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BML Islamic Personal Financing

Shop for electronics, furniture or home appliances from any of the authorized dealers and pay in monthly installments with BML Islamic Personal Financing, our Shari’ah compliant financing product.

Key Features

  • Financing amount from MVR 15,000 to MVR 100,000
  • Option to enjoy a lower rate, if security is added
Financing AmountMinimum Salary EarnedMonthly Repayment (With Security)Rate %Monthly Repayment (Without Security)Rate %Maximum Repayment Period (months)
15,0004,000Not Applicable-400.0011.75%48
20,0004,000530.0011.75%600.0018%48
30,0006,000790.0011.75%900.0018%48
40,0008,0001,060.0011.75%1,200.0018%48
50,00010,0001,120.0011.75%1,200.0015%60
60,00012,0001,340.0011.75%1,500.0015%60
70,00014,0001,560.0011.75%1,700.0015%60
80,00016,0001,800.0011.75%1,900.0015%60
90,00018,0002,010.0011.75%2,150.0015%60
100,00020,0002,230.0011.75%2,400.0015%60

How to Apply

Please submit a BML Islamic Personal Financing Form with all supporting documents as stated on the form, to BML Islamic Male’ Branch or to any other Branches located outside Male’.

Eligibility

  • Applicable for Maldivians aged between 18 and 60 years.
  • Applicant must be employed and should have received a monthly salary for the past 12 months.
  • Applicant should be in the current job for a minimum of 6 months, and earning a minimum salary of MVR 4,000.
  • Performance on existing facilities should be satisfactory during the past 6 months.