Do you dream of owning a home with breathtaking views, a spacious garden, and an elegant interior? The SBM Home Loan is your ideal solution to transform this dream into reality. With competitive interest rates of 4.95% for the first year, and repayment terms extending up to 35 years, you can enjoy the peace of mind that comes with affordable monthly instalments. Even better, for construction or house completion, you can benefit from 5% of the amount (up to MUR 500,000) disbursed under the Government’s “Home Loan Payment Scheme.”
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• Interest rate of 4.95% per annum (SBM PLR -1.60%) for the first year, and competitive interest rates from year 2 onwards
• Minimum Loan Amount: MUR 1,000,000
• Up to 100% financing of your housing project cost
• Flexible repayment terms up to 35 years
• Up to 2 years’ moratorium on capital repayment
• As part of the SBM Home Loan Campaign 2024, any new credit card sold together with a Home Loan under the said campaign, will benefit from waived first year annual membership fee provided that the cardholder has spent a minimum amount of MUR 25,000 during the year on Classic, Gold and Sky-Smiles Credit Cards or a minimum amount of MUR 300,000 during the year on Platinum and VISA Infinite Credit Cards.
APR as from 5.49% per annum.
Terms and conditions apply
- Original NIC
- Original proof of address (less than 3 months)
- Last 6 months’ bank statements (for non-SBM customers)
- For salaried individuals: Payslips for the last 3 months
- For self-employed individuals:
Latest tax returns and receipts / confirmation of income tax filing
Details of trading income and expenditure - Title deed (where applicable)
- Site plan & Land Surveyor's report
- Contrat de réservation (if any)
- Evidence of contribution (if any) e.g. copy of down payment receipt or balance on account
- Construction contract (where applicable)
- Breakdown of cost of construction/renovation (where applicable)
- Building permit and Building plan approved by authorities (where applicable)
Terms and conditions apply.