Bank of Maldives BML has clarified how to apply for Covid-19 Recovery Scheme as government’s recovery plan to stabilize the impacts of the global pandemic gains momentum.
BML said that interested parties could submit the completed application from along with the required documents via email to [email protected].
The Bank said once it receives the applications, it would call the applicants for credit evaluation.
Documents required to apply for the loan:
- Completed Application form
- Financial accounts for the year 2019 (Audited or management accounts)
- GST Returns for 2019
- Sole proprietor’s ID card copy and copy of Registration certificate
- Company partnership: Copy of registration certificate, Profile sheet issued by Economic Ministry and Resolution of the Board of Directors, in line with the format provided by the Bank indicating the type of facility, amount of facility and authorized signatory for all documentations.
BML said that this is an unsecured facility provided at 6 percent interest per annum with a repayment period of 3 years.
