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Home Construction Loan

Our BML Home Construction Loan helps you build the home of your dreams while enjoying a longer repayment period - of up to 15 years. You can use the Home Construction Loan to purchase land and build a new house, renovate your home, add a bathroom, kitchen or any other extension to your existing home; and even use it to refinance your existing construction loan from another institution.

Key Features

  • Interest rate :11.5%
  • Equity: 20%.
  • No deposit required
  • Loan amount from MVR 50,000 to MVR 15,000,000
  • Repayment period of up to 15 years
  • Flexible grace period of up to 12 months
  • Can be taken jointly with other individuals


  • Maldivians aged between 18 to 60 years
  • Borrower should be land owner, children or parents of land owner (at least one Borrower should have a legal connection)
  • Current salary income and income from existing other sources should be sufficient to cover repayment (rental income from proposed project will not be considered)
  • Borrower should be a BML Customer with at least 12 month account operation

Quick Links

Home Construction Loan Application

Financial Statements (sample)

Personal Information Form


General Terms and Conditions for Credit Facilities (Dhi / Eng)

How to apply

Submit a Home Construction Loan Application form to any of our branches across Maldives, along with the required supporting documents as mentioned in the form.

We will then assess your application, and will be in contact with you for the next steps. Processing time for Home Construction Loan does vary based on individual applications and we will keep you updated throughout the process.

Need to check your loan application status?

Contact the branch you have applied to get updates on your loan.

Important Information

You can keep track of your loan account via Internet Banking, Mobile Banking App or through monthly statements.