# 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.

Source: Maldives Real Estate News, published by Binga Properties. URL: https://news.binga.mv/hdfc-home-purchase-financing-explained
Published: 2026-10-18T07:36:44.603Z · Updated: 2026-10-18T07:36:44.603Z · Event date: 2026-10-18

**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.*

## Sources
- hdfc.com.mv/conventional-facilities/home-purchase (HDFC Home Purchase, read 18 October 2026) (https://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) (https://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) (https://hdfc.com.mv/calculators (HDFC calculators, read 18 October 2026))
- hdfc.com.mv/conventional-facilities (HDFC overview, read 18 October 2026) (https://hdfc.com.mv/conventional-facilities (HDFC overview, read 18 October 2026))

Binga Properties is a real-estate concierge; it may represent homes and developments mentioned here.