Housing loan to open next month at five percent interest

Maldivian government to issue housing loans for first time home builders on a five percent interest rate.

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Housing Minister Ali Haider (R) and BML's CEO Mohamed Shareef signing the MoU for BML to become a financing partner of the housing loan -- Photo: Housing Ministry

Ameera Osmanagic

2024-10-24 17:41:43

Housing Ministry said today that they plan to open up applications for the housing loan scheme 'Hiyaavehi' with a minimal interest fee.

This is in line with President Dr. Mohamed Muizzu's pledge to offer small interest housing loans for individuals planning to build their first home, or those who have started, but are unable to finish building their homes.

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