More Search Options
We found 0 results. View results
Advanced Search
More Search Options
we found 0 results
Your search results

Category Archives: Loan scheme

BML to provide home loans to pensioners

Bank of Maldives has signed an agreement with the Maldives Pension Administration Office (MPAO) to accept retirement savings as equity for home loans. This will pave the way to make home finance more accessible and more affordable for Maldivian individuals and families who, until now, have found it difficult to meet the initial equity down payment required. BML Home Loan applicants will now be …

HDFC – Application forms

Application Form for HDFC Normal Loan Scheme Main Applicant  Co-applicant(s) Application Form for HDFC Amna facilities Main Applicant Co-applicant(s)   Source:

Loan scheme Jul 07, 2016 0 Continue Reading

HDFC – General requirements

Should be a Maldivian above 18 years of age who has a land to mortgage and could full fill specific term and condition set by HDFC as below. Terms and conditions    i) Must have a minimum of one co-applicant who has a legal connection to the property, by inheritance/marriage (40% of the pooled income considered for EMI), or with an independent guarantor acceptable to …

Loan scheme Jul 06, 2016 0 Continue Reading

HDFC – Understanding Mortgage Loan Amortization

The amortization period refers to the length of time over which the installment payments towards principal are calculated. For example, an amortization period of 15 years means that, for purposes of calculating the loan payment, your payment towards principal will be spread out over 15years, with the total amount of principal (i.e. the loan balance) being paid off at the end of that 15 …

HDFC – Islamic Finance Facilities

Products  Tenure Equity Grace Period Home Costruction (Isthisnau) This facility is a Sharia compliant financing facility to construct a House or an Apartment for the purpose of residential/rental to be occupied by owners/ co-owners/tenants. Under this facility the project will proceed jointly with the client and HDFC. Client will provide land and HDFC will provide funding under Islamic financing model of profit-share where finance …

HDFC – Getting ready for HDFC finance facility

To get ready for a housing finance facility you must gather sufficient and appropriate information from HDFC customer service, and must be prepared to barrow, accepting the terms and conditions set by the lender. To make your application successful you may have the following; Have a right credit score or a good credit rating Misinformation can hurt your credit score and get your application …

HDFC – Housing Dev’t Mortgage Finance

Housing Development Mortgage Finance Products Islamic Profit Share -Conventional Rates 11-12.50% p.a.–SURF/FLIP Tenure-25 Years. HDFC offers both Conventional and Islamic housing finance facilities with affordability, flexibility, LONGEST REPAYMENT PERIOD and highest quality of service in the Maldives. We offer unique FLEXIBLE OPTIONs such as SURF and FLIP to structure repayment with tenures of up to 25 years. Products Interest p.a Tenure Equity Limit Home …

HDFC – Home Loan Products

Tenure has increased up to 25 years with Flexible Monthly Installment Plan Loan Facilities Available For construction of your own homes. To purchase a completed housing unit (condominium, flats, row house). Renovation of your home. Housing needs and affordability is given utmost importance with rates varying based on the housing requirements (lowest at 11%). For the evaluation of the affordability or the repayment capacity; …

Ministry of Housing – Gedhoruverikurun Program

Ministry of Housing and Infrastructure has started issuing forms for the “20% amilla hissa loan” under the Gedhoruverikurun program. This scheme is aimed for the construction of houses in Male’, Villimale’ and Hulhumale’. Forms will be issued from the Ministry’s counter from 01st June – 30th June 2016, Submission is scheduled on 01st June – 14th July 2016 at 10:00 – 13:00 weekdays and at …

Compare Listings