Green Loan

Key features

• Personal Banking Customers: Borrow from MVR 50,000 up to MVR 500,000 without any additional security at 12% interest  
• Personal & Business Customers: Borrow from MVR 50,000 up to MVR 20 Million with additional security at 10% interest.
• No deposit or arrangement fee required.
• 15% equity required for secured Green Loan
• For loan amount below MVR 500,000 repay over 5 years
• For loan amount above MVR 500,000 repay over 20 years

What can be funded under Green Loan?

• Products such as renewable energy production or expansion.
• Retailers looking to finance their projects to grow their business in renewable energy or in a similar market.

Am I eligible?

• The project should be an environment-friendly project focused on renewable energy sources
• You must earn sufficient income to cover the loan repayment amount
• Income must be routed to any bank account for past 12 months and minimum 1 month’s income must be routed to your BML account
• Repayments of other credit facilities should be satisfactory for the past 12 month

For secured Loans: 

• You should be able to raise your own contribution of 15% of the loan amount 
• The value of the property offered as security must be at least 150% of the loan amount

How do I apply?

If you are in Male', you can make an appointment to apply for a Green Loan through our Booking Portal and arrange a time to visit our Loan Centre. 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.

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