Fixed Rate Home Loan in Euros

The fixed rate Housing Loan in Euros is a fixed rate redeemable loan covering any type of real estate acquisition: new or old, with or without renovation or expansion works, under construction or finished, for a primary or secondary residence or even for a rented residence.

This loan is subject to a fixed rate for the whole duration of the term. Your monthly repayments are constant. BCP Bank (Mauritius) is the sole bank offering such a loan in Euros on the Mauritian market.

Benefits

Right from the start, every loan repayment modality is set.
Monthly repayment is constant.
Early repayment is allowed.
Interest rate is fixed for the whole term. With BCP Bank (Mauritius), you enjoy among the lowest rates of the market and you know the exact cost of your loan.

Features

This fixed rate real estate loan is exclusively coupled with the Euro currency.
Monthly repayment is fixed for the whole term.
The loan is reserved to the acquisition of real estate property on the Mauritian market

Conditions

Eligibility

Any physical person aged between 18 and 60 years old (maximum age being 65 years old at final settlement of loan).
A person with a revenue in Euro / or equivalent of a minimum of EUR 2,000.
Mauritian Resident customers, Non-Mauritian Resident customers or Non-Resident Mauritians

Duration

Maximum of 15 years, subject to approval of application.

Customer capital contribution

Customer capital contribution is subject to borrower’s financial profile (a minimum of 20% capital contribution is in any case required)

Other conditions

Mandatory domiciliation of salary
Acceptable presentation and proof of project
Constitution of garantees
Subscriptions to insurance policies (among which a life insurance policy, a building insurance policy, both covering the loan amount and endorsed in favour of BCP Bank (Mauritius).
Evaluation report to the Bank’s satisfaction
Debt-to-income ratio should allow you to cover your living expenses