Ministry Eases Application Rules for ‘Hiyaavahi’ Housing Loan Scheme

MV+ News Desk | April 22, 2025
Minister of Construction and Infrastructure Dr Abdulla Muththalib | Photo: The President’s Office

The Ministry of Construction has revised the application requirements for the government’s low-interest ‘Hiyaavahi’ housing loan scheme, removing the need for a Male’ City Council-approved building plan at the time of submission.

The decision, announced yesterday, marks a shift from the scheme’s initial rules introduced in November, which required applicants to submit council-approved drawings as part of their application. The revision is intended to simplify the process for landowners seeking financial support for home construction.

According to the Ministry, the change follows concerns that the time-consuming process of securing council approval was delaying applications. Construction Minister Dr Abdulla Muththalib explained that although banks had previously insisted on council-approved plans, the government decided to amend the requirements to prevent unnecessary delays.

Under the updated guidelines, applicants may now submit architectural drawings that are stamped by a licensed architect. However, drawings endorsed solely by engineers will not be accepted. The Ministry confirmed that applications will be evaluated based on these architect-stamped designs, and applicants may submit council-approved versions at a later stage if needed.

The ‘Hiyaavahi’ loan scheme was launched to support individuals who own land but lack the resources to build a home. With the latest changes, the scheme is expected to be more accessible, allowing more people to apply before the deadline at the end of the month.

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