# Under 35, or in a state company? HDFC's special routes

> 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.

Source: Maldives Real Estate News, published by Binga Properties. URL: https://news.binga.mv/hdfc-youth-soe-and-salary-schemes
Published: 2026-10-18T07:36:44.603Z · Updated: 2026-10-18T07:36:44.603Z · Event date: 2026-10-18

## Youth Home Purchase

- **10.50%**, up to **30 years**, up to **MVR 1 million**, 20% equity.
- HDFC says it is *"exclusive for youth purchasing residential properties."*
- On MVR 1 million: about **MVR 9,150 a month** over 30 years, or **MVR 9,440** over 25.

When the product launched, reports gave an age band of **21 to 35**. Today's page does not state one. **Ask HDFC** for the current age rule.

The **MVR 1 million cap** limits it to smaller or lower-priced homes: with 20% down, a home of about MVR 1.25 million. On most new flats in Greater Malé, it would cover only part of the price.

## SOE Hiyaa

- **10%**, up to 25 years, up to **MVR 1 million**, 20% equity.
- For **staff of state-owned enterprises** buying **SOE Hiyaa** flats to live in.
- On MVR 1 million over 25 years: about **MVR 9,090 a month.**

## Salary deduction

HDFC's **Salary Benefit Scheme**:
- **11%**, with payments **deducted from salary** for staff of employers HDFC has selected.
- Total deductions under **60% of salary**.
- HDFC publishes its approved employers: government bodies, state companies and private firms.

## Which to look at first

- **Buying a smaller home and under 35:** start with Youth.
- **Working for a state company:** ask about SOE Hiyaa and whether your project qualifies.
- **Working for an approved employer:** ask whether salary deduction changes your terms.

*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/conventional-facilities/lite-financing/salary-deduction-employers (HDFC approved employers, read 18 October 2026) (https://hdfc.com.mv/conventional-facilities/lite-financing/salary-deduction-employers (HDFC approved employers, read 18 October 2026))
- mfr.mv/financial-sector/finding-home-far-from-home (Maldives Financial Review, 12 May 2021) (https://mfr.mv/financial-sector/finding-home-far-from-home (Maldives Financial Review, 12 May 2021))

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