# 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.

Source: Maldives Real Estate News, published by Binga Properties. URL: https://news.binga.mv/pension-how-much-can-i-use-for-a-home
Published: 2026-10-18T15:57:47.286Z · Updated: 2026-10-18T15:57:47.286Z · Event date: 2026-10-18

## 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.*

## Sources
- pension.gov.mv/en/housing (Pension Office, MRPS Housing Benefit, read 18 October 2026) (https://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) (https://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) (https://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) (https://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) (https://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) (https://hdfc.com.mv/conventional-facilities/home-purchase (HDFC, read 18 October 2026))

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