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.
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.
Parameters updated on
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.
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.
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.
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.
No. Registration duty, notary fees and disbursements are paid from own funds; our estimate adds them to the down payment needed.
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.
All your loan instalments are capped at 50% of your gross income (Bank of Mauritius). On a salary of MUR 60,000 with no existing loan, the maximum instalment is therefore about MUR 30,000; the matching capital then depends on the rate and the term. The simulator runs the calculation on your actual situation.
It depends on the loan currency, not only on nationality. In rupees, a foreign resident commonly finances up to 80% of the price, so a 20% deposit; in euros or dollars the financed share drops to around 60–70%, so a 30 to 40% deposit. Acquisition costs come on top and are always paid from own funds. For a new scheme purchase below USD 750,000, EDB rules require the whole purchase to be funded from abroad.
The final instalment must usually fall before age 65. Your age therefore caps the term: at 50, the maximum term is about 15 years, which raises the instalment for the same capital. Each bank sets its own limit, sometimes aligned with retirement age.
We use an order of magnitude of 6% a year for a rupee loan, sitting between published entry rates and reference rates. It is neither an offer nor any institution's rate: no bank is named here. If you have a quote, enter its rate in the simulator and the calculation adjusts.
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.