Build Your Home with Confidence
Turn your land into the home you’ve always planned with our Home Construction Financing, designed to support you at every stage — from foundation to completion.
Key Features
Our Home Construction Financing solution is tailored for Maldivian homeowners looking to build on their own land, offering long tenures and structured funding aligned with your construction progress.
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%
Start building your dream home with a low initial financial commitment of the project value.
Grace Period: Up to 24 Months
Benefit from a grace period during the construction phase to ease your financial burden before full repayments begin.
Repayment Period: Up to 25 Years
Take advantage of long-term repayment tenures designed to ensure affordable and manageable monthly installments.
Mortgage Requirement: Primary
Secured by a primary mortgage directly on the property that is being constructed.
Equity Value: 15% – 20%
- Interest Rate: 11.75%
- Interest Rate (with rental income): 12.25%
- Tenure: Up to 25 years
- Mortgage Requirement: Primary mortgage on the property being constructed
Equity Value: 20% – 30%
- Interest Rate: 11.50%
- Interest Rate (with rental income): 12.25%
- Tenure: Up to 25 years
- Mortgage Requirement: Primary mortgage on the property being constructed
Equity Value: Above 30%
- Interest Rate: 11.00%
- Interest Rate (with rental income): 12.25%
- Tenure: Up to 25 years
- Mortgage Requirement: Primary mortgage on the property being constructed
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
Ready to build your dream home? 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
Looking for Approved Contractors?
For Home Construction, projects should be awarded to a contractor that is approved by HDFC.
FAQs
Find answers to common questions about our facilities and how to apply.
We offer straightforward terms, competitive rates, and a process built on transparency. Our team understands what you need and works to get you there without the usual complications.
Most applications are reviewed within two weeks. We move fast because we know time matters when you're ready to build or buy. The exact timeline depends on how quickly you provide required documents.
We finance homes you're building, buying, or improving. We also cover commercial properties, plots with construction plans, and boarding houses. Each property type has its own eligibility requirements.
Yes. Our Amna facilities follow Shariah principles and are structured to align with Islamic banking standards. They're available for housing finance with the same straightforward process as our conventional options.
Our calculators are free and open to everyone. Use them to estimate EMI, check affordability, plan your budget, or compare loan options. They give you a clear picture before you apply.