Conventional Facilities

HDFC offers both Conventional and Islamic housing finance facilities with affordability, fexibility, Longest Repayment Period and highest quality of service in the Maldives.


Standard Loan

  • Below MVR 1,000,000.00
  • 11.25% PA
  • Maximum tenure 25 years

Million Plus

  • More than MVR 1,000,000.00
  • 11.50% PA
  • Maximum tenure 25 years

Rent Option

  • Home loan where the total area or more than 1/3 of developed area an be given for rental
  • 12.50% PA
  • Maximum tenure 25 years

Home Improvement

  • For essential repairs and improvement to the property
  • Limit between MVR 50,000 – MVR 1,000,000.00
  • 11.25% PA
  • Maximum tenure 10 years

Youth Loan

  • Exclusive for youth for residential purpose
  • Limit of MVR 1,000,000.00
  • 10.50% PA
  • Maximum tenure 30 years


  • Home purchase for loan for Staffs of State Owned Enterprises’
  • Limit of MVR 3,000,000.00
  • 10% PA
  • Maximum tenure 25 years

Lease Buyout

  • To buy out lease under a long-term agreement
  • Limit of MVR 5,000,000.00
  • 12.50% PA
  • Maximum tenure 10 years


Pension Benefit Scheme

  • For purchase of apartments / flats
  • Collateralize available balance at Retirement Savings Account as owner’s contribution at 10.42% PA

Salary Benefit Scheme

  • Monthly installment of income for the staff of organizations selected by HDFC.
  • Maximum deduction would be less than 60% of the salary.


  • Applications can be submitted with a single applicant (single borrower scheme). However, applications will be accepted in the income eligibility requirement is met. This is for home purchase only.
  • Applications can also be submitted with co-applicant(s) who has a legal connection to the property by inheritance or marriage. In this case, income of main applicant and co-applicant(s) can be pooled together for the income eligibility requirement.
  • All co-owners to the property offered as security must be co-applicant or a legal consent is required.
  • Maximum age of an applicant for the income to be considered for repayment capacity is 65.
  • Owner/co-owner must be a major if not apply through a court assigned legal guardian.
  • Property offered for Mortgage:
  1.     Primary mortgage, on the property developed / purchased / renovated.
  2.     100% of the value of building must be insured by a reputed agency acceptable to HDFC.
  3.     Mortgage property value should have minimum 125% of the approved loan amount.