Concessions provided to borrowing clients due to Covid 19

In line with the measures taken by the Government of Maldives, along with the Maldives Monetary Authority, in order to minimize the impact of COVID-19 pandemic on  the individuals and businesses, we are happy to announce the following concessions to our valued borrowing customers.

Our personal and business clients, who are affected from the crisis, are eligible to apply for a moratorium from March to September 2020, where they are able to defer the repayment of both the monthly principal and interest portion of the loans for a period of 6 months. The total installment amount, inclusive of principal and interest portion, can be repaid over a period. Borrowers will also have the option to pay only the interest portion of the loan for 6 months and defer the capital payments by same period. 

Our credit team will reach out to our borrowing clients during the next few days to discuss the arrangements tailor-made to suit their exact requirements. 

They can also contact our Credit team through following channels:

Tel – 3029110, 3029122, 3029112

Email – creditandtradefinance@cbmmv.com