Property Financing Options in Mauritius : Your Complete Guide

Buying property in Mauritius is an exciting prospect for both local and international buyers. With attractive financing solutions available through local banks, government schemes, and developer plans, owning property on this tropical island is more attainable than ever.

At Tropical Riviera Realty, we guide our clients through every step of the purchase process, including securing the right financing. This comprehensive guide outlines the key property financing options available in Mauritius.

Who Can Finance Property in Mauritius?

Both Mauritian citizens and non-citizens, including expatriates and international investors, are eligible to finance property in Mauritius, depending on the type of development and their residency status.

For Mauritian Citizens

• Full access to local mortgages and government subsidies

• Eligible for incentives such as first-time homebuyer schemes and home loans in Mauritius designed to support local buyers

For Foreigners

• Eligible to purchase properties under specific investment schemes such as:

  • Integrated Resort Scheme (IRS)

  • Real Estate Scheme (RES)

  • Property Development Scheme (PDS)

  • Smart City Scheme

• Financing available through local banks or via foreign income, with mortgage options for foreigners in Mauritius tailored to their needs

Types of Properties You Can Finance

Buyers can access financing for a variety of property types across Mauritius, including:

• Apartments: Ideal for first-time buyers, expats, and investors, available in urban centres, coastal areas, and integrated developments. Many banks offer apartment loans in Mauritius with competitive rates.

• Houses and Townhouses: Standalone or semi-detached homes suitable for families or long-term residents.

• Off-Plan Developments: Buyers can secure properties under construction at pre-completion prices, with developer-linked payment schedules and financing options.

• Investment Properties: Rental units or secondary residences eligible for financing based on projected income or resale value, supporting real estate investment in Mauritius.

• Residential Land: Serviced plots available for building a personal residence. Locals have broad access, while foreigners can purchase residential land within approved schemes. Residential land financing is increasingly accessible through banks with clear loan terms.

Property Loans from Mauritian Banks

Several reputable banks in Mauritius offer property loans with competitive rates and flexible repayment terms. These include:

• Mauritius Commercial Bank (MCB)

• State Bank of Mauritius (SBM)

• Bank One

• ABSA Bank Mauritius

• AfrAsia Bank

Key Features of Mortgage Loans

• 80% – 100% financing depending on eligibility

• Loan terms up to 30 years

• Fixed or variable interest rates starting around 5.5% to 7%

• Financing available in Mauritian Rupees (MUR), Euro (EUR), or US Dollars (USD)

Financing options are often more favorable for properties located in government-approved schemes or high-end developments. When considering your property loan requirements in Mauritius, it’s important to understand these terms upfront.

Required Documents

To apply for a home loan in Mauritius, prospective buyers will generally need to provide:

• A valid identity document or passport

• Proof of income (salary slips, employment letter, or business income records)

• Recent bank statements

• The signed property sales agreement

• A valuation report from an approved valuer

• Proof of residency status if applicable

Government Incentives and Support

For Mauritian Citizens

• Exemptions or reductions on registration duties for first-time buyers

• Homeownership Scheme – 5% refund of the purchase price up to Rs 10,000,000 (maximum refund up to Rs 500,000)

For Foreigners

• No capital gains tax on property resale

• No inheritance tax on real estate assets

• Permanent residence granted for property purchases above USD 375,000 under schemes such as IRS, RES, PDS, and Smart City

Financing for Foreign Buyers

Foreign nationals can access financing for residential property in Mauritius, particularly when buying in approved schemes. Most banks provide mortgages for up to 70–80% of the property’s value, with terms of up to 25 years.

Additional financing structures include:

• Loans in EUR or USD to hedge against currency fluctuation

• Developer financing options for off-plan properties

• Structured payment plans linked to construction milestones

Case Study: Financing a USD 500,000 Villa under the PDS Scheme

This example demonstrates the accessibility of properties through proper financial planning and professional guidance, which can make buying property in Mauritius a realistic goal.

Why Choose Tropical Riviera Realty

Our team at Tropical Riviera Realty offers tailored support to both local and international clients. We help you:

• Identify suitable properties under the right ownership schemes

• Connect with trusted banking partners and mortgage consultants

• Navigate residency processes for eligible foreign buyers

• Understand all associated fees and legal obligations upfront

Our goal is to provide seamless property solutions with clarity, confidence, and discretion.

Start Your Property Journey

If you are considering purchasing property in Mauritius and would like assistance understanding the best financing solution for your situation, we invite you to get in touch with us.

Our experts are here to advise on available mortgage options, exclusive developments, and investment-friendly opportunities across the island.

Contact Tropical Riviera Realty today to schedule a private consultation.