Bank of Maldives (BML) has announced positive changes to its personal loans and financing portfolio to offer more flexibility for customers at a press conference held yesterday.
Additionally, BML announced a promotion for customers applying for Lui Express, Lui Micro, BML Vehicle Loan, BML Islamic Personal Financing and BML Islamic Vehicle Financing.
“The positive amendments reflect our commitment to fulfilling customer needs by providing more flexibility and an easier application process for our personal loan and financing products. Today’s announcement includes changes to our Lifestyle Loan through which customers can now borrow up to MVR 300,000; and our Vehicle Loan which now offers a low-interest rate for electric vehicles. The changes announced today will also be reflected in our Shari’ah compliant products available from BML Islamic.” BML’s Director of Business Kuldip Paliwal stated.
According to BML, Customers who apply for the loans and financing from 01st March until 30th April will be eligible to participate in the promotion and nine weekly winners will be selected to receive an iPhone each.
Furthermore, two grand winners among customers applying for Lui loans and BML Islamic Personal Financing will also be eligible to receive a prize of MVR 100,000 each, and one grand winner among customers applying for vehicle facilities will receive a prize of MVR 50,000.