Housing Development Finance Corporation

Overview

Established in 2004, Housing Development Finance Corporation (HDFC) is a government-owned entity dedicated to providing housing finance solutions in the Maldives. The corporation offers both conventional and Islamic finance facilities, catering to the diverse needs of its clientele. HDFC's services include home loans, government schemes, and other financial products designed to make homeownership accessible and affordable for Maldivian residents. In 2008, HDFC underwent a significant transformation by privatizing its ownership. A 51% stake was acquired by leading international partners: the Asian Development Bank (ADB), the International Finance Corporation (IFC), and HDFC Bank Ltd (India). The remaining 49% of shares are held by the Government of Maldives. This restructuring empowered HDFC to expand its reach and strengthen its commitment to its core mission of providing accessible housing finance to individuals and families. HDFC is well-positioned for continued success with its team of dedicated professionals. The corporation's deep expertise in mortgage financing, strong balance sheet, and proven risk management framework allow it to adapt to changing market conditions and deliver superior performance. HDFC remains committed to serving the housing needs of the Maldivian people for years to come.

Investment Focus

• Applicants must be Maldivian citizens or residents
• Property must be located within the Maldives
• Loan repayment terms are subject to HDFC's policies and guidelines