Rules & rates
HDFC's home purchase financing, in plain terms
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.
Housing Development Finance Corporation (HDFC) calls itself the only specialised housing finance institution in the Maldives. It has financed homes since 2004 and end-user purchases of flats since 2011.
The terms HDFC publishes
| Home Purchase | |
|---|---|
| Rate | 10.42% with pension pledged; 11% on salary or business income; 12.25% when rental income is counted |
| Term | Up to 25 years |
| Your equity | 20% |
| Grace period | 12 to 24 months |
| Limit | Up to MVR 10 million (2025 annual report) |
| Security | A first mortgage on the flat |
| Who | Maldivian nationals; a single borrower is allowed |
| Projects | Must be on HDFC's approved list |
| Currency | Rufiyaa only |
The page also mentions "a standard 15% initial equity" once. Every product option on the same page, its calculators and its annual report say 20%. Plan on 20% and ask.
Two special versions
- Youth Home Purchase: 10.50%, up to 30 years, up to MVR 1 million, 20% equity.
- SOE Hiyaa: 10%, up to 25 years, up to MVR 1 million, for staff of state-owned companies buying SOE Hiyaa flats.
What it does not offer
- Financing for foreigners. Every HDFC product requires Maldivian nationality.
- US dollar loans.
- Taking over a loan from another bank. HDFC's Top-Up refinance is for its own borrowers only.
How to apply
Online at portal.hdfc.com.mv, signing in with eFaas. HDFC says most applications are reviewed within two weeks once documents are complete. Office: H. Mialani, 4th floor, Sosun Magu, Malé; +960 333 4666; info@hdfc.com.mv.
As published by HDFC on 18 October 2026. Rates and terms change; confirm them with HDFC before you commit. General information, not financial advice.
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Sources and method
- hdfc.com.mv/conventional-facilities/home-purchase (HDFC Home Purchase, read 18 October 2026)
- hdfc.com.mv/api/resource-downloads/file/HDFC-Annual-Report-2025-Final-WebsiteCompressed.pdf (HDFC Annual Report 2025)
- hdfc.com.mv/calculators (HDFC calculators, read 18 October 2026)
- hdfc.com.mv/conventional-facilities (HDFC overview, read 18 October 2026)
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