Build Your Holiday Home
Turn your land into the perfect getaway you've always wanted with our Holiday Home Financing, you can go to enjoy or rent out to get additional income.
Key Features
Our Holiday Home Financing solution is tailored for Maldivian homeowners looking to build a holiday home they can go to enjoy or rent out to get additional income.
Interest Rate: 11% - 11.75%
Enjoy tiered interest rates based on your equity contribution, with options to include rental income in your assessment.
*12.25% with rental income.
Minimum Equity: 15%
Turn your getaway vision into reality with an accessible and low entry-level investment.
Grace Period: Up to 24 Months
Enjoy a helpful grace period during the build and development phase of your holiday property.
Repayment Period: Up to 20 Years
Flexible repayment timelines structured to align with your long-term personal and financial goals.
Mortgage Requirement: Owned or Long-Leased Land
Requires a mortgage on land fully owned by the main applicant or held under a long-term lease.
Eligibility Criteria
- All applicants must be Maldivian nationals
- A minimum of two applicants is required
- The land owner must be included as the main applicant
- Co-applicants must have a legal connection to the property through inheritance or marriage
- All property co-owners must apply as co-applicants
- If any co-owner is a minor, the application must be submitted by a court-appointed legal guardian
Application Process
Online Application
Submit your architectural plans, construction contract, and financial documents through our portal.
Valuation & Approval
Our team performs an "as-if-complete" valuation and reviews your builder's credentials for final approval.
Closing & Disbursement
After closing, funds are released to your builder at each completed milestone of the construction.
Document Checklist
Planning your perfect getaway property? See the full document checklist needed below.
✅ National ID Card copy ✅ Attested Marriage/Birth Certificate (if a spouse/child(ren) is participating)
✅ Income verification documents for salaried/business/rental income ✅ 12-month bank statement ✅ MIRA Tax Clearance Report
✅ Approved Drawing ✅ Full BOQ with all details ✅ Construction Permit ✅ Construction Agreement ✅ Land registry ✅ Proof of equity
FAQs
Find answers to common questions about our facilities and how to apply.
A holiday home is a residential property, typically featuring a sitting room, kitchen, and bedroom(s) used for vacation or leisure stays.
No. HDFC will not be financing guesthouses.
- Construction of a secondary home - Properties on land long leased. (Lease terms should be more than the repayment period)
Yes, you can rent it out.
The financed property must be mortgaged. In the case of a long lease arrangement, the landowner must provide a mortgage guarantee.
Yes, up to 24 months.