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BML Vehicle Loan

Now owning your vehicle is easy! BML Vehicle Loan allows our customers to buy the latest models of vehicles with the best installment plan in the country. Buy your dream motorbike or car and enjoy lowest monthly repayments with our 5 year plan.

Key Features

  • Loan amount up to MVR 500,000
  • Repay over 5 years
  • No guarantee required
  • No additional security required
  • Interest Rate: 18%
  • Own Contribution: 20%


Authorized Dealers:

Two Wheeler

Business Name
AddressContact No.
Alia Investments Pvt Ltd
Alia Building, Gandhakoalhi Magu, Male’
3009797
Litus Automobiles Pvt Ltd
(including all the outlets across Maldives)
Litus Automobiles Janavaree Magu Male'
3009996
Expert Motors Services Pvt Ltd
M. Rivoli Orchid Magu Male'
3003777
Tommy Engineering Pvt LtdH. Magnolla, Moonimaa Hingun, Male’3330545
Shayan Maldives Private LimitedH. Mehelige, 2nd Floor, Kurangi Goalhi, Male’3329898


Four Wheeler

Business NameAddressContact No.
RIKIB Automotors
G. Happy Side Male'7915544
Tommy Engineering Pvt LtdH. Magnolla, Moonimaa Hingun, Male’3330545
Shayan Maldives Private LimitedH. Mehelige, 2nd Floor, Kurangi Goalhi, Male’3329898


Eligibility

  • Personal net monthly income from all sources must be sufficient to cover the repayment amount
  • Customer should have capacity to invest minimum 20% of the cost of vehicle
  • Vehicle should be purchased from an Authorized Dealer registered at BML
  • Vehicle should have been already imported to Maldives & available for sale
  • Customers applying to buy a 4 wheeler, should have an garage space that is acceptable to transport ministry
  • Repayments of other credit facilities should be satisfactory for the past 12 months

How to apply

You can submit a BML Vehicle Loan Application Form to any of our branches.


Useful Downloads

BML Vehicle Loan Application Form

FAQ