Bank of Maldives (BML) has amended its home purchase loan, also known as BML Home Loan, to make it more accessible and more widely available to customers.
BML said that with the change, customers can now purchase property of any value anywhere in the country. Previously, Home Loan was only available for purchase of property in Malé and Hulhumalé for maximum $15 million.
Furthermore, the bank said that Home Loan is also now accessible to home owners who wish to buy another property.
BML Home Loan is offered with 20 years repayment period - the maximum tenure offered in Maldives.
BML also recently made positive amendments to Lui Express loan to make it more accessible and to add more value to the services given to its customers.