Rules & rates
Building rather than buying: Bank of Maldives' construction financing and the 5% Hiyaavehi scheme
If you own land, building can cost less than buying from a developer. Bank of Maldives finances construction from 9.5% with 5% equity on projects up to MVR 3 million, and runs the government's Hiyaavehi scheme at 5%. How the two compare with buying a finished flat.