BML announce deadline for Covid-19 Economic Stimulus Loan applications

Bank of Maldives has announced the final date of accepting applications for the Covid-19 Economic Stimulus Loan scheme.

On Monday, BML had confirmed the application submission for the loan scheme will remain active until 17 July 2021.

Moreover, the national bank of the island nation had reported that the number of applications it had received for the loan scheme has already exceeded the required limit.

Furthermore, it notified that the funds allocated for the loan scheme are limited and will provided to applicant requests, which will reviewed on a “first-come-first-serve” basis.

However, the application window is subject to reopening at a later date if funds are available after the evaluation of the existing applications.