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(opens in a new tab)Maldives Islamic Bank
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Go to Website (opens in a new tab)About Maldives Islamic Bank
Maldives Islamic Bank PLC., the first and fully Shari'ah compliant bank in the Maldives is a collaboration between Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB) and the Government of Maldives, represented by Ministry of Finance.
Amount
MVR 25,000 - MVR 700,000
Tenor
6 - 240 months
Min. approval time
24 hrs
Countries
Created on
December 2024
Last updated
December 2024
Requirements
The basic requirements to apply for a loan on Maldives Islamic Bank include:
- • Customer must be 18 years – 60 years old (at the time of application submission)
- • Customer must have been in full-time employment for at least the previous 24 months
- • Customer’s total monthly commitments with all financial institution including the requested financing should not exceed 50% of his/her confirmed gross income (basic salary and variable allowance)
- • Applicant must be a Maldivian with valid identification card
- • Living and working in Maldives
How to Apply
To apply for a loan with Maldives Islamic Bank, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
Alternatively, you can download the lender's app on Google Play StoreorApple App Store.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
