BML Paves Way For Unsecured Loan And Financing Up To MVR 1.2 Million

Bank of Maldives (BML) has announced changes to its personal unsecured loan and financing products, simplifying its lending portfolio and raising the financial limit to MVR 1.2 million. From 25^th January onwards, BML will only have a single ‘BML Lui Loan’ that will fulfil all requisites of personal borrowing.

BML Islamic Personal Financing will also be providing customers with Sharia’h compliant financing up to MVR 1.2 million. This can be utilized to purchase products as well as cash financing. With these revisions, BML will also be accepting salary and other sources of income for both Lui Loan and Personal Financing.

Speaking on the occasion, the CEO and Managing Director of BML, Karl Stumke remarked “We are delighted to announce this change to our portfolio which allows customers to access a much larger pool of funds for personal use, whatever the need is. As the bank of choice for Maldivians, we will continue to strive to meet and exceed our customers’ expectations.”

Customers can apply for the Lui Loan and Personal Financing through Internet or Mobile Banking. The application will be processed in 5 business days. For more information on both, please visit: https://link.bml.com.mv/lui-loan, https://link.bml.com.mv/islamic-personal-financing