Home Purchase Financing

Key features

• Based on the Shariah principle of Diminishing Musharakah financing  
• Financing is available at a lease rate of 10% p.a.   
• Equity of 20% is required, which can be financed via savings at Pension Fund 
• Financing period is up to 20 years, with a grace period up to 18 months   
• No additional deposit, security or guarantor required  

Am I eligible?

To apply for this facility, you should:

• Be a Maldivian aged between 18 years to 60 years at maturity (application can be submitted in joint capacity).  
• Earn sufficient income to cover the facility monthly repayment (rental income from proposed project will not be considered)
• Be a BML Customer with at least 12 months account operation

How do I apply?

• If you are in Male', you can make an appointment to apply for Home Purchase 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.