With an established and respected reputation, Absa Bank (Mauritius) Limited is one of the leading banking institutions in Mauritius. Armed with its experience in the market, Absa Mauritius has a wide range of financing solutions to assist you in fulfilling your projects. Whether you are seeking a home loan or a personal loan, here is an overview of the bank’s tailor-made solutions and offers.
The right solutions to match your needs
To acquire a new property or to build your dream home... These life projects require a substantial budget. Thus, it is of utmost importance to call upon a trusted partner when it comes to your financial resources.
Bhavna Bessoondyal, Head of Products and Segments at Absa Mauritius, states:
“We are committed to being close to our customers with offers that perfectly match their requirements... For this reason, we invest time discussing with our customers to understand their needs in order to help them structure the ideal loan solution. Our interest rate is also very competitive. As a customer-oriented bank, we are a strong institution with a significant presence in the region.”
On the basis of its expertise—with 100 years of experience through the former Barclays Bank—Absa offers flexible and secure loan solutions. The key advantages of these offers: a very competitive interest rate and a repayment term of up to 30 years for the Housing Loan—even financing up to 100% for first-time buyers, to an amount of Rs 8m* and an unsecured loan of up to Rs 5m for the Personal Loan.
A spirit of optimism, regardless of the crisis
In spite of the health crisis and the uncertainty that hovers over the local economy, Mauritians’ interest in the various offers of Absa Mauritius remains unabated.
“We are constantly monitoring and assessing the impact of Covid-19 on the real estate sector. However, since the lifting of the lockdown, we noticed that there is still a demand for our loan facilities! In the spirit of our Africanacity philosophy: ’Bringing possibilities to life’, we continue to address these demands. Absa Mauritius is dedicated to improving the experience of its customers and helping them to achieve their dream home or project,” concludes Bhavna Bessoondyal.
Absa Bank Mauritius offers
YOU INTEND TO:
- to purchase a plot of land for a future building project
- to buy a house or an apartment
- to renovate or extend an existing house
- to build a residential building
- to refinance a home loan
For those between 18 and 65 years of age (or upon retirement), Absa provides loan solutions starting from a minimum of Rs 500,000, extending up to 30 years (a maximum of 10 years if the guarantee is in cash), and providing up to 100% financing for first-time buyers up to an amount of Rs 8m*.
WHAT IS THE GUARANTEED?
- a first legal charge on the freehold or long lease property owned by the client or guarantor
- a claim on the credit balance,
- any other guarantee deemed acceptable by the banks
Also worth noting, when refinancing with other institutions, there is no registration fee on the original amount refinanced... Therefore, clients will not have to pay any additional fees since the bank handles the registration cost on their behalf. All they need is to focus on embracing a dedicated service and improving their monthly cash flow when they transition to Absa.
