Kiyavaa Loan

Key features

• Borrow up to 75% of the cost of education, which includes tuition fees and other living costs
• Interest Rate 9%
• Repay over 10 years
• The value of the property offered as security must be at least 150% of the loan amount

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’ or Hulhumale’, you can make an appointment through our Booking Portal and arrange a time to visit BML Loan Centre or take a token through QueueBee to visit Hulhumale’ Branch to submit the Kiyavaa Loan application form along with required documents.

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.

If you are residing in any 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)