Mauritius mortgage simulator

Estimate, in a few questions, the financing a Mauritian bank could grant you and the down payment to plan for. A first step: your bank then takes over.

Financing a property in Mauritius

In Mauritius, financing an acquisition depends on three things: your residence situation, the nature of the property, and the currency your income is paid in. A Mauritian employee, a foreigner living on the island and an international buyer are not subject to the same rules.

This simulator brings together the public rules — Bank of Mauritius lending framework, scheme financing rules — and orders of magnitude drawn from banking practice. It gives an estimate to prepare your first meeting; it replaces neither the review of your file nor the bank's decision.

The rules that set your financing

• The instalment cap — All your loan instalments, including the new one, are capped at a share of your gross monthly income. Variable income (bonus, commissions) is only partly retained, on a twelve-month average at minimum.
• The financeable share of the price — An employee can in principle finance the whole price; the share is capped lower for self-employed and contractual borrowers, and lower still on a foreign-currency loan. Each bank then applies its own rules.
• Schemes and non-citizens — For a non-citizen buying new from the developer within a scheme (PDS, IRS, RES, Smart City, IHS), the acquisition is funded from money transferred from abroad up to a threshold expressed in dollars; beyond it, only the balance can be covered by a loan. Resale and G+2 are not concerned. A non-citizen holding a residence permit and earning in rupees may finance in rupees without that cap.
• Acquisition costs — Registration duty, notary fees and disbursements are paid from own funds: they add to the down payment, not to the loan.
• The property's value — Our estimate takes the price as the property's value. The bank has it valued: a value below the price increases the down payment needed.

Frequently asked questions

Can a foreigner borrow in Mauritius?

Yes, and the terms depend on residence and on the loan currency. A foreigner living in Mauritius and earning in rupees borrows on terms close to a resident's; a loan in euros or dollars generally finances a smaller share of the price, over a shorter term.

What share of the price does a bank finance?

For a resident employee, the whole price is in principle financeable; the share is capped lower for self-employed and contractual borrowers, and often sits between 60 and 80% on a foreign-currency loan. Each bank applies its own rules.

Does the rent I will receive increase my borrowing capacity?

Not in a standard residential loan: future rent is not counted. Some banks consider buy-to-let financing case by case, on their own criteria.

Are the rates shown here a bank's rates?

No. They are orders of magnitude, sitting between advertised entry rates and banks' reference rates. No institution is named and no offer is reproduced. If you have an offer, enter its rate: the calculation adjusts.

Are notary fees included in the loan?

No. Registration duty, notary fees and disbursements are paid from own funds; our estimate adds them to the down payment needed.

Is Ykone a mortgage broker?

No. This tool is a first step, to understand an order of magnitude. We do not compare banks, we pass on no file and we receive no banking commission. The financing relationship is formed directly between you and your bank.

See the acquisition costs in detail

Indicative, non-contractual estimate. This is neither a credit offer nor a financing agreement: the decision rests with the bank, after reviewing your file and valuing the property.