MHC News

MHC Flood Relief Loan Scheme

As we are all aware, we had recently been affected by severe flooding in many areas in Mauritius, causing significant damage to homes and properties. In light of this, we understand that many citizens were facing financial difficulties due to the unforeseen expenses incurred as a result of the flood. This new MHC Flood Relief Loan Scheme will benefit and financially support individuals who may be affected in future similar calamities to cover immediate expenses or rebuild in the aftermath.

Features / Benefits

Purpose of Loan
For house repairs/renovation to owner-occupier
Type of Loan Product
Flexi
Maximum Loan Amount
Rs 250,000
Rate of Interest
5*% p.a (linked to Key Rate)
Repayment Period
Maximum 10 years
Processing Fees
Rs 2,000.- (no other fees - i.e., handling fee & loan agreement fee)
Mandatory Requirement
Applicant to produce evidence of damages and declaration made to the police. 
*Terms and conditions apply
 
Features / Benefits
Purpose of Loan
For house repairs/renovation to owner-occupier
Type of Loan Product
Flexi
Maximum Loan Amount
Rs 250,000
Rate of Interest
5*% p.a (linked to Key Rate)
Repayment Period
Maximum 10 years
Processing Fees
Rs 2,000.- (no other fees - i.e., handling fee & loan agreement fee)
Mandatory Requirement
Applicant to produce evidence of damages and declaration made to the police. 
*Terms and conditions apply
 
2024 MHC - Mauritius Housing Company Ltd