Home Purchase Financing

Key features

• Based on the Shari’ah principle of Diminishing Musharakah financing  
• Financing is available at a lease rate of 11% 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're ready to apply, call our Contact Center at 3330200 and arrange for a convenient time to visit BML Islamic Male’ Branch if you are in Male'. You can also visit any of our branches outside Male’ where our team will be happy to help you with your financing application.