The Bank of Maldives (BML) has introduced enhancements to its housing financing products, expanding Home Purchase Financing to cover land, garages, and parking spaces, while reducing the equity requirement to 10 per cent for projects up to MVR 3 million. Changes to Home Construction Financing include extending the repayment period from 15 to 20 years and increasing the maximum financing amount from MVR 15 million to MVR 45 million, with income from projects now considered in eligibility assessments. The Home Build Financing scheme has also been revised, raising the maximum financing amount to MVR 2 million, relaxing eligibility criteria for new borrowers, and lowering income requirements to make homeownership more accessible.