Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.
Bank
Housing-loan provider; has approved Luxera Nadhee for financing.
Rules & rates
Yes, until you turn 60, but only half your balance, and the loan must be paid off before you turn 65. That shortens the term and raises the payment: on MVR 2.4 million at 11%, about MVR 33,100 a month over ten years against MVR 23,500 over 25.
Rules & rates
Only five institutions can take your pension savings as a home loan deposit: Bank of Maldives, Maldives Islamic Bank, HDFC, Mauritius Commercial Bank and Commercial Bank of Maldives. How the request moves between you, the lender and the Pension Office, step by step.
Rules & rates
It depends on your age and your balance: all of it up to 35, 80% from 36 to 49, half from 50 to 60. Worked examples at each age, and how that compares with the 10% or 20% deposit lenders ask for on a MVR 3 million flat.
Rules & rates
The Pension Office answers six questions about its housing scheme. Here they are with the answers, plus what each means for someone buying a flat from a developer, and two corrections where the FAQ's wording says the opposite of what the scheme does.
Rules & rates
The Maldives Pension Administration Office's Dhivehi leaflet on using pension savings to buy a home sets out the whole scheme on four pages: who qualifies, how much you can pledge at each age, which homes count, the five lenders, the three steps and what happens to your money. Here it is in English, section by section.
Rules & rates
Pledging pension keeps your cash free and may get you a lower rate; paying cash keeps your retirement savings out of the loan. Five questions to decide, and how to combine the two.
Rules & rates
The Pension Office charges no fee for the housing pledge that we could find, and the money keeps earning. Some lenders even price pension-backed loans lower: HDFC charges 10.42% against 11%, about MVR 1,000 a month less on MVR 2.4 million. The real costs are risk and lost flexibility.
Rules & rates
Since May 2026 the Pension Act lets members pledge pension savings for a loan to build a house. For a family with a plot, that could cover the equity a construction lender asks for. The construction loans available today, how pension could fit, and the questions to put to your lender while the regulations are written.
Rules & rates
The 2026 Pension Act amendment lets members pledge pension savings for a loan to renovate an existing house. What renovation loans cost today, from HDFC's 11% Home Improvement to MFLC's Green Loan, where a pension pledge might help, and what to wait for.
Rules & rates
HDFC's Islamic window, Amna, finances flats through a diminishing partnership at 10% to 11%, about the same as its conventional loan. The differences are in the details: takaful, a lock-in fee with a rebate, a property worth at least 125% of the financing, and late charges paid to charity.
Rules & rates
HDFC finances flats only in projects it has approved. Its list has 15, from Bayfancy and Kandoofaa Residence to The Rise, the Rainbow projects, Centreal and SJ Creek. The full list, and how a developer gets on it.
Rules & rates
Borrowing MVR 2.4 million from HDFC costs MVR 500 to apply, 1% to process (capped at MVR 50,000), a deposit of three months' payments held for the whole term, insurance and court registration. The full list from HDFC's January 2026 schedule.
Rules & rates
Housing Development Finance Corporation, the Maldives' only specialised housing lender, finances flats in approved projects at 10.42% to 12.25% over up to 25 years, with 20% of your own money. What it offers, who qualifies and how to apply.
Rules & rates
HDFC is 49% government-owned, with IFC and ADB holding 18% each and India's HDFC Bank 15%. Its 2025 annual report says work is under way on an orderly exit of the foreign shareholders. What HDFC is, how it funds its lending, and what a change of owners could mean.
Rules & rates
Settling an HDFC home loan early costs 2% of the balance; moving it to another lender costs 5%. On HDFC Amna's Islamic financing the lock-in fee is up to MVR 500,000, with a rebate. What each means, and what to ask.
Rules & rates
HDFC accepts Retirement Savings Account balances pledged as the 20% equity on a flat, and lowers the rate to 10.42% when you do. How the Pension Office and HDFC split the work, and what to check.
Rules & rates
HDFC reports the progress of every development it finances to the capital market regulator. The June 2026 report: Bayfancy 93%, Kandoofa Residence 86%, The Rise 74%, Centreal 61%, Rain Pearl 45%, Rain Palm 37%, Kandoofa Ecoplex 13%. Several completion dates have moved by more than a year.
Rules & rates
HDFC prices home purchase financing by how you pay: pledge your pension and the rate is 10.42%, rely on salary or business income and it is 11%, count rental income and it is 12.25%. On MVR 2.4 million over 25 years, the gap is about MVR 3,200 a month.
Rules & rates
HDFC's Youth Home Purchase lends up to MVR 1 million at 10.50% over 30 years. SOE Hiyaa offers state-company staff 10% for SOE Hiyaa flats. A salary deduction scheme charges 11% for staff of approved employers. Who each suits, with monthly payments.
Represent HDFC Maldives? Send the desk your news or corrections to hello@binga.mv.
