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Home Loan

Provides a flexible and transparent process to secure funding for your home financing requirements.

Purpose

  • New Construction

  • Extension

  • Renovation

  • Enhancement

  • Purchase of land/Housing Unit

Eligibility

  • Age: Aged between 18 and 60 years

  • Contractor: 05 years’ experience in the field and shall be a registered contractor at MFLC

  • Guarantor with stable income source shall be included in the facility (for individuals)

Key Features

  • Finance Limit: Above MVR200,000

  • Collateral: Project based property

  • Loan Tenure: Between 60 to 120 months (5 to 10 years)

  • Grace Period: 3 to 12 months

  • Equity: Minimum 20% of total project cost

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