Rules & rates
How much of my pension can I put towards a flat?
It depends on your age and your balance: all of it up to 35, 80% from 36 to 49, half from 50 to 60. Worked examples at each age, and how that compares with the 10% or 20% deposit lenders ask for on a MVR 3 million flat.
The rule
| Your age | You can pledge |
|---|---|
| 16 to 35 | 100% of your RSA balance |
| 36 to 49 | 80% |
| 50 to 60 | 50% |
Your pledgeable figure, the "Collateralizable Amount", is on your RSA statement and in the Pension app.
What a MVR 3 million flat needs
| Lender | Minimum equity | Amount |
|---|---|---|
| Maldives Islamic Bank | 10% | MVR 300,000 |
| HDFC | 20% | MVR 600,000 |
The Pension Office says lenders usually request about 20% of the loan.
Worked examples
| You | RSA balance | Pledgeable | Covers MIB's 10%? | Covers HDFC's 20%? |
|---|---|---|---|---|
| 29 | MVR 180,000 | 180,000 | No (MVR 120,000 short) | No |
| 33 | MVR 320,000 | 320,000 | Yes | No (MVR 280,000 short) |
| 42 | MVR 450,000 | 360,000 | Yes | No (MVR 240,000 short) |
| 47 | MVR 800,000 | 640,000 | Yes | Yes |
| 55 | MVR 900,000 | 450,000 | Yes | No |
Illustrative balances.
If your pension falls short
Ask your lender whether you can combine pledged pension with cash. MIB says equity can be cash and/or pension, and also counts payments already made to the developer.
How fast a balance builds
At a basic salary of MVR 20,000, contributions are MVR 2,800 a month (7% from you, 7% from your employer). That is about MVR 33,600 a year: roughly nine years to reach MVR 300,000, before investment returns. Returns shorten that.
Pension Office: hotline 1441, Viber 733 1441, info@pension.gov.mv, pension.gov.mv. Your pledgeable amount is on your RSA statement, in the Pension mobile app and on the website.
From the Maldives Pension Administration Office's own housing pages, FAQ and leaflet, read on 18 October 2026. Your lender's terms decide the rest; confirm them before you commit. General information, not financial advice.
Ask the concierge about buying with your pension
Sources and method
- pension.gov.mv/en/housing (Pension Office, MRPS Housing Benefit, read 18 October 2026)
- pension.gov.mv/en/faq/housing (Pension Office, housing FAQ, read 18 October 2026)
- storage.googleapis.com/staging.mpao-1327.appspot.com/strapi/Housing_Leaflet_f46c9c774e/Housing_Leaflet_f46c9c774e.pdf (Pension Office housing leaflet, HL/V1/SEP22, Dhivehi)
- pension.gov.mv/en/faq/mrps (Pension Office, MRPS FAQ, read 18 October 2026)
- www.mib.com.mv/personal-financing/ujaalaa-hiyaa (MIB, read 18 October 2026)
- hdfc.com.mv/conventional-facilities/home-purchase (HDFC, read 18 October 2026)
Prices are asking prices as listed through Binga unless marked achieved, and are dated. Developer descriptions are reported as the developer's own. Facts the desk could not verify are left out. Spotted an error? Write to hello@binga.mv; corrections are noted at the foot of the piece.
- For buyers
- Organisation HDFC Maldives
- Organisation Maldives Islamic Bank
- Organisation Maldives Pension Administration Office (Pension Office)
- Topic faq
- Topic home finance
- Topic monthly payments
- Topic pension
Binga Properties is a real-estate concierge; it may represent homes and developments mentioned here.
