Bank of Maldives (BML) has announced a promotion for customers applying for Lui loan and BML Islamic Personal Financing.

Applications collected and approved during the promotion period will qualify for the promotion, BML said. The promotion period is from today till 10th March 2024. A grand winner will be selected at the end of the promotion and will receive MVR 50,000.

BML announced the launch of instant approval for personal loan and financing facilities on Wednesday, a first-of-its kind in the country.

Eligible customers will now be able to view and apply for loans or financing through Internet or Mobile Banking which will be approved instantly and disbursed in just four hours.