Retailers' Loan

You can get up to 3 times the monthly POS sales average as a Retailer’s Loan for business requirements, whether it’s to meet every day needs or to fund your business expansion.

Key Features

Financing is available as either a loan or an overdraft
Loan value is up to three times of the monthly average POS sales
No security or deposits required

Repayment period

For loans: 48 months
For overdrafts: 12 months

• Customers can use the loan funds to pay for imports via BML’s Swift Transfer or Letter of Credit without having to provide USD for the transaction, subject to availability

For loan amounts below MVR500,000

No security
Interest Rate: 13%

For loan amounts above MVR500,000

Additional security is required in addition to the stock
Interest Rate: 12%

Eligibility Criteria

Must be a registered business in the Maldives
With minimum 12 months account operation with BML
With minimum monthly average POS sales of MVR 30,000
Satisfactory financial position
Minimum 12 months POS sales

Applicable Fees:

Processing Fee: MVR 1,500 (Non-refundable)
Arrangement Fee: 1.5% of loan amount

How to 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 Retailer's 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 Retailer's 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)

Book appointment

Loan calculator

Retailers' Loan (unsecured)

Loan Amount

MVR

Repayment Period

Months

Monthly Repayment

Please note that this is an estimate, and may differ from the actual repayment amount.

loan calculator

Retailers' Loan (secured)

Loan Amount

MVR

Repayment Period

Months

Monthly Repayment

Please note that this is an estimate, and may differ from the actual repayment amount.

Useful downloads

Cash flow statement

English