Vehicle Loan

Am I eligible?

• Your personal monthly income from all sources should be sufficient to cover the repayment amount
• The vehicle should be in Maldives & available for sale from an Authorized Dealer registered at BML
• Repayments of other credit facilities should be satisfactory for the past 12 month

For 4-wheelers:

• 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 

How Can I apply?

Submit a completed Application Form along with a quotation from an Authorized Dealer to our Loan Centre in Male' or to your nearest branch. 

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

Get your vehicle at our authorized distributors

Four wheelers

Business Name	Address	Contact No.
RIKIB Automotors	G. Happy Side Male'	7915544
Tommy Engineering Pvt Ltd	H. Magnolla, Moonimaa Hingun, Male’	3330545
Shayan Maldives Private Limited	H. Mehelige, 2nd Floor, Kurangi Goalhi, Male’	3329898
Eight Sides Private Limited	Ma. Dhullisaa, Male'	7784381
iverse Group Private Limited	M. Manazo, 2nd Floor, Izzudheen Magu, Male’	7781410

Get your vehicle at our authorized distributors

Two wheelers

Business Name	Address	Contact No.
Alia Investments Pvt Ltd	Alia Building, Gandhakoalhi Magu, Male’	3009797
Litus Automobiles Pvt Ltd (including all the outlets across Maldives)	Litus Automobiles Janavaree Magu Male'	3003777
Expert Motors Services Pvt Ltd	M. Rivoli Orchid Magu Male'	3009996
Tommy Engineering Pvt Ltd	H. Magnolla, Moonimaa Hingun, Male’	3330545
Shayan Maldives Private Limited	H. Mehelige, 2nd Floor, Kurangi Goalhi, Male’	3329898
Eight Sides Private Limited	Ma. Dhullisaa, Male'	7784381
Diverse Group Private Limited	M. Manazo, 2nd Floor, Izzudheen Magu, Male’	7781410