Kiyavaa Loan

Key features

• Borrow up to 90% of the cost of education, which includes tuition fees and other living costs 
• Interest Rate 2.5% per anum
• Repay over 10 years
• The value of the property offered as security must be at least 150% of the loan amount
• No processing fee

Am I eligible?

• The facility can be availed individually or jointly
• You must earn sufficient income to cover the loan repayment amount
• Income must be routed to any bank account for past 6 months and most recent month’s income must be routed to your BML account
• Income from all sources such as salary, business income, rental income will be considered
• 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 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 Kiyavaa 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 Kiyavaa 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)