Home Construction

Am I eligible?

To apply for this loan, you should

• Be a Maldivian aged between 18 to 60 years
• Either own the land, or should be the child or parent of the land owner
• Earn sufficient income to cover the loan repayment (rental income from proposed project will not be considered)
• Income must be routed to any bank account for past 6 months and most recent months’ income must be routed to your BML account
• Income from all sources such as salary, business income, rental income will be considered
• Repayment of all existing credit facilities should be satisfactory for the past 12 months

Applicable Fees:

Application Fee: MVR 1,000 (Non-refundable)

Processing Fee: 1.5% of loan amount

How do I apply?

If you are in Male’ you can make an appointment through our Appointment Portal and arrange a time to visit our BML Loan Center located in Male.

Once an appointment is successfully made, you will receive an SMS with your appointment time to visit the Bank. Appointment slots are available for next 10 working days. If appointments are full, please try again for the next working day.

If you are in the below listed area, take a token through QueueBee to visit the relevant branch to submit the Home Construction Loan application form along with required documents.

• Hulhumale’ - Visit Hulhumale’ Branch
• Hithadhoo - Visit Hithadhoo Branch
• Gan - Visit Gan Branch
• Mahibadhoo - Visit Mahibadhoo Branch
• Kulhudhuffushi - Visit Kulhudhuffushi Branch
• Eydhafushi - Visit Eydhafushi Branch

If you are residing in any other island, visit the nearest branch and submit Home Construction 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)