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A person uses a Bank of Maldives (BML) issued Mastercard. (Photo/BML)

BML reduces loan overdue changes from 10% to 2%

BML said the change will be effective from Sunday.

4 April 2023

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Bank of Maldives (BML) has reduced the overdue charges on loans and financial facilities from 10% to 2%.

In an email to existing customers, BML said the change will be effective from Sunday.

"To avoid overdue charges, please ensure that repayments are made to your financing facility account before the due date," the email read.

Business Bank of Maldives

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