Working Capital Finance

Key features

• Finance your short-term business needs such as inventory, operational expenses, and accounts receivables.
• Loan value Up to 2.5 times monthly average of 2 years’ annual sales

Repayment Period

• Term loans: Up to 36 months
• Overdrafts, Bank Guarantee, Letter of Credit & Trust Receipt Demand Loan: Up to 12 months

• Interest Rate: 13% p.a.
• Security:
• Stock and Receivables
• Personal Guarantee of Shareholders/Directors
• 15% cash Margin Letters of Credit.

• Interest Rate: 12% p.a
• Security:
• Immovable Property
• Stock and Receivables
• Personal Guarantee of Shareholders/Directors
• 15% cash Margin Letters of Credit.

Eligibility criteria

• Must be a registered business in the Maldives
• Minimum of 2 years in business
• Must be profitable based on the latest audited financials
• Satisfactory credit history

Applicable fees:

• Application Fee: MVR 1,500 (non-refundable)
• Processing 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 Working Capital 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 Working Capital 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)