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.
Lowest interest rate in the country
No deposit required
Longer/flexible grace period up to 24 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
Maldivians aged above 18 years, and below 65 years at loan maturity
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.
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.