Continue with Facebook
Continue with Email
Home Loans
Compare, choose, and save. One place to Compare offers from all the best banks in the country
Home Loan buying process
To qualify for a home loan, certain criteria must be met regarding the bank assessing your ability to finance the loan obligations. There are also many documents that must be submitted to the bank known as KYC (Know Your Client). In Mauritius, foreigners can borrow up to 70% of the property's value, while Mauritian citizens are eligible for up to 100% home loans. Normally your Loan-to-value ratio (LTV) cannot exceed 40% of your monthly income. Interest rates in Mauritius generally start from 3% and above.
Documents needed:
- Application form for loan - each bank has its own form for the borrower to complete their details.
- Submit KYC documentation - various documents that include ID, proof of address, income, bank statements, etc
- Bank evaluation bank on borrower - the bank receives your documents and analyses them internally.
- Receive loan offer letter - if eligibility criteria are met the bank will send you an offer letter with terms
- Pay loan processing fees - if the borrower accepts the offer letter there are admin & processing fees to be paid
- Loan registration and signature - final documents are signed and loan is registered with bank
- Disbursement of loan - bank disburses fund to borrower
Home Loan documents
- Proof of Identification - valid Mauritian ID or passport in case of foreigner
- Proof of Employment - work contract with employer
- Proof of Residence - up-to-date proof of address and place of residence
- Payslips (6 months) - official monthly payslips of salary show proof of income
- Bank Statements (6 months) - monthly banks statements
- Title Deed / Deed of sale - to identify and register property being purchased
Frequently Asked Questions
How does this work?
PropertyCloud has partnered with several banks in Mauritius to make applying for a home loan easy, fast, and more efficient. Insert your details on the form box, upload your documents to the dashboard, and have your application sent to various banks. 1 form, multiple offers. Easy!
Why do I need to upload documents?
Submitting your documents to our secure dashboard allows us to verify your KYC information so that when your application is presented to the banks - they already have the required documents needed to make you an accurate offer.
What types of home loans can I apply for?
We offer the following options: new home purchase, refinancing, and switching loans between banks.
What can I expect after submitting my quote?
Once you’ve completed the form, log into your dashboard and upload the required documents. Our representative will contact you to check the details and understand more about your request. We will then submit your application to the bank and provide you with an offer!