BML Retailers' Loan is targeted for Small and Medium Enterprises (SMEs) to enable further expansion of their businesses. The loan is specifically designed and tailored to meet the everyday challenge of access to funds for the growth of the business, or even for restocking imports.
Eligible retailers have the opportunity of obtaining a loan valued up to five times the monthly average of sales generated through BML Point of Sale (POS) terminal(s).
|For loan amounts up to MVR 500,000||For loan amounts above MVR 500,000|
|Security||No security||Additional security is required in addition to the stock purchased|
|Interest||12% per annum||11.75% per annum|
Processing Fee: MVR 2,500
Arrangement Fee: 1.5% of loan amount .