Individual

Housing Loan


Owning a property is simple with our Housing Loan. Whether you are looking to buy a property (house, flat or land) or refurbish your current home, we have the right financing solution that will make your dreams come true and with complete peace of mind

Our special offer

Until 30th June 2013, get green gifts, a cashback or both with your Housing Loan.
  • Between Rs 500,000 and Rs 1.9 million: A gift voucher worth 2% of your loan value and redeemable against a solar water heater and/or rainwater harvesting system.
  • As from Rs 2 million: A cashback worth 2% of your loan value, or a gift voucher representing 3% of your loan value and redeemable against a solar water heater and/or rainwater harvesting system, or a combination of both.

Unlock your dreams

We understand that your project is very personal. That's why we will work with you to find a simple yet flexible solution that fits both your means and your ambitions.
  • Tailored solutions with flexible rates and terms
  • Financing of up to 100% of your project
  • Repayments up to 25 years
  • Insurance: opt for an insurance with us covering death, temporary and permanent disability)
  • A wide range of security is accepted such as: fixed assets, deposits, shares etc. 
  • Also open to non-MCB customers

Refinancing

If you already have a Housing loan with another institution, you have the option to transfer it to MCB.

Get started

Simply visit any MCB Branch with the following documents and together, we will find the fastest and most effective way for you to fulfill your dreams.

Your checklist

1. Acquisition

  • National ID Card or Passport
  • Birth Certificate
  • Marriage Certificate (if applicable)
  • Sale Agreement
  • Insurance (fire, cyclone and other perils) or Letter from syndic**

2. Construction, renovation or extension

  • National ID Card or Passport
  • Birth Certificate
  • Marriage Certificate (if applicable)
  • Property Deeds
  • Construction Permit
  • Construction Plan
  • Insurance (fire, cyclone and other perils) or Letter from syndic

3. Refinancing

  • National ID Card or Passport
  • Birth Certificate
  • Marriage Certificate (if applicable)
  • Property Deeds
  • Insurance (fire, cyclone and other perils) or Letter from syndic**
  • Loan Balance Certificate*
*Should mention the initial purpose of loan
**Not applicable if you only want to buy land

Additional documents required if you are not a MCB customer

  • Most recent salary slips or a letter from your employer
  • Statements of account for the last six months