Bank of Maldives (BML) has strategically evolved beyond the conventional confines of a financial institution, standing as an ally to fostering success. At the core of BML’s strategy is a diverse range of financing solutions meticulously designed to cater to the varied needs of businesses.
These financial options, marked by a blend of innovation and reliability, aim to give businesses the essential financial support required for their growth.
BML distinguishes itself with products like Corporate Credit Cards, Online Banking Solutions, and comprehensive services through the Business Centre. These services provide a competitive edge, offering specialised advantages not commonly found among other market players.
Diverse Financing Options Tailored for Business Needs
Retailers’ Loan: Businesses can now obtain up to three times their monthly point of sale (POS) sales average as a Retailer’s Loan, catering to various business needs. This option proves ideal for daily operational expenses or funding business expansion.
Business Development Loan: Tailored for all business types, this loan allows borrowers to secure funds based on their specific needs. Key features include a low equity contribution, flexible repayment periods, and customisation options aligning with business requirements.
Guest House Loan: Geared towards investors venturing into the guest house business, this loan offers financial options for construction and working capital. It features a competitive 12% interest rate, a 30% equity requirement, and a loan amount of up to MVR 30 million.
Real Estate Loan: Ideal for funding real estate projects, including land purchase and development of residential or commercial premises. It offers varying equity and interest rate options, with no deposit required and a repayment period of up to 15 years.
Vessel Finance Loan: Providing financing for vessel-related needs, this option requires a 30% equity contribution, with a fixed repayment period based on the borrower’s capacity.
Cutting-edge Merchant Services Revolutionising Transactions
Complementing these financing options, BML extends seamless transactions through its Merchant Services, featuring cutting-edge payment solutions:
Merchant Portal & mPOS: Offering effortless online transactions, businesses can accept payments with BML’s Merchant Portal or mPOS App. The setup is fast and free, supporting all major payment methods without the need for a traditional card machine.
Payment Gateway: Elevating online businesses, BML’s Payment Gateway boasts 3D secure features, quick fund settlements, and real-time information, ensuring a secure and streamlined e-commerce experience.
POS Terminals: Embracing the future of transactions, BML’s merchant network allows businesses to accept contactless payments, digital wallets, and major international card brands with no setup or monthly fees.
BML EasyPay: Adding an extra layer of convenience for high-value goods, this feature is activated on request, ensuring immediate payments upon settlement and enhancing the shopping experience without additional charges.
The Bank of Maldives acts as a reliable partner and refrains from merely being a bank, presenting a suite of financing solutions and cutting-edge merchant services to propel businesses on their journey to success.