Own Your Home with Confidence
Buying your own home have never been more simple and affordable with our Home Purchase Financing, whether you’re a first-time buyer, a young homeowner, or an SOE employee.
Key Features
Our Home Purchase Financing solution is designed to support Maldivians purchasing residential properties by offering multiple financing options to suit different customer segments and income profiles.
Interest Rate: 10% - 11%
Benefit from highly competitive rates structured around your primary income types or pension equity.
*12.25% with rental income
Minimum Equity: 20%
Secure your new home or apartment with a standard 20% initial equity investment.
Grace Period: 12 to 24 Months
Settle into your new home comfortably with an initial grace period before your standard repayment schedule activates.
Repayment Period: Up to 25 Years
Extended repayment periods available, making the transition to homeownership smooth and affordable.
*Up to 30 Years for Youth
Mortgage Requirement: Primary
Secured by a primary mortgage on the housing unit or property being purchased.
Standard Home Purchase Product
- Interest Rate: 10.42% when pension savings are collateralized as equity
- Interest Rate: 11.00% when considering salaried and business income only
- Interest Rate: 12.25% when rental income is considered
- Tenure: Up to 25 years
Youth Home Purchase Product
- Equity Requirement: 20%
- Interest Rate: 10.50%
- Tenure: Up to 30 years
- Financing Limit: MVR 1,000,000
- Eligibility: Exclusive for youth purchasing residential properties
SOE Hiyaa Product
- Equity Requirement: 20%
- Interest Rate: 10.00%
- Tenure: Up to 25 years
- Financing Limit: MVR 1,000,000
- Eligibility: Exclusive for SOE staff purchasing SOE Hiyaa flats for residential purposes
Eligibility Criteria
- All applicants must be Maldivian nationals
- Single borrower option is available
- A primary mortgage on the property being purchased is required
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 close the deal on your new 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/bossiness/rental income ✅ 12-month bank statement ✅ MIRA Tax Clearance Report
✅ Allotment Letter of Sale and Purchase ✅ Proof of equity ✅ RSA Statement (if considering pension)
Looking for Approved End-User Projects
For Home Purchase, projects should be awarded to a real estate project 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.