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DHIVEHI

BML lowers equity requirements and extends repayment periods for businesses

13 Feb 2025

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Yumn Hassan

Photo: Bank of Maldives

The Bank of Maldives (BML) has introduced changes to its business financing products, including lower equity requirements, extended repayment periods, and expanded eligibility for real estate, guest house, and working capital financing. The revised terms allow guest houses to be listed as sole security, increase working capital access to 2.5 times average monthly sales, and offer more flexibility for businesses seeking funding. These enhancements follow recent improvements to BML’s home financing options, which introduced more flexible terms and higher borrowing limits.

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