Lui Express

Key features

• Loan amount from MVR 20,000 to MVR 300,000 
• Interest Rate: 18% per annum
• Easy and convenient process with quick processing time of just 5 days
• Repay over 5 years
• Repayments will be made automatically from salary account
• No security, quotation or guarantee required

To apply online, log-in to internet banking and go to the "Services" tab, or submit a completed Application Form to any of our branches. 

Eligibility criteria

• Applicable for Maldivians only, aged between 18 and 60 years
• Applicant must be employed and should have received a monthly salary for past 12 months, deposited to any bank. A minimum of 1-month salary should have been deposited to your BML account
• You must be employed with current employer for past 3 months

Refinancing?

If you currently have a Lui Express loan, you have the option to apply for an enhancement to the loan amount. This means you can settle the existing loan and get an extension with a new Lui Express loan. 

The following conditions apply:

• You can refinance your loan after servicing the loan for at least 12 months. However, if your salary has increased or you have not previously taken the maximum eligible limit, you can apply for enhancement of your existing Lui Express Loan after servicing the loan for 3 months. 
• Repayments of existing loans should have been regular

Documents required for your application

Please submit the following documents with your application:

• Updated Personal Information Form 
• Letter from your Employer (if your salary is not processed through BML Payroll Service)

Loan amount & repayment

Loan Amount	Qualifying minimum salary	Repayment
20,000.00	4,000.00	520.00
30,000.00	6,000.00	770.00
40,000.00	8,000.00	1,030.00
50,000.00	10,000.00	1,280.00
60,000.00	12,000.00	1,540.00
70,000.00	14,000.00	1,800.00
80,000.00	16,000.00	2,050.00
90,000.00	18,000.00	2,310.00
100,000.00	20,000.00	2,560.00
110,000.00	22,000.00	2,820.00
120,000.00	24,000.00	3,070.00
130,000.00	26,000.00	3,330.00
140,000.00	28,000.00	3,590.00
150,000.00	30,000.00	3,840.00
160,000.00	32,000.00	4,100.00
170,000.00	34,000.00	4,350.00
180,000.00	36,000.00	4,610.00
190,000.00	38,000.00	4,870.00
200,000.00	40,000.00	5,120.00
210,000.00	42,000.00	5,380.00
220,000.00	44,000.00	5,630.00
230,000.00	46,000.00	5,890.00
240,000.00	48,000.00	6,140.00
250,000.00	50,000.00	6,400.00
260,000.00	52,000.00	6,660.00
270,000.00	54,000.00	6,910.00
280,000.00	56,000.00	7,170.00
290,000.00	58,000.00	7,420.00
300,000.00	60,000.00	7,680.00