My Loans - Housing Loan

SICOM Housing Loan assists an individual to acquire, construct, renovate, refurbish and to extend his/her residential property at an interest rate of 2% p.a for the first year and 4.5% p.a as from second year [valid up to 31 Dec 2021].


Benefit from a 5% refund up to a maximum of Rs500,000 for the acquisition of a residential land, apartment or a house or construction/extension of your house during the period 01 July 2021 to 30 June 2022 under the new Government Home Loan Payment/Ownership Schemes.



Interest Rate
Interest rate of 2% p.a for the first year and 4.5% p.a as from second year [valid up to 31 Dec 2021].

Loan Amount
Will depend on repayment capacity and security provided

First rank fixed charge/mortgage on a residential property and an adequate life assurance cover.

Processing fees
Will depend on loan amount


(Terms and conditions apply)

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This product is offered by
State Insurance Company Of Mauritius Ltd
BRN: C07007065
FSC License No.: IS10000020

Useful info

  • Eligibility

Both salaried and self employed individual

  • Required documents

  • Certified Copy of National Identity Card(s) (borrower(s) and/or guarantor(s))
  • Certified Copy of Marriage/Birth Certificate (borrower(s) and guarantor(s),if applicable
  • Certified copy of Trade License & Business Registration Card, if applicable
  • A recent Utility Bill (CEB or CWA or Mauritius Telecom)- not more than three months
  • Certified copy of bank statements of applicants for last six months
  • Certified copy of pay slips for last three months of applicant(s)
  • Original certificate of liabilities of applicants with full details
  • Documentary evidence of any additional income(s) as declared
  • Copy of title deed of the property to be given as security
  • Affidavit of property owner, if deceased
  • Copy of Layout Plan of building, if applicable
  • Copy of Site & Location Plan or copy of land surveyor’s report
  • Certified copy of building permit ( if applicable)      
  • Details of renovation works, if applicable
  • General Conditions

  • The loan repayment period will depend on age.
  • The repayment of the loan in capital and interest/interest and premium(s) payable in respect of life assurance policy(ies) will normally not exceed 40% of applicant(s)’ net income(s) and/or will be subject to the company's appraisal. 
  • The property to be given as security, if applicable, should have an adequate value and be duly registered in your name(s) or parent(s) and should not emanate from an affidavit of prescription unless thirty years have elapsed from the date of prescription and should be legally in order and/or be subject to approval by the company.
  • All relevant costs and expenses including valuation, administrative costs and registration fees as well as processing and documentation fees involved in the making of the loan will be borne by applicants.
  • All loans should be secured by a residential property except for fixed deposit loans and professional loans. In the latter case ,a commercial building or office space may be given as security.
  • All loans should also be secured by a life insurance cover with the Company except for fixed deposit loan.


(Terms & Conditions Apply)

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