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