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Direct lender payday loans 100 approval key Features No deposit requiredNo arrangement feeLow equity contribution of 15% with BML financing the remaining 85%Loan amount from MVR 50,000 to MVR 20 millionInterest rate of 10%Repayment period of 20 yearsHow to applySubmit a BML Green Loan Application form to any of our branches across Maldives, along with the required supporting documents as mentioned in the form.
Fees and interest for loans between $2,001 and $5,000Establishment fees.
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In addition to the harms that result from default, lender use of leveraged payment mechanisms can reduce borrowers' control over their own funds by essentially prioritizing repayment of the loan over payment of the borrower's other important obligations and expenses, which can result in late fees under those obligations and other negative consequences, such as cut-off of utilities.
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