The lowest installment plan in the country for vehicles, with no down-payment required for motorbikes.
- Borrow up to MVR 500,000
- Repay over 5 years
- No guarantee or additional security required
- Lower Interest Rate for fully electric vehicles
Am I eligible?
- Customer’s earning a personal monthly income will be eligible
- Repayments of existing credit facilities should be satisfactory for the past 12 month
- Buy 2 wheelers
- No down payment required for 2 Wheeler
- Interest Rate 15%
- Financing available for 4 wheelers, 3 wheelers, Jetski, Mechanized Dinghy & other transportation & recreational vehicles
- When buying a 4 Wheeler, should have a garage space that is acceptable to Transport Ministry
- You should have the capacity to invest a minimum of 20% of the cost of the vehicle
- Fully Electric Vehicle:
- With our lower Interest Rate for fully electric vehicles, do your part in reducing Carbon Footprint
- Buy electric 2 wheelers, 4 wheelers or any other environment friendly vehicle
- Interest Rate 12%
How Can I apply?
If you are in Male’, submit the Vehicle Loan application along with required documents to BML Loan Centre. Our Loan Centre is open from 8:30am to 2:00 pm, Sundays to Thursdays (except public holidays).
If you are residing in any Island, visit the nearest branch and submit Vehicle Loan Application along with required documents. Our branches are open from 8:30am to 2:00 pm, Sundays to Thursdays (except public holidays)
Please note that this is an estimate, and may differ from the actual repayment amount.