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Traders Loan

For Traders & Small Businesses: Provides short- to medium-term financing to support trading and business operations. Ideal for businesses requiring working capital or funds to expand operations.

Purpose

• Trade financing (supplier invoices and LC retirement)
• Paying suppliers
• Inventory purchases
• Business expansion or development

Eligibility

• SMEs registered with the Ministry of Economic Development
• Minimum 12 months of operating history with a banking track record
• Applicants aged between 21 – 55 years
• Applicants aged 55 years and above require a joint borrower
• Guarantor with stable income source shall be included in the facility (for Sole Proprietorships)

Key Features

  • Minimum Loan Amount: MVR 10,000

  • Maximum Loan Amount: Up to MVR 1,000,000

  • Loan Period: Up to 36   months

  • Grace Period: Not applicable

  • Equity Requirement: 12 months’   investment to be considered

  • Collateral: Property / Vessel / Vehicle (4-wheelers)

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