# Three rates for the same flat: 10.42%, 11% or 12.25% at HDFC

> 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.

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

Housing Development Finance Corporation (HDFC) sets its home purchase rate by **the income or collateral behind the loan**, not by the flat.

## Monthly payment on MVR 2.4 million over 25 years

That is a **MVR 3 million flat with 20% down.**

| Route | Rate | Monthly | Total repaid |
|---|---|---|---|
| Pension pledged as equity | 10.42% | about MVR 22,500 | about MVR 6.76m |
| Salary or business income | 11.00% | about MVR 23,500 | about MVR 7.06m |
| Rental income counted | 12.25% | about MVR 25,700 | about MVR 7.72m |

*Our calculation using a standard monthly instalment; HDFC's own calculator may differ slightly.*

## What drives the difference

- **Pension:** the cheapest route, because the pledged pension gives HDFC extra security. HDFC's arrangement with the Pension Office is set out in its accounts.
- **Rental income:** the most expensive, because rent is less certain than salary. If you need rent from another property to qualify, expect 12.25%.

## Affordability

HDFC's calculator assumes your repayments are at most **40% of income**. On that basis the 11% payment above needs a household income of about **MVR 59,000 a month.** The 40% is the calculator's assumption, not a published rule; ask HDFC how it assesses you.

## Before you choose

Over 25 years, the gap between the cheapest and dearest route is close to **MVR 1 million.** If you have pension savings, ask whether pledging them gets you the 10.42% rate.

*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/calculators (HDFC calculators, read 18 October 2026) (https://hdfc.com.mv/calculators (HDFC calculators, read 18 October 2026))

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