As indicated below, there are specific limits which apply to lenders and borrowers whenever they transact through P2P Operators:

Borrower who is a natural personMaximum aggregate of MUR 1 million with a minimum of MUR 50,000
Borrower who is a legal personMaximum aggregate of MUR 3 million with a minimum of MUR 50,000
Lender who is a natural personMaximum aggregate of MUR 1.5 million
Lender who is a legal personMaximum aggregate of MUR 3 million

(MUR 40 = USD 1)

It is to be noted that these lending limits will not apply to sophisticated investors who lend through P2P Operators to borrowers who are not resident in Mauritius and when the lending occurs in any other currency. Furthermore, the reimbursement period for the lending through Peer to Peer Lending platforms must not exceed 84 months. For completeness, a Peer to Peer Lending platform is an online portal or electronic platform that facilitates the offering, execution or issuance of funds between prospective lenders and borrowers.

Vaishali Damonaiko, pupil to Sharmilla Bhima, also helped with the preparation of this article.

Share
Twitter LinkedIn Email Save as PDF
More News
17 Apr 2023 | News

Appleby Lawyers recognised in Legal 500 Europe, Middle East & Africa Rankings 2023

Appleby has retained its leading Tier 1 position in the latest edition of The Legal 500 Europe, Midd...

31 Mar 2023 | News

Appleby announces Partner and Counsel promotions

Appleby has promoted four lawyers to Partner and eight to Counsel across its Bermuda, British Virgin...

8 Mar 2023 | News

Appleby supports International Women's Day 2023

Appleby is proud to support International Women’s Day (IWD) and this year’s campaign theme of #E...

16 Feb 2023 | News

Top tier rankings for Appleby in Chambers Global 2023

Twenty-eight lawyers from across Appleby’s Bermuda, British Virgin Islands (BVI), Cayman Islands, ...

1 Feb 2023 | News

Appleby provides offshore perspective on fund finance laws and regulations in 2023

Fund finance specialists from Appleby have authored the jurisdictional chapters for Bermuda, the Bri...

5 Dec 2022 | Deals

Appleby acts for a fintech company’s subsidiary on its unprecedented motion before the Supreme Court of Mauritius

Appleby acts in unprecedented motion before the Supreme Court of Mauritius.

1 Nov 2022 | Deals

Appleby Mauritius advises on Consent Solicitation process for UPL Corporation Limited

Appleby, has acted as Mauritius legal counsel to UPL Corporation Limited (Company) in connection wit...

25 Oct 2022 | News

Appleby leads on six jurisdictional chapters for Legal 500’s latest Mergers & Acquisitions (M&A) guide

Appleby has authored the chapters for Bermuda, the British Virgin Islands, the Cayman Islands, Guern...

14 Sep 2022 | Deals

The Supreme Court rules in favour of British Pensioners on the applicable NAV date for a redemption of shares’ request made in 2013

Judgment has been handed down by Honourable Judge M J Lau Yuk Poon in Canada Life International Limi...