MAURITIUS HOME LOAN FOR FOREIGNER
In Mauritius, a mortgage for a non-resident foreigner consists of a financing facility that enables individuals who do not reside within the island to obtain financing to purchase property.
In Mauritius, the home loan for a non-resident foreigner is accessible without the need for a local residence permit, although investing a significant amount in real estate may qualify the borrower for residency under specific investment programs that encourage foreign ownership within approved schemes.
In Mauritius, the real estate financing for a non-resident foreigner requires from the prospective borrowers to be advised to engage with local financial institutions or international banks operating in Mauritius that offer these financial services to foreigners.
What are the conditions to get a mortgage in Mauritius for a non-resident who want to purchase a home in the country ?
Conditions for a non-resident to obtain a mortgage in Mauritius, including key requirements and guidelines:
1. Eligibility & Down Payment (LTV)
Non-residents can obtain mortgage financing from Mauritian banks, typically up to 60–70% of the property’s value, necessitating a down payment of 30–40% or more . In certain cases, personal equity requirements may even range up to 70% for non-residents, depending on the bank and borrower profile.
2. Loan Term & Age Limits
Repayment periods for non-residents are generally limited to 15 years, though with strong profiles, some banks may extend this to up to 25–30 years . Borrowers are also subject to age-related restrictions, with many banks requiring loans to be repaid before the borrower reaches age 65–70.
3. Documentation & Local Requirements
Applicants must provide detailed documentation, including:
- Valid passport and proof of identity
- Proof of foreign income (salary slips, bank statements, tax returns)
- Evidence of ability to repay, including debt-to-income assessments
- Property sales agreement or valuation
- Mandatory insurance covering life, disability, or property