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BML Islamic Financing

 

Buy and pay in monthly installments with BML Islamic Personal Financing, Shari’ah compliant financing.

Key Features

Financing Amount Minimum Salary Earned Monthly Repayment (With Security) Rate % Monthly Repayment (Without Security) Rate % Maximum Repayment Period (months)
15,000 4,000 Not Applicable - 400.00 11.75% 48
20,000 4,000 530.00 11.75% 600.00 18% 48
30,000 6,000 790.00 11.75% 900.00 18% 48
40,000 8,000 1,060.00 11.75% 1,200.00 18% 48
50,000 10,000 1,120.00 11.75% 1,200.00 15% 60
60,000 12,000 1,340.00 11.75% 1,500.00 15% 60
70,000 14,000 1,560.00 11.75% 1,700.00 15% 60
80,000 16,000 1,800.00 11.75% 1,900.00 15% 60
90,000 18,000 2,010.00 11.75% 2,150.00 15% 60
100,000 20,000 2,230.00 11.75% 2,400.00 15% 60

 

How to Apply

Please submit a  BML Islamic Personal Financing Form with all supporting documents as stated on the form, to BML Islamic Male’ Branch or to any other Branches located outside Male’.

 

Eligibility

  • Applicable for Maldivians aged between 18 and 60 years.
  • Applicant must be employed and should have received a monthly salary for the past 12 months.
  • Applicant should be in the current job for a minimum of 6 months, and earning a minimum salary of MVR 4,000.
  • Performance on existing facilities should be satisfactory during the past 6 months.

 

More information

For more information, please visit BML Islamic Finance page

Phone: 3017400

Email: bmlislamic@bml.com.mv

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