Personal Loans   New

Home Loan

Now buy the home of your dreams anywhere in Maldives with our BML Home loan - a loan specifically designed for those looking to purchase apartments, flats or row houses anywhere in Maldives. The loan can be used to purchase property of any value, and no additional security is required.

Key features

  • Lowest interest rate in the country
  • Equity Interest Rate
    20% 11.00%
    30% 10.75%
    40% 10.50%
    50% 10.00%

  • No deposit required
  • Longer/flexible grace period up to 12 months
  • Repayment period up to 20 years
  • BML Home Loan can be used by existing home owners to buy another property
  • Use savings at pension fund to finance Equity contribution

  • Eligibility

  • Maldivians aged above 18 years, and below 65 years at loan maturity
  • Personal banking customers (Individual or Joint)

  • Quick Links

    Home Loan Application

    Financial Statements (sample)

    Personal Information Form

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

    How to apply

    Submit a Home 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 Loan does vary based on individual applications and we will keep you updated throughout the process.

    Do come and talk to our Customer Service representatives at our branches who will be happy to help you with your Home Loan application.

    Important Information

    You should have a Home Insurance policy for the Home Loan.

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