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Home Loan
Provides a flexible and transparent process to secure funding for your home financing requirements.
Purpose
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New Construction
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Extension
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Renovation
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Enhancement
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Purchase of land/Housing Unit
Eligibility
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Age: Aged between 18 and 60 years
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Contractor: 05 years’ experience in the field and shall be a registered contractor at MFLC
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Guarantor with stable income source shall be included in the facility (for individuals)
Key Features
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Finance Limit: Above MVR200,000
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Collateral: Project based property
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Loan Tenure: Between 60 to 120 months (5 to 10 years)
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Grace Period: 3 to 12 months
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Equity: Minimum 20% of total project cost
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