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
Loan processed within 10 working days
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 2,500
Arrangement Fee: 1.5% of loan amount

How to Apply?

If you are in Male', you can make an appointment to apply for Retailers Loan through our Booking Portal and arrange a time to visit our Business Centre located in Male' or Hulhumale'. Once an appointment is successfully made, you will receive an SMS with your appointment time to visit the Bank.

If the appointment slots for the day are full, please try again for the next working day. Appointments can be made from 12am on the day before each working day.

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)