MAURITIUS LOAN FOR FOREIGNER MAURITIUS LOAN FOR NON-RESIDENT MORTGAGE HOME LOAN
In Mauritius, a loan for non-resident is intended for individuals who do not reside in Mauritius and who wish to borrow money from Mauritian banks in order to finance a personal project such as the acquisition of real estate.
In Mauritius, the loan for non-residents is sometimes difficult to obtain given the financial regulations in place which only reserve this type of banking product for people who live in the country and who have a Mauritian address.
In Mauritius, financing for non-residents will be done on a different basis than for a borrower residing on the Island by requiring strong guarantees proving the repayment capacity of the loan.
In Mauritius, the mortgage for non-resident foreigners requires from the future owner an advance of 40% of the value of the property in comparison with 0% for the Mauritian resident who is favored by the Mauritian lenders.
There are many lending organizations in Mauritius, Mauritian loans are mainly intended for the holder of Mauritian bank accounts and which have income and guarantees on the spot.
For a financing facility, Mauritian banks generally require the following documents: an identity card, the most recent payslip and proof of residence of less than 3 months (by a telephone or electricity bill).