Disaster Relief Loan

Key features

• You can borrow up to MVR 3,000,000 at a low interest rate of 8%
• The loan can be repaid over 20 years and we will require 120% of the property value as a security
• The National Disaster Management Centre will provide the equity contribution of 40%

Am I eligible?

• Borrower should be the landowner or resident living in the house at the time of the natural disaster
• The National Disaster Management Authority must provide a document stating that the equity portion is provided

How to apply?

If you are in Male’ or Hulhumale’, you can make an appointment through our Booking Portal and arrange a time to visit BML Loan Centre or take a token through QueueBee to visit Hulhumale’ Branch to submit the Disaster Relief Loan application form along with required documents.

Once an appointment is successfully made, you will receive an SMS with your appointment time to visit the Bank. If the appointment slots for the day are full, please try again for the next working day.

Appointments can be made from 12am on the day before each working day.

If you are residing in any island, visit the nearest branch and submit Disaster Relief Loan application form along with required documents.

Our Loan Centre and branches are open from 8:30am to 2:00pm, Sundays to Thursdays (except public holidays)