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H. Filigasdhoshuge, 4th Fl, Ameer Ahmed Magu

Hiyaa Faseyha Lease

Hiyaa Faseyha is the most convenient way to purchase construction materials for home improvement purpose. Eligible individuals can obtain construction materials by submitting quotation(s) (from any registered suppliers for the schemes) along with other required documents. Lease rentals are structured on an agreed monthly instalments which will be deducted from the monthly salary by the employer and sent to MFLC.

Main Features:

  • Eligible individuals must be in continuous employment for 02 years or more
  • Repayment period from 6 months to 18 months for Hiyaa Faseyha Leases
  • Funding amount from MVR 10,000 to 100,000

Documents Required:

  • Fully completed application form
  • Employment letter
  • Past 03 months’ salary slips
  • Confirmation letter from client(stating how client plans to use the goods & also stating the relationship between the client and the house client plans to renovate)
  • Verification document (recent utility bill or deed)
  • Id card copies (both client and immediate family member)
  • Quotations
  • Guarantor documents if required (id card copy, employment letter) if facility exceeds MVR 60,000

Download Application