Bank of Maldives (BML) has announced plans to improve its loan products، making more customers to access to loans.
In a statement released، the central bank stated that  it already has made loans of some MVR 8 billion to Maldivian individuals and businesses، the Bank wants to support the local economy even more by making its loans more accessible.
“We are open for business and we will announce over the coming weeks a number of changes to existing loans as well as some new loan types. We will also commit to making the loan application process simpler and turnaround times shorter than before،” the CEO of BML، Andrew Healy said.
The statement further read that the details of the changes to the existing loan products as well as some new loan products will be announced on a phased basis over the coming weeks.
In addition، BML stated that home loan financing، unsecured personal loans and small business loans will be in the Bank’s plans.