Business Development Loan

Key features

• You can take any amount for your business
• Low equity contribution required with 70% of project financed by us
• Flexible repayment period
• Flexible collateral requirements
• Customization features  based on business requirements
• Affordable interest rate at 12% per anum
• Insurance is required

Applicable fees:

• Application Fee: MVR 1,500 (Non-refundable)

How do I apply?

If you are in Male’ you can make an appointment through our Appointment Portal and arrange a time to visit our Business Centre located in Male. If you are in the below listed area, take a token through QueueBee to visit the relevant branch to submit the Business Development Loan application form along with required documents.

• Hulhumale’ - Visit Hulhumale’ Branch
• Hithadhoo - Visit Hithadhoo Branch
• Gan - Visit Gan Branch
• Mahibadhoo - Visit Mahibadhoo Branch
• Kulhudhuffushi - Visit Kulhudhuffushi Branch
• Eydhafushi - Visit Eydhafushi Branch

Once an appointment is successfully made, you will receive an SMS with your appointment time to visit the Bank. Appointment slots are available for next 10 working days. If appointments are full, please try again for the next working day. 

If you are residing in any other island, visit the nearest branch and submit Business Development Loan application form along with required documents.

Our Business Centre and branches are open from 8:30am to 2:00pm, Sundays to Thursdays (except public holidays)