SME DIGITAL Facility Application

Apply for SME Digital financing after sharing your verified Swipe profile details.

Applicants must be 18 to 40 years old and have a verified, unexpired Maldivian national ID.

Working Capital Financing

Description

Shari’ah-compliant financing solution specifically designed to support existing businesses in sustaining operations, managing liquidity effectively, and maintaining short-term financial stability.

Features

• Financing amount from MVR 75,000 to MVR 2,000,000
• Profit rate fixed at 9% per annum for secured facilities
• Profit rate fixed at 10.5% per annum for unsecured facilities
• Repayment period up to 5 years (maximum grace period of 6 months)
• Customers will be required to cover any additional cost beyond the approved financing limit
• Business will be required to provide a security based on risk of the business/project and for all facilities above MVR1,000,000 (offered security must meet the minimum criteria required by SME Digital)
• Financing applicable for registered businesses in operation for more than 6 months
• Financing restricted towards Government related projects

Verified details

Full name Mobile number ID card number Date of birth

Account details

Select Bank of Maldives MVR account number

Facility request

Financing purpose Purpose of facility Facility amount

Business overview

Educational qualification level Startup or existing business Business sector Business sub-sector General business activity Business description 0 / 100 characters Business premises address Business location island

Products and services

Monthly financial forecast

Sales Cost of sales Salary Utility Rental Other operational expenses

I confirm the information provided is accurate and agree to the application declaration.

Ready