Purpose
- To start a second source of income
- Purchase of vehicle, vessel, computer equipment, furniture for your house etc.
- Higher education needs for you or your immediate family member either locally or abroad
- Repairs or extensions to your home
- Medical expenses
- Any other proposal acceptable to MFLC
Eligibility:
- Maldivian aged between 18 to 55 years
- Landlords with regular rent income, supported with evidence
- Professionals in confirmed employment
- Self-employed entrepreneurs with a minimum business history of two years
Key Features
Facility limits : From MVR 100,000 to MVR 1,500,000
Tenure : Flexible repayment period, up to 4 years
Interest rates : Flexible & Negotiable
Equity : A minimum of 20% of the proposal
Security : Movable or immovable security acceptable to MFLC
Guarantee : Personal guarantee of an individual acceptable to MFLC