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Solar Water Heater
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Green Loan

MFLC Green Loan is designed to facilitate and support environmentally sustainable economic activity for both Individual and entities.

Purpose

  • Purchasing of energy efficient household equipment, electric vehicles, eco-friendly paint

  • Pollution prevention and control

  • Environmentally sustainable management of living natural resources and land use

  • Terrestrial and aquatic biodiversity conservation

  • Eco-efficient and/or circular economy adapted products, production technologies and processes

Eligibility

  • Age: Aged between 18 and 60 years

  • Business Operation: 2 years in operation or can be considered based on owners strong business or income background

  • Project should provide a clear environmental benefit

  • Guarantor with stable income source shall be included in the facility (for individuals)

Key Features

  • Finance Limit: Up to MVR2,000,000

  • Collateral: Up to MVR250,000 not required, Above MVR250,000 property/vehicle

  • Loan Tenure: Up to 60 months (05 years)

  • Grace Period: n/a

  • Equity: 20% of the cost of energy efficient equipment

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