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30th March 2020

Moratorium for all student loans

English Dhivehi
30th March 2020

Moratorium for all student loans

This moratorium allows a deferment of monthly repayments for 6 months from March 2020 to help students manage finances during this challenging time. At the same time, the loan tenor has also been extended by 6 months to allow students to make the same monthly repayment throughout the tenor. Bank of Maldives will implement the moratorium automatically and students will not be required to apply for this.

Bank of Maldives will not deduct repayments from accounts during the moratorium period for any outstanding loans with overdue installments. 

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