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Mauritius 💰 MUR Last updated2026-05-28 Home loan Calculator
Mauritius
A home loan of Rs 4,500,000 at 7.25% over 25 years works out to a monthly payment of about Rs 32,526, with total interest of Rs 5,257,893 over the full term.
Mortgage Calculator
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Local context Home loans in Mauritius
Market overview
The Mauritian mortgage market is led by Mauritius Commercial Bank (MCB), State Bank of Mauritius (SBM), AfrAsia Bank, ABC Banking and Absa Mauritius. The Bank of Mauritius (BoM) holds the Key Rate at 4.5% since mid-2024, with the Prime Lending Rate around 7.0-7.5%. Property demand is supported by the IRS/RES/PDS/SCS schemes which grant residency to foreign buyers above USD 375,000.
Why 7.25% is the typical rate
Rates of 6.5-8% reflect the BoM Key Rate of 4.5% plus a 2-3% bank margin, with PLR-linked variable mortgages dominant; the Repo Rate transmission has been steady since the 2024 BoM framework reform.
Tax & regulatory notes
Buyers pay 5% registration duty plus 0.2% transcription fee under the Registration Duty Act 1804 and 5% land transfer tax payable by the seller. Foreign buyers under PDS/IRS pay an additional 5% land transfer tax. The Code Napoleon-based property law and Banking Act 2004 govern mortgages, with the BoM enforcing macroprudential DSTI caps of 40%.
Local banks Mauritius mortgage rates by bank
The main home loan lenders in Mauritius, with indicative 2026 rates and typical loan-to-value caps. Rates vary by borrower profile, residency and property type — use the calculator above with each bank's quoted rate to compare your real monthly payment.
MCB (Mauritius Commercial Bank)
The island's largest bank and mortgage leader. PLR-linked housing loans for residents, plus dedicated foreign-buyer lending on PDS/IRS/RES scheme property; salary-domiciled clients get the best margins.
SBM (State Bank of Mauritius)
The second pillar of Mauritian banking, pricing neck-and-neck with MCB. Strong on government-scheme lending and staff/payroll packages; also finances non-citizens buying under approved schemes.
Absa & Bank One
Challenger banks that compete on fixed-intro rates and expat/foreign-currency mortgages (EUR/USD income assessed) for PDS villa purchases.
MHC (Mauritius Housing Company)
The state housing lender: subsidised loans for lower- and middle-income Mauritians, first-home schemes, and government-guarantee products below commercial pricing.
Indicative rates compiled from public bank disclosures and central-bank data for 2026; not a quote or an offer of credit. Confirm current terms directly with the lender.
A home loan of Rs 4,500,000 at 7.25% over 25 years
Rs 4,500,000 7.25% 25 years (300 months) Rs 32,526 Rs 5,257,893 Rs 9,757,893 
