Home Construction Financing

Key features

Financing is available from MVR 50,000 up to MVR 15,000,000.

Financing period up to 15 years, with a grace period up to 12 months

Minimum equity of 20% is required

• Apply jointly with others. At least one applicant should have a legal connection to the property.
• Non-refundable application fee of MVR 1,000

Lease rates vary with the equity invested:

• 20% equity: 10.5% p.a.
• 35% equity: 10.25% p.a.
• 50% equity: 10% p.a.

Am I eligible?

To apply for this facility, you should: 

• Be a Maldivian aged between 18 years to 60 years  (If above 60 years at the time of application submission, application can be submitted in joint capacity).
• Either own a land, or should be the child or parent of the land owner
• Earn sufficient income to cover the facility monthly repayment (rental income from proposed project will not be considered)
• Client should be a BML Customer with at least 12 months account operation (income must be routed to account)

How do I apply?

If you are in Male', you can make an appointment to apply for Home Construction Financing through our Booking Portal and our staff will contact you to arrange a date and time.

If you are outside of Male’ please submit the Application Form along with required documents to the nearest Branch.

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.