Develop property and invest anywhere in the country with our Shariah compliant Real Estate Financing based on the concept of Diminishing Musharakah.
This facility can be used to build, renovate, extend and refurbish property for commercial use or for leasing, and can also be used to refinance existing Real Estate loans/ finance facilities taken from BML or from other institutions for the same purpose.
Based on the Shariah compliant concept of Diminishing Musharakah.
Financing is available from MVR 50,000 up to MVR 150 million
Minimum equity of 30% is required
Lease rates vary with the equity invested:
Financing period up to 15 years, with a grace period up to 18 months
Non-refundable application fee of MVR 1,500 but an additional deposit is not required
To apply for this facility, you should
If you are in Male', you can make an appointment to apply for Real Estate 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.