Bank of Maldives (BML) on Sunday launched its new commercial property financing facility, offering competitive financing options for acquisition of land, business premises and garage spaces across the Maldives.
According to the national bank, this financing facility provides businesses up to MVR 30 million at a competitive rate of 12 percent with flexible repayment options including an initial grace period.
Mohamed Shareef, the CEO and Managing Director of BML, said the bank’s commercial financing facility is designed to empower businesses by providing them with the necessary financial support to acquire properties such as office spaces and warehouses.
“This initiative opens up new avenues for business expansion and infrastructure development, enabling enterprises to invest confidently in their future growth and operational capabilities,” he said.
BML's commercial property financing facility provides businesses up to MVR 30 million to acquire properties such as office spaces and warehouses. (Photo/BML)
BML’s new product is designed to provide accessible financial solutions for expansion, infrastructure investment, and sustainable growth.
Alongside this, BML provides a suite of tailored business financing solutions, including business development loans and financing, SME financing, trade finance and working capital facilities to meet diverse commercial needs.
Additional information regarding the new commercial property financing facility is available on the bank’s website.