Shari’ah compliant financing up to MVR 150,000 for furnishing and finishing your dream home
Financing available from MVR 25,000 to MVR 150,000 to recipients of social housing.
Financing Profit rate is 12% p.a.
Financing period is up to 5 years and no further guarantee or security is required
Applicable for Maldivians aged between 18 and 60 years
Must own a flat, apartment, or row house through a social housing project
Personal net monthly income from all sources must be sufficient to cover the repayment amount.
Income earned must be routed via any bank account for past 12 months and minimum 1 month salary must be deposited to your BML account
Income from all sources such as salary, business income, rental income will be considered
Repayments of other credit facilities should be satisfactory for the past 12 months
How to apply?
Submit BML Islamic Home Improvement Financing Application form via registered email to [email protected] or Internet Banking. When applying online, please ensure documents are color copies of the original in PDF format.
Customers can also submit BML Islamic Home Improvement Financing form by visiting BML Islamic Male’ branch or any other Branch located outside of Male’.
Home Improvement Financing/ Home Improvement Financing Plus Application Form