HDFC Maldives is excited to announce the launch of two major updates to its home financing products, designed to provide more financial flexibility and support for homeowners across the Maldives. The new offerings include the Home Facility Top-up and an improved Home Improvement product, both of which aim to make homeownership and home renovations more accessible and affordable.

Home Facility Top-up

The Home Facility Top-up is a refinancing product designed specifically for existing customers with an active home construction facility. This new offering allows customers to enhance their existing facility with a top-up and enjoy a reduction in their interest rates, providing additional financial support.

Key Features:

• Eligibility: Available to existing customers with a satisfactory repayment history and a minimum of five years of repayments.
• Financing Amount: Minimum top-up of MVR 500,000.
• Tenor: Up to 25 years.
• Interest Rate: Reduced rate compared to the current rate, subject to eligibility.

Home Improvement Product

The Home Improvement product has been restructured to provide even greater flexibility for homeowners seeking to finance renovations, appliance purchases, and more. The financing limit has been extended from MVR 1.5 million to MVR 2.5 million, with a maximum repayment tenor of 15 years.

Key Features:

• Eligibility: Available to all homeowners.
• Financing Amount: Minimum MVR 500,000 and maximum MVR 2.5 million.
• Tenor: Up to 15 years, depending on the scope of the work.
• Interest Rate: Fixed at 11%.

No: HDFC/LEGAL/2024/558

Property Details

BID Details

For more information, kindly refer to the attachment and contact Recovery Department of HDFC at 3000112, 3334666 or email to recovery@hdfc.com.mv for more queries.

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

Job Description

• Perform planned and regular inspections on the buildings financed by HDFC and ensure the structure’s conformity with specifications in the approved drawings
• Inspect and report construction works in relation to HDFC Loans/facilities right from the beginning, through the stages, and to completion of the building process.
• Check and review drawdown, work schedule and contractor agreements and ensure works are carried out by the company policies.
• Prepare relevant technical documentation and progress reports and present monthly technical reports to the management
• Visiting construction sites and preparing technical inspection reports to justify the completed works and to satisfy investment of loan proceeds in the construction of homes.
• Assist in the Customer Credit Evaluation Process by reviewing “bill of quantities” (BOQs) received with the loan application, and reporting the findings to the Credit Committee
• Conduct a market survey to understand prevailing land rates

    Job Requirements

• Degree in Project Management, Construction, QS, or a similar field
• Minimum 2 years’ experience in a related field
• Able to prepare evaluation reports
• Familiar with existing Building terms and regulations in Maldives
• Good analytical and decision-making skills.
• Ability to communicate effectively in both English and Dhivehi, with strong verbal and written skills
• Ability to work under pressure.
• Competent with General Office Software.

Salary: Negotiable commensurate with qualification and experience 

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs from Sunday – Thursday.

Documents Required:

• Interested candidates are requested to submit application https://hdfc.com.mv/wp-content/uploads/2023/06/HDFC-Employment-Application-Form.pdf
• CV
• Copy of ID card
• Accredited and attested educational certificates
• Reference letters from current and previous employers
• Police report
• Any other supporting documents

Deadline for Application submission: On or before 08^th December 2024, 2:30 PM

Note: Only shortlisted candidates will be contacted for interview.

Human Resource Department

Housing Development Finance Corporation Plc., 3^rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: hr@hdfc.com.mv

01 December 2024

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares. HDFC Amna is the Islamic Window of the Housing Development Finance Corporation (HDFC) Plc. In our continuous effort to improve housing finance solutions to the Maldivian citizens, we have launched a number of Shariah products under HDFC Amna, which was inaugurated on May 26, 2012. In order to carry out the duties and responsibilities of the Islamic division of HDFC, we seek a vibrant and dedicated candidate who can provide support to AMNA Team of the company in the capacity of Islamic Finance Officer.

Job Description

• Provide sufficient and appropriate information to customers and accept application forms.
• Determine credit worthiness of clients and evaluate financing facilities.
• Present applications to the credit committee for decision after thorough credit analysis of the applications.
• Prepare Offer/Reject Letters, Facility, mortgage, and contractor agreements.
• Provide necessary and appropriate information to customer inquiries accurately and promptly.

Job Requirements

• Qualification in Islamic Finance (Diploma / Degree level)
• Work experience in the banking and finance sector will be an added advantage.
• Good analytical and decision-making skills
• Should be an effectual communicator verbally and through writing skills
• Ability to work under pressure
• Competent with General Office Software

Salary:  Salary ranging from MVR 11,000 to 13,000, commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs from Sunday – Thursday.

Documents Required:

• Interested candidates are requested to submit application https://www.hdfc.com.mv/wp-content/uploads/2023/06/HDFC-Employment-Application-Form.pdf
• CV
• Copy of ID card
• Accredited and attested educational certificates
• Reference letters from current and previous employers
• Police report
• Any other supporting documents

Deadline for Application submission: On or before November 26, 2024, 2:30 PM

Note: Only shortlisted candidates will be contacted for an interview. 

Human Resource Department

Housing Development Finance Corporation Plc., 3^rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: hr@hdfc.com.mv

19 November 2024

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

Job Description

• Designing, coding and building custom solutions
• Testing and debugging issues that arise in the development process.
• Provide online technical support for customers and staff.
• Create and maintain technical documentation, including design and technical specifications.
• Collaborate with team members to understand business requirements and design solutions to meet those needs.
• Troubleshoot Application, Web services and Mobile Applications.
• Maintain and upgrade existing Microsoft applications.

