Maldives Retirement Pension Scheme (MRPS) allows its members to collateralize funds in their Retirement Savings Account (RSA) to secure housing loans. The purpose is to make housing finance more accessible to MRPS members.

As opposed to releasing a portion of members pension savings for housing, this facility makes housing finance accessible by facilitating members to obtain housing finance from approved financial institutions, through a collateralization process that removes the burden of paying downpayment to secure a loan .

As this is a facility provided using members pension savings, it is designed in such a way that depletion of members pension savings is minimal and ensures continued growth of savings while catering for members housing needs.