+960 331 5605

[email protected]

H. Filigasdhoshuge, 4th Fl, Ameer Ahmed Magu

Hiyaa Faseyha Lease

Hiyaa Faseyha is the most convenient way to purchase construction materials for home improvement purposes. 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 installment which will be deducted from the monthly salary by the employer.

Main Features:

  • Individuals must complete over two (2) years in current employment (Institute must be registered with MFLC)
  • Repayment period from 6 months to 24 months for Hiyaa Faseyha Lease
  • Funding amount from MVR 10,000 to 100,000 (Upper limit is subject to change at the discretion of the Company)

Documents Required:

  • Fully completed application form
  • Original Employment letter
  • Past 06 months’ salary slip (with company stamp)
  • 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)
  • Quotation(s) from supplier(s) registered for the scheme

Guarantor Required Document (Guarantor required for facilities above MVR 60,000)

  •   Original Employment Letter
  •   Last 06 Months Salary Slip (With company stamp)
  •   ID Card Copy

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