Commercial Bank of Maldives review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Commercial Bank of Maldives suits salaried and self-employed professionals in the Maldives who want a fixed-rate personal loan or home loan from a bank they already hold an account with.

Key facts

Best for
Maldivian salaried or self-employed professionals wanting a fixed-rate personal or home loan from their existing bank.
APR
13.5% to 15.25% (Source, checked September 26, 2026)
Term
60 months (Source, checked September 26, 2026)
Arrangement fee
0.75% of facility amount (Min MVR 1,000) (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
Aged 20-57, loan fully settled before age 60; confirmed employee with 2 years employment or self-employed professional; minimum basic salary MVR 15,000; income directed to a CBM account (Source, checked September 26, 2026)
Origination fee (%)
0.75% (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Guarantor (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Commercial Bank of Maldives Pvt Ltd (Source, checked September 26, 2026)
Headquarters
Maldives (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
cbmmv.com

Mortgages

Initial rate
9.5% to 12% (Source, checked September 26, 2026)
Maximum loan to value
80% (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Commercial Bank of Maldives Pvt Ltd (Source, checked September 26, 2026)
Headquarters
Maldives (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
Google Play
Elsewhere
facebook.cominstagram.comyoutube.com

Pros and cons

Pros

  • Fixed-rate borrowing only, at APR of 13.5% to 15.25% on a 60 month term
  • A direct lender you deal with directly, with support on phone, email and help centre
  • Home loans for purchase and remortgage at initial rates of 9.5% to 12% up to 80% loan to value
  • Personal, debt consolidation and guarantor loans, with home improvement listed as a use case

Cons

  • An origination fee of 0.75% of facility amount (Min MVR 1,000) applies to the facility
  • Free early repayment: no, so settling early carries a cost
  • Income must be directed to a CBM account, which locks the borrower to that bank
Commercial Bank of Maldives

Ready to try Commercial Bank of Maldives?

Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Salaried employees with a waiting period of employment in the same job before they qualify
  • Self-employed professionals who can route income through a CBM account
  • Maldives buyers or remortgagers comfortable borrowing at up to 80% loan to value

Who should look elsewhere

  • Anyone wanting to clear a loan early without charge, since free early repayment is no
  • Applicants who fall short of the eligibility bar, which sets a minimum age, a minimum basic salary, employment conditions and settlement before retirement age
  • Borrowers outside the Maldives, where the bank is headquartered in Maldives

Who runs it

The lender is Commercial Bank of Maldives Pvt Ltd, a bank headquartered in Maldives that lends its own money rather than brokering. That matters for the account itself: personal loan applicants must direct their income to a CBM account, so the bank stays the home of the salary and the borrowing. Support runs on phone, email and help centre, so help arrives by phone, email or a help centre.

How Commercial Bank of Maldives compares

Where Commercial Bank of Maldives is available

Available
Maldives

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What APR does a personal loan cost?+

Personal loans are priced at an APR of 13.5% to 15.25%, and the rate type is fixed, so that figure holds for the whole 60 month term. The loan types listed are personal, debt consolidation and guarantor, with home improvement named as a use case.

Is there an arrangement or origination fee?+

Yes, there is an origination fee of 0.75% of facility amount (Min MVR 1,000), charged on the facility amount. It is separate from the APR of 13.5% to 15.25%, so the true cost of a personal loan sits above the headline rate.

Can I repay the loan early without a charge?+

Free early repayment is no, so a settlement ahead of schedule is not cost free. Anyone planning to clear the balance early should weigh that against the fixed rate, which holds at APR of 13.5% to 15.25% across the 60 month term.

Who can apply for a personal loan?+

Applicants must be adults, with the loan fully settled before retirement age. They need either confirmed employment with a waiting period in that job or to be a self-employed professional, plus a minimum basic salary, and income directed to a CBM account.

What does a home loan cost and how much can I borrow?+

Home loans carry initial rates of 9.5% to 12%, against a maximum loan to value of 80%. The stated purposes are purchase and remortgage, so both a new purchase and switching an existing home loan sit in scope.

How is the bank regulated?+

No regulator, licence or protection scheme is listed for this brand, so there is no named scheme to point to. The lender is a direct lender operating from MV, and the only formal route to raise a concern runs through phone, email and help centre.

Sources

  • cbmmv.com checked September 26, 2026

    Backs: Headquarters, Support channels

    “H.Filigasdhoshuge, Ameeru Ahmed Magu, Male 20066”

  • cbmmv.com/exchange-rates-tariffs.html checked September 26, 2026

    Backs: APR, Free early repayment, Arrangement fee, Origination fee (%)

    “Personal Loan 13.50 - 15.25% p.a”

  • cbmmv.com/legal-notices.html checked September 26, 2026

    Backs: Legal entity

    “Commercial Bank of Maldives Pvt Ltd, the management and its employees shall not be liable”

  • cbmmv.com/personal/loans/home-loan.html checked September 26, 2026

    Backs: Initial rate, Maximum loan to value, Purpose

    “Home Loan: Interest Rate and Charges 9.5% p.a - 12.00% p.a”

  • cbmmv.com/personal/loans/personal-loan.html checked September 26, 2026

    Backs: Eligibility, Lender type, Loan types, Pricing model, Rate type, Term, Use cases

    “You should be aged between 20 and 57 years, subject to loan being fully settled before reaching 60 years”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Loan amount, Credit check, Funding time, Representative example.

Commercial Bank of Maldives

Commercial Bank of Maldives

Maldivian salaried or self-employed professionals wanting a fixed-rate personal or home loan from their existing bank.

9.1/10See alternatives

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