The BML Lifestyle Loan has been designed to provide easy access to finance up to MVR 300,000 without pledging a security to those property owners who receive a rental income from their property. If you are pledging a security, BML Lifestyle Loan also can be availed up to MVR 1.5 million, which is the highest loan amount in the country that can be taken without any own equity contribution requirement.
The loan can be used for a range of personal or business-related purposes such as to finance home improvements, children’s education or to meet urgent business requirements.
|Loan Amount||Interest Rate|
|MVR 25,000 – 300,000||18%|
|MVR 300,000 – 1.5 million||12%|
Please submit a BML Lifestyle Loan Application Form to our Account Opening and Loan Centre together with all supporting documents as stated on the form.