Home Loan

Key features

• Interest rate: 11%
• Equity: 20% which can be financed through pension fund
• No deposit required
• Longer and flexible grace period up to 18 months
• Repayment period up to 20 years

Our Home Loan can also be used by existing home owners to buy another property.

Am I eligible?

• You should be aged between 18 to 60
• You can apply individually or jointly
• You should earn sufficient income to cover loan repayment (rental income from the property being purchased will not be considered)
• You should have 12 months account operation with us (income must be routed to your BML account)

How do I apply?

If you are in Male', you can make an appointment to apply for a Home 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 Home Loan Application Form to your nearest branches, along with the required supporting documents as mentioned in the form.

Application process

Once we receive your application, we will then assess your request and will be in contact with you for the next steps. 

Processing time for a Home Loan varies based on individual applications and we will keep you updated throughout the process.