BML begins 5 percent housing loan approvals

18 hours ago

Bank of Maldives (BML) has begun approving loans under the government-subsidized Hiyaavehi housing loan scheme, which offers financing at a five percent interest rate for individuals seeking to build new homes or complete existing ones. The Hiyaavehi scheme is designed to provide the lowest housing loan rate in the Maldives. Key features include: A loan repayment period of 25 years, including an