house, apartment or bungalow)¬†
  • Construction on top of an existing building (droit de sur√©l√©vation)¬†
  • Renovation, extension, improvement, painting, repairs, flooring, enclosure wall, pavement, gate, solar water heater, swimming pool, etc.)¬†
  • Refinancing of non-MHC housing loans (including loans for purchase of residential land)¬†
Features
  • 4.75% (Salary Deduction Authority)
  • 4.85% (Bank Standing Order)
  • Loan repayable before the client reaches 65 years old (for Self-Employed up to 60 years)
  • 100% financing¬†(for construction purpose).
  • Tenure: 30 years.¬†
Benefits
  • Finance facilities at low cost
  • Up to 30 years of repayment term
  • Fast assessment and disbursement
Affordable House Plan

Please contact the Technical Business Unit for more info on 405 5555

Our loan offer

Home Loan

Home Loan <= Rs 3M Salary Deduction Authority Bank Standing Order
  4.75% 4.85%

Download Interest rate table

Who can avail of an MHC Home Loan?

Salaried and self-employed individuals fulfilling MHC conditions/requirements.

What are the documents required?
  • Proof of identity
    • Birth certificate, national identity card and marriage certificate or divorce certificate (if applicable) of the borrower and spouse and/or co-applicants/usufruct owners/guarantors and those holding rights in the property.¬†
  • Proof of income
    • ¬†Salaried clients should produce 3 preceding salary slips and bank statements.¬†
    • Self-employed clients should produce their certificate of employment/BRN and 12 preceding bank statements.¬†
    • MRA Return
  • Other documents required
    • title deed of property¬†
    • memo of survey & site plan¬†
    • location plan¬†
    • development & building permits¬†
    • 1 copy¬†of the plan of the house to be constructed¬†
    • proof of employment¬†
    • your last PEL receipt¬†
    • For clients working abroad: work permit & visa (5 years minimum)
  • Additional conditions
    • The client will be requested to contribute the equivalent of an instalment of one-month loan (six months for clients working abroad) in his/her PEL account, which will be locked over the loan period.
    • New clients will be required to make a minimum monthly contribution of Rs300 in his/her savings (PEL) account. This contribution will be locked and no withdrawal will be allowed until the loan is repaid in full with accessories.
What are the various fees that the client will incur?
  • Application Fee: Rs1,000
  • Handling fee: 1% of loan amount up to Rs50,000 (Minimum Rs3,000)
  • Fixed Charge preparation fees: 0.75%
  • Doctor fee: Rs550 applicable in case client opts for MHC life cover
  • Monthly service charge Rs100
How much can the client avail of?

Please use our online calculator

Proposed Incentives
  • FREE site visits and inspections
2022 MHC - Mauritius Housing Company Ltd