Who can apply?

Any Maldivian over 18 who can meet our lending criteria can apply for our home loan.

How much equity do I need?

The equity you will need is 20% of the project cost.

For what purposes can I borrow money?

We lend:
- To construct or buy a residential property
- Buy land and construct a residential property

Will the HDFC require a property valuation?

Yes, if purchasing a residential property from a secondary market.

How much can I borrow?

The minimum amount we lend for a home loan is MVR 50,000, and the maximum loan amount depends on your borrowing capacity (subject to terms and conditions). Our loan calculators can give you tenure and the monthly installment.

What if I'm self-employed?

You must provide appropriate evidence to prove your income through a bank statement and other documents. Example: GST returns, etc...

What is pre-approval and how do I get it?

Pre-approval is a conditional approval based on your ability to repay a loan. This means that you can search for a home, knowing how much the HDFC is likely to be willing to lend you.

Pre-approvals are for special projects only. (validity is 6 months only)