Green Loan

Key features

• Borrow from MVR 50,000 up to MVR 20 million at 11% interest
• Equity: 15%
• No deposit or arrangement fee required
• Repay over 20 years

What can be funded under Green Loan?

• Projects 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
• You must earn sufficient income to cover the loan repayment
• You should be a customer of BML with 12 months account operation (income must be routed to your BML account)
• You should be able to raise your own contribution of 15% 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 is 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 2:00pm, Sundays to Thursdays (except public holidays).  

If you are outside of Male', you can submit a Green Loan Application Form to your nearest branches, along with the required supporting documents as mentioned in the form.