BML Launches Commercial Property Financing Facility to Support Business Expansion
BusinessAhmed Shurau
Bank of Maldives (BML) has today launched its new Commercial Property Financing facility, offering competitive financing options for businesses looking to acquire land, business premises, and garage spaces across the Maldives.
The facility provides businesses with financing of up to MVR 30 million at a competitive interest rate of 12%, along with flexible repayment options that include an initial grace period.
Mohamed Shareef, CEO and Managing Director of Bank of Maldives, commented, "Our Commercial Property Financing facility is designed to empower businesses by providing them with the necessary financial support to acquire properties such as office spaces and warehouses. This initiative will open up new avenues for business expansion and infrastructure development, enabling enterprises to invest confidently in their future growth and operational capabilities."
The new product aims to provide accessible financial solutions for business expansion, infrastructure investment, and sustainable growth. In addition to this, BML offers a wide range of tailored business financing solutions, including Business Development Loans & Financing, SME Financing, Trade Finance, and Working Capital Facilities to meet diverse commercial needs.
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