Job Requirements

• Should have a minimum education of bachelor’s degree or Diploma in a related field.
• Minimum of 1 year of programming experience in Next JS framework, ReactJS (typescript), MongoDB and familiar with SQL Server, API, Web services and Mobile Application.
• Strong problem-solving and communication skills.
• Solid understanding of software development principles.

Salary: Salary ranging from MVR 19,000 to 25,000, commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs from Sunday – Thursday.

Documents Required:

• Interested candidates are requested to submit application (Email to hr@hdfc.com.mv) https://hdfc.com.mv/wp-content/uploads/2023/06/HDFC-Employment-Application-Form.pdf
• CV
• Copy of ID card
• Accredited and attested educational certificates
• Reference letters from current and previous employers
• Police report
• Any other supporting documents

Deadline for Application submission: On or before 28^th November 2024, 2:30 PM

Note: Only shortlisted candidates will be contacted for interview.

Human Resource Department

Housing Development Finance Corporation Plc., 3^rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: hr@hdfc.com.mv

20 November 20244

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

The Corporation is seeking a diligent and strategic Senior Technical Officer to join our team. The successful candidate will be responsible for assisting in achieving technical objectives

Job Description

• Perform planned and regular inspections on the buildings financed by HDFC and ensure the structure’s conformity with specifications in the approved drawings
• Inspect and report construction works in relation to HDFC Loans/facilities right from the beginning, through the stages, and to completion of the building process.
• Check and review drawdown, work schedule and contractor agreements and ensure works are carried out by the company policies.
• Prepare relevant technical documentation and progress reports and present monthly technical reports to the management
• Visiting construction sites and preparing technical inspection reports to justify the completed works and to satisfy investment of loan proceeds in the construction of homes.
• Assist in the Customer Credit Evaluation Process by reviewing “bill of quantities” (BOQs) received with the loan application, and reporting the findings to the Credit Committee
• Conduct a market survey to understand prevailing land rates

    Job Requirements

• Degree in Project Management, Construction, QS, or a similar field
• Minimum 2 years’ experience in a related field
• Able to prepare evaluation reports
• Familiar with existing Building terms and regulations in Maldives
• Good analytical and decision-making skills.
• Ability to communicate effectively in both English and Dhivehi, with strong verbal and written skills
• Ability to work under pressure.
• Competent with General Office Software.

Salary: Negotiable commensurate with qualification and experience 

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs from Sunday – Thursday.

Documents Required:

• Interested candidates are requested to submit application Application Form
• CV
• Copy of ID card
• Accredited and attested educational certificates
• Reference letters from current and previous employers
• Police report
• Any other supporting documents

Deadline for Application submission: On or before 19^th November 2024, 2:30 PM

Note: Only shortlisted candidates will be contacted for interview.

Human Resource Department

Housing Development Finance Corporation Plc., 3^rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: hr@hdfc.com.mv

12 November 2024

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

The Corporation is seeking a diligent and strategic administrative officer to join our team. The successful candidate will be responsible for assisting in achieving recovery objectives, reducing non-performing assets, and ensuring compliance with regulatory requirements.

Job Title: Administrative Officer

Department: Recovery Department

Job Type: Contract (Full-Time)

Term of Contract: 12 months (Based on performance employee will be given a permanent contract)

Vacancies: 01

Job Description

• Execute and manage collection strategies to recover overdue loan payments from borrowers.
• Oversee and assess loan repayment performance, ensuring timely repayments and preventing accounts from falling into non-performing loans (NPLs).
• Maintain comprehensive records of all interactions with defaulters.
• Enhance recovery rates from written-off and delinquent accounts through innovative and effective tactics tailored to varying situations.
• Work closely with the legal team to issue notices and provide essential information for litigation cases.
• Provide required information for CRIB and other relevant reports as needed.
• Recommend and implement enhancements to current workflows and processes to boost operational efficiency and collaborate with other departments to achieve this.
• Ensure adherence to corporate policies, procedures, and regulatory requirements, maintaining high standards of integrity and ethics in all recovery activities.
• Assist in developing and executing recovery strategies that align with company policies.
• Assist in achieving recovery objectives of the department.

Job Requirements

• GCE A ‘Level / Diploma in Accounts, Business Administration, Finance or Management.
• Work experience in the areas of Finance, accounting, or credit analysis would be an added advantage.
• Good analytical and decision-making skills.
• Ability to communicate effectively in both English and Dhivehi, with strong verbal and written skills
• Ability to work under pressure.
• Competent with General Office Software.

Salary: Salary ranging from MVR 11,000 to 13,000, commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs from Sunday – Thursday.

Documents Required:

Interested candidates are requested to submit application

• Application Form
• CV
• Copy of ID card
• Accredited and attested educational certificates
• Reference letters from current and previous employers
• Police report
• Any other supporting documents

Deadline for Application submission: On or before 14th November 2024, 2:30 PM

Note: Only shortlisted candidates will be contacted for interview.

Human Resource Department

Housing Development Finance Corporation Plc., 3rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: hr@hdfc.com.m

Announcement no: HDFC/IU/2024/28

Please see the announcement for more details