Real Estate Loan

Key Features

• Invest and construct residential/commercial buildings in any location in the Maldives 
• Interest rate: 12%
• Equity: 30%
• No deposit required
• Loan amount from MVR 50,000 to MVR 150,000,000
• Longer/flexible grace period up to 18 months
• Repayment period up to 15 years

Eligibility Criteria

• Individuals, businesses, companies and other institutions
• Maldivians aged between 18 – 60 years
• Borrower must have a consent agreement with the land owner where land is owned by a third party
• Borrower should be a BML Customer with at least 12 month account operation

How Do I Apply?

If you are in Male', you can make an appointment to apply for a Real Estate Loan by calling the Business Centre at 3300506, and arrange for a convenient time to visit our Business Centres located in Male' and Hulhumale'.

We will then assess your application, and will be in contact with you for the next steps. Processing time for Real Estate Loan does vary based on individual applications and we will keep you updated throughout the process.

Do come and talk to our representatives at our Business Centres who will be happy to help you with your Real Estate Loan application.

Our Business Centres are open from 8:30am to 3:00pm, Sundays to Thursdays (except public holidays).

If you are outside of Male city, you can submit a Real Estate Loan application form to your nearest branch, along with the required supporting documents as mentioned in the form.