{"id":5767,"date":"2023-04-06T12:14:39","date_gmt":"2023-04-06T07:14:39","guid":{"rendered":"https:\/\/mbt.mv\/?p=5767"},"modified":"2023-04-06T12:14:39","modified_gmt":"2023-04-06T07:14:39","slug":"bml-reduces-overdue-loan-interest-rate-to-2","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=5767","title":{"rendered":"BML reduces overdue loan interest rate to 2%"},"content":{"rendered":"<p>The Bank of Maldives (BML) said it has dropped the interest rate on overdue loans from the previous 10% to 2%.<\/p>\n<p>The bank in a message to its customers with ongoing loan repayments, said that the new interest rate became effective Tuesday, 4th April 2023. BML further urged its customers to make regular loan repayment to avoid overdue interest charges.<\/p>\n<p>BML&#8217;s decision to provide leniency measures to customers come hot in the heels of a series of improvements on the security features of its online banking services. The bank began fortifying log-in procedures, which included additional authorization protocols, authenticator app integration, dropping email from preliminary OTP options, and the recent introduction of OTP to Scan to Pay services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Maldives (BML) said it has dropped the interest rate on overdue loans from the previous 10% to 2%. The bank in a message to its customers with ongoing loan repayments, said that the new interest rate became effective Tuesday, 4th April 2023. BML further urged its customers to make regular loan repayment<\/p>\n","protected":false},"author":4,"featured_media":5768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2424],"tags":[189,191,194,221],"class_list":{"0":"post-5767","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-finance","9":"tag-bank-of-maldives","10":"tag-banking-and-financing","11":"tag-banking-services","12":"tag-bml"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BML reduces overdue loan interest rate to 2% - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=5767\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BML reduces overdue loan interest rate to 2% - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Bank of Maldives (BML) said it has dropped the interest rate on overdue loans from the previous 10% to 2%. The bank in a message to its customers with ongoing loan repayments, said that the new interest rate became effective Tuesday, 4th April 2023. BML further urged its customers to make regular loan repayment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=5767\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-06T07:14:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/BML-Banking-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=5767#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=5767\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"BML reduces overdue loan interest rate to 2%\",\"datePublished\":\"2023-04-06T07:14:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=5767\"},\"wordCount\":123,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=5767#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/BML-Banking-1.jpg\",\"keywords\":[\"Bank of Maldives\",\"Banking and Financing\",\"Banking Services\",\"BML\"],\"articleSection\":[\"BUSINESS\",\"FINANCE\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=5767#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=5767\",\"url\":\"https:\/\/mbt.mv\/?p=5767\",\"name\":\"BML reduces overdue loan interest rate to 2% - 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