BML Islamic General Financing
BML Islamic General Financing facility is a Shari’ah compliant financing facility to obtain financing for any Shari’ah compliant purpose (excluding medical and education).
- Maldivians aged above 18 years, and below 65 years at maturity (Individual and Joint)
- Businesses registered under Maldives
- Minimum financing amount is MVR 50,000 and maximum is based on the customers’ repayment capacity
- Repayment period is a maximum of 10 years with a grace period upto 12 months (where applicable)
- Minimum 30% to be paid as Customer’s own contribution
- Financing rate up to 12.75% ( for MVR finances)
- Available and accessible nationwide.
- Customers can get a grace period of up to 12 months where applicable
- There is no maximum financing limit for the facility, customer can get financing based on their repayment capacity.
How to Apply:
Please submit the completed application form along with the required documents to BML Islamic Male’ Branch or any other Branch outside Male’.