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It's because the fine print probably read that the winnings would be distributed not as $1,000,000 today, but as $100,000 a year for 10 years.
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Developing procedures to make a reasonable determination that a borrower has an ability to repay a loan without reborrowing and while paying for major financial obligations and living expenses is likely to be a challenge for many lenders.
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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.
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We want you to use our products responsibly, so we're active members of groups that teach consumers about responsible online lending as well as access to credit and financial literacy.
Advance Me Today Payday Loan
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You should usually have the money in your bank account in 24 hours once approved, sometimes sooner.
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Just select a Year and a Pay Statement date from the drop down boxes at the top of your screen.
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In some cases we do conduct employment checks, generally on new customers.