📝 Purchase Details
📋 Cost Breakdown
Land Price:
Notary Fee:
Registration Duty:
Additional Costs:
Total Upfront Cost:
Thinking about buying land in Mauritius? Whether you’re a first-time buyer or planning to finance your purchase with a home loan, understanding the true costs—and running the numbers—will help you make smart decisions.
To help you navigate this process with confidence, we've developed two free powerful tools: the Land Purchase & Costs Calculator and the Home Loan Calculator.
Our Mauritius Home Loan Calculator is built with local rates and regulations, making it more accurate than generic tools. It factors in notary fees, registration duties, agency fees, and even extra cost buffers, giving you a clear picture of the real cost. In just seconds, you can see your monthly payments, total interest, and repayment schedule, helping you plan smarter and buy with confidence.
Calculate your land purchase costs with Mauritius-specific rates and regulations
Calculate your home loan payments with Mauritius-specific rates and regulations
Purchasing land involves more than just the sale price. To avoid any surprises, it's crucial to understand all the associated costs. Here's a breakdown of the typical expenses you'll encounter:
Registration Duty: Automatically calculates the 5% registration fee (with first-time buyer exemptions up to MUR 5 million). This is a government tax, usually a flat 5% of the land's value as stated in the Deed of Sale. The notary collects this fee and pays it to the Registrar General.
Stamp duty – Additional charges may apply for document registration (usually Rs2,500 to Rs10,000), which should be factored into your housing budget.
These fees are mandatory and are calculated on a sliding scale based on the transaction value. This is a progressive scale calculation based on property value:
Note: These fees are subject to 15% VAT.
Agency Fees: While these can vary but the standard is 2% of the property value plus 15% VAT, and are typically paid by both the buyer and the seller. However, if you're buying a property in a new development, the developer typically covers the agency fees.
Planning for these costs will help ensure you set a realistic budget for your land purchase in Mauritius.
By using our Land Purchase & Costs Calculator, you can input the price of the land and get a quick, indicative estimate of all these extra costs. This allows you to budget accurately from the beginning.
Before taking a home loan in Mauritius, here are some key things to consider:
Carefully considering these factors will help you secure a home loan that fits your needs and financial situation in Mauritius.
Our Home Loan Calculator is your first step toward financial clarity. By entering the loan amount, interest rate, and repayment period, you can instantly see your estimated monthly installments and the total interest you'll pay over the life of the loan. This tool is a powerful way to plan your finances and find a loan structure that works for you.
Securing the perfect home loan in Mauritius requires comparing rates, terms, and benefits across multiple financial institutions. Here's your comprehensive guide to the top 10 banks and financial institutions offering competitive home loan packages, complete with actual interest rates and unique advantages for August 2025.
Interest Rate: 2.00% p.a. for first year, then 6.25% variable (up to Rs10M) / 6.00% variable (Rs10M-15M)
Loan Amount: Up to Rs15 million
Repayment Period: Up to 30 years
Key Advantage: Ultra-low promotional starter rate - Exceptional 2% introductory rate for the first year
Key Features: Special promotional rate of 5.90% from year two (April-June 2025 offer), flexible repayment terms, and competitive variable rates for non-SICOM customers.
Visite Website
Interest Rate: 5.05% p.a. (APR 5.129%)
Loan Amount: Up to 100% financing
Repayment Period: Up to 30 years
Key Advantage: Comprehensive benefits package - No early repayment penalties plus extensive merchant discounts
Key Features: Up to 100% financing, merchant discounts up to 15% with partners like SNL StockNlock and Kitchen Studio, interest-only payments for first 12 months, up to 25% discount on facility fees.
Interest Rate: 5.05% p.a. (Prime Lending Rate: 6.65%)
Loan Amount: Up to 100% financing available
Repayment Period: Up to 30 years
Key Advantage: Best refinancing solutions - Up to 100% refinancing from other institutions
Key Features: Comprehensive housing finance for all property needs, stress-free application process, dedicated support team, quick approval times.
Interest Rate: 6.00% p.a. (Eco Loan) / 6.55% p.a. (Diaspora Loan) / 7.60% p.a. (Senior Smart Loan)
Loan Amount: Rs1 million to Rs15 million+
Repayment Period: Up to 35 years
Key Advantage: Specialized housing finance institution - 53 years of housing loan expertise with multiple specialized products
Key Features: Multiple loan products for different needs, mandatory PEL savings account, architectural services available, construction loans with mixed financing options.
Interest Rate: Prime Lending Rate: 6.95% p.a.
Loan Amount: Up to 100% financing
Repayment Period: Up to 35 years
Key Advantage: Longest repayment terms - Up to 35 years with optional 2-year moratorium
Key Features: SBM Home Club card with merchant discounts, 5% government scheme benefit (up to Rs500,000), open to non-SBM customers.
Interest Rate: Variable rates linked to Base Lending Rate
Loan Amount: Up to 100% for first-time buyers
Repayment Period: Flexible terms
Key Advantage: First-time buyer specialist - 100% financing for first-time land/house/apartment buyers
Key Features: Fast approval process, construction moratorium up to 12 months, available to non-customers, transparent terms
Interest Rate: Competitive rates in MUR and EUR
Loan Amount: MUR: up to 90% financing, EUR: up to 70% financing
Repayment Period: MUR: up to 25 years, EUR: up to 15 years
Key Advantage: Multi-currency options - Unique dual-currency lending in MUR and EUR
Key Features: International banking expertise, currency flexibility for expats and international clients, competitive processing fees up to 1% of loan amount
Interest Rate: 2.00% over Prime Lending Rate
Loan Amount: Maximum Rs5 million
Repayment Period: Up to 120 months (10 years)
Key Advantage: Low processing costs - Minimal processing fees and flexible eligibility criteria
Key Features: Processing fee only 1% of loan amount (min Rs1,000, max Rs25,000), suitable for salaried and self-employed professionals
Rate: Based on Prime Lending Rate of 7.95% p.a.
Key Feature: Comprehensive home loan services with adjusted rates following Bank of Mauritius Key Rate changes.
Interest Rate: Attractive rates for housing and mortgage loans
Loan Amount: Flexible loan amounts
Repayment Period: Standard terms
Key Advantage: State Bank of India group credibility - Part of India's largest banking network
Key Features: Specialized realty and mortgage loan solutions, established banking credentials, comprehensive loan products for various housing needs
The Housing Loan Relief Scheme provides Rs1,000 monthly allowance for eligible borrowers until June 2025, applicable to secured housing loans not exceeding Rs5 million.
Compare Total Cost: Look beyond interest rates to include processing fees, insurance requirements, and additional charges.
Evaluate Specific Needs: Whether it's construction, purchase, refinancing, or eco-friendly housing - different institutions offer specialized solutions.
Consider Promotional Benefits: Many banks provide special rates, government scheme benefits, and merchant discounts that can significantly reduce overall costs.
Assess Repayment Flexibility: Look for moratorium options during construction phases and flexible repayment terms that align with your financial situation.
Check Eligibility Requirements: Some banks offer better terms for first-time buyers, while others specialize in refinancing or have specific income criteria.
Note: All interest rates are variable and subject to change based on Bank of Mauritius policy rates and individual institutional decisions. Always verify current rates, terms, and promotional offers directly with your chosen financial institution before making your final decision.
We've made it easy to start your journey. Use our calculators to take control of your future investment.
Disclaimer: Our calculators are for indicative purposes only. The final costs and loan terms may vary and are subject to bank approval and current market conditions. We recommend consulting a financial expert or a legal professional for personalized advice.
EN 
FR