Bank of Maldives has opened the opportunity to apply for European Investment Bank’s COVID-19 Relief Loan.
BML temporarily suspended applications for the loan after the fund limit was reached. However, after evaluating loan applications, BML decided to extend the loan applications for another round.
EIB’s COVID-19 Relief Fund is for developing countries like Maldives to help recover their economy after the devastating effects of the pandemic. MVR 15.42 million was allocated to Maldives by the fund.
The loan carries an interest rate of 6% which can be repaid over between 4 to 7 years.
Application forms can be downloaded via BML’a website and any enquiries can be emailed to email@example.com. Applications will be open until the end of the month.