Fitting out a new flat: MFLC's Green Loan and smaller loans

Handover is not the last cost of a new flat. Appliances, air-conditioning, water heating and lighting can run to hundreds of thousands of rufiyaa. Maldives Finance and Leasing Company (MFLC) has two smaller products that fit.

Green Loan and Lease

Introduced in 2022 for energy-efficient equipment:

• What it covers:
  • solar panels and solar water heaters;
  • energy-efficient lighting and appliances;
  • eco-friendly paint;
  • rainwater harvesting equipment;
  • electric vehicles.
• Up to MVR 2 million, over up to five years.
• No collateral up to MVR 250,000; above that, property or a vehicle.
• Equity: 20% of the equipment's cost.
• Age 18 to 60, with a guarantor for individuals.

For a new flat, that could mean efficient air-conditioners, a solar water heater and LED lighting, financed separately from the home itself.

Faseyha Loan and Lease

For salaried borrowers:

• Up to MVR 500,000 over up to five years.
• No collateral and no equity.
• Repaid by salary deduction, after 12 months' continuous employment.
• A guarantor above MVR 250,000.
• Purposes include consumer goods and construction materials.

Before you borrow

• Ask the rate. MFLC does not publish it, and small loans can cost more than home financing.
• Check the early settlement fee: 10% of the amount prepaid under MFLC's June 2026 schedule.
• Count the savings. Efficient air-conditioning and solar water heating lower electricity bills; set that against the cost of the loan.

As published by MFLC on 18 October 2026. MFLC does not publish its rates; ask for them in writing. General information, not financial advice.