SMB Property Finance
Can foreigners finance property in Mauritius
Absolutely! Non-citizens can get a mortgage in Mauritius. There are a few requirements that the property must meet:
- Must be a resale OR
-Must be a Ground Plus Two (G+2) OR
- Must be over $750 000, in which case the portion over $750 000 can be financed
FAQ
Can foreigners get a mortgage to buy property in Mauritius?
Yes, non-citizens can obtain mortgages from Mauritian banks, typically covering up to 70% of the property value, depending on their risk profile and the property type.
What is the maximum age to finance a property in Mauritius?
Most banks cap financing at age 65 at the end of the loan term. However, if a cash or investment portfolio is pledged, some banks may extend this to 70 or even 75.
How long are terms for property financing in Mauritius?
Terms typically range from 10 to 20 years, with the borrower’s age at loan maturity not exceeding 65 (or 70–75 with pledged assets). Interest-only loans may have shorter terms, such as 5 years.
Can I refinance a property with a home loan in Mauritius?
Yes, refinancing on a property you already own is available to lower rates or extend terms, typically up to 60% of the property’s revalued amount, subject to credit and property reassessment.
Who Does Not Qualify for a Loan?
Do I still qualify for residency if I get a home loan?
Yes, you can qualify for residency even if the property is financed, rented out, or held in a trust or company, as long as it meets the minimum value (e.g., USD 375,000 for PDS properties).
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