HDFC commences a promotional activities on the occasion of its 20^th Anniversary, from Islamic Fund!

Housing Development Finance Corporation PLC, HDFC commences its promotional activities to mark its 20^th Anniversary, through its Islamic Wing from the Islamic Fund. This promotion is aimed at giving an all-time low rate offered by HDFC and reduces prominently on some of  its fees and other charges.

Changes during Promotion

Home Construction: Normal Rates: 11.25%  – 12.50%
                                Promotion Rates: 10.75%  – 11.25%

Home Purchase: Normal Rates: 11.25%  – 12.50%
                         Promotion Rates: 10.42%  – 10.50%

Home Renovation: Normal Rates: 11.25%
                             Promotion Rates: 10.75%

In addition, application fees for the above facilities have been waived. The processing fee, which is normally at 1% of the facility amount has been reduced to 0.75% during the promotion, which will continue from Jan 1^st to Feb 29^th, 2024.

Over the last 20 years, HDFC has managed to reach out to over 3000 Maldivians in their aspirations to create a home . The company has managed to reach MVR 1.6 billion of Portfolio value by the end of Quarter 3 of 2023. At present, HDFC offers 25 years tenure for housing finance products or construction and purchase, while for renovation, the tenure is 10 years.

Application form with documents can be submitted in-person to HDFC Office, 3rd Floor, H. Mialani, Sosun Magu, Male’.

Forms