BML extend loan moratorium, announces second one


Bank of Maldives (BML) on Sunday, 30 August made announcement of extending the due on their first loan moratorium.

Earlier, the national bank of Maldives announced a moratorium for its loans and financial facilities in March.

Moreover, BML made the decision in a bid to minimize impact on individuals and businesses due to Covid-19.

By end of July 2020 more than 17,700 customers with persona, housing or business loans and financing had successfully applied.

Furthermore, BML notes customers who have not requested for moratorium can apply until 31 December 2020.

As per BML eligible customers can apply for the new moratorium online via the bank’s website from 8 September to 30 November 2020.