Meet life’s challenges in the most efficient way possible without depleting your resources. Our Personal Loan Scheme will help you meet the demands of life practically and efficiently.
So many of your needs may seem beyond your reach, but a Personal Loan from CBM is the easiest way to have the lifestyle you have always wanted.
Enjoy fast, convenient and 24 x 7 unlimited access points to your account from anywhere in the world through Online & Mobile Banking or through our ATMs.
You can talk to our loan officers for advice and guidance at any time before and during the repayment period of your loan.
You could obtain a Personal Loan for a variety of purposes,
Or any other purpose, if proven acceptable to the Bank.
The maximum loan amount you can obtain is flexible, depending on your disposable income, repayment capacity and requirements.
You need to be a confirmed employee of an organization acceptable to the Bank with a minimum of two years in confirmed employment or a self-employed professional with an established practice/profession and have assured monthly income.
Your regular income should be directed to an account at our Bank (which could be opened for this purpose) from which the monthly payments could be deducted.
You should be aged between 20 and 57 years, subject to loan being fully settled before reaching 60 years.
Minimum salary or your regular monthly income should be MVR 10,000/- (Basic salary), to apply for a Fixed Interest Personal Loan.
You can visit us and discuss your requirement with an officer. He/she will guide you through the loan application process.
Please fill the Personal Loan application form and hand over to the Bank with the required documentation. Remember to take a valid identity document or Passport if you are not an existing customer of the Bank. This is necessary for us to identify you.
You have the option of choosing between an equated or a reducing balance payment schemes.
Repayment period for Fixed Interest Loans will be up to 3 years. The maximum repayment period will depend on your age and remaining years of service.
Terms & conditions apply
Product information and terms & conditions are subject to change from time to time.
Therefore, it is advisable to contact the Bank for the latest information and prevailing terms & conditions.