Lending software for the Maldives

An island market where eFaas identity and Favara transfers make remote lending possible. lendhero arrives with Credit Information Bureau of the Maldives, eFaas and Favara already connected, so your team configures products instead of plumbing.

See the local stack
  • MVR (MVR)
  • Dhivehi, English
  • 12 local connectors
  • 1–2 weeks to launch

Hi, Aminath

Approved30,000 MVR

777

Credit score

On-time payments

Monthly payment1,480 MVR

Market profile

Maldives at a glance

What lendhero is set up for in Maldives before your team logs in.

Currency

MVR (MVR)

Languages

Dhivehi, English

Supervisor

Maldives Monetary Authority

Credit data

Credit Information Bureau of the Maldives

Payout rails

Favara, Card

Data protection

national data rules

12
local connectors wired in before kickoff
MVR
for pricing, payouts and repayments
1–2
weeks from kickoff to the first loan
2
interface languages: Dhivehi, English

Working with borrowers in Maldives

Tools for every borrower conversation

Borrowers in Maldives apply, sign, pay and come back for repeat loans in Dhivehi and MVR.

Applications in minutes

Borrowers apply on the web or in the app, and staff file applications from the back office. A half-filled form waits for them to come back.

New application

Draft saved
Step 2 of 4 · Personal detailsStep 2/4

Reminders that get read

Approvals, due dates and overdue notices go out by Viber Business and WhatsApp Business automatically.

Your application is approvedViber Business
Your payment is due tomorrowWhatsApp Business
New receipt in your portalInfobip

Rewards for repeat borrowers

Points for on-time payments, promo codes for campaigns and manual adjustments by staff.

WELCOMEfirst loan
Bonus balance1,240 pts

A portal for repeat loans

Repeat borrowers reapply without retyping data, extend or repay from their phone.

Extend loan
Repay early
Refinance

Contracts without paperwork

Loan agreements, extension requests and receipts are generated and e-signed in Dhivehi.

Loan agreementSigned
Extension requestReady
Payment receiptDraft

Decisioning

Decisions in seconds, explained in plain words

Third-party and built-in checks run in one flow, for individuals and businesses. Every approval and decline shows the rules and scores behind it.

  • Every check in one passAnti-fraud, identification, credit bureaus, sanctions and digital footprint.
  • Rules you can readYour team can answer any borrower about why.

Application #48213

Aminath · Consumer loan, 6 months · 30,000 MVR

Approved
Credit score712
  • IdentityVerified
  • Anti-fraudPassed
  • Credit bureau712
  • Debt-to-income31%
  • Sanctions & watchlistsClear
Decision time28 s

Local stack

The Maldives stack, connected before kickoff.

lendhero ships with the connectors lenders in the Maldives use every day, from Credit Information Bureau of the Maldives to Card. New ones are added through the open API.

  • Credit bureaus & registries1 connector
    • CCredit Information Bureau of the Maldives
  • Identity & KYC2 connectors
    • eeFaas
    • OOnfido
  • Bank & alternative data1 connector
    • BBank statements
  • Disbursement rails2 connectors
    • FFavara
    • CCard
  • Repayments & collections2 connectors
    • CCard
    • BBank transfer
  • Messaging3 connectors
    • VViber Business
    • WWhatsApp Business
    • IInfobip
  • E-signature2 connectors
    • DDocuSign

Checks and payments

Who borrows and how money moves in Maldives

Applicants are checked with Credit Information Bureau of the Maldives, and money moves via Favara and Card.

Client checks

Checks connected in Maldives:

  • Anti-fraud servicesDevice, behaviour and blacklist checksPass
  • Identity verificationeFaas, OnfidoPass
  • Credit bureausCredit Information Bureau of the MaldivesPass
  • Government registriesNational ID and tax registriesPass
  • Bank and alternative dataBank statementsReview
  • Additional data sourcesTelco, open banking and your own listsAuto

Payment infrastructure

Payment rails connected in Maldives:

DisbursementFavara, Card in MVR
RepaymentCard, Bank transfer
Status checksEvery payment tracked until it settles
Reversals and refundsCancel or refund with a full audit trail
  • Favara
  • Card
  • Bank transfer

Loan servicing

Every loan and every repayment on one screen

Edit terms, recalculate interest, apply penalties and follow the full schedule without exporting anything.

  • Automatic calculations for every loanInterest, fees and penalties in MVR are calculated by a dedicated engine with 200+ configurable parameters. Staff can still adjust any amount by hand, and every change is logged.
  • Loan products in minutesSet up consumer, instalment and business products with their rules and scenarios in the admin panel, without a release.
  • Notifications tied to every calculationEach due date, penalty and recalculation sends the right message to the borrower and your team.

Loan #48213

30,000 MVR

On track
Auto-calculated · 200+ parametersManual edit
Repaid 10,700 MVR of 32,100 MVR2 of 6 payments
DateAmountStatus
Sep 45,350 MVRPaid
Oct 45,350 MVRPaid
Nov 45,350 MVRDue in 7 days
Dec 45,350 MVRUpcoming
Jan 45,350 MVRUpcoming
Reminder sentYour payment of 5,350 MVR is due Nov 4

Loan flow

How a loan runs in the Maldives. Five steps, all local.

  1. 01ApplyBorrowers apply on the web, in the app or via Viber, with forms in Dhivehi and English.
  2. 02VerifyIdentity and documents are checked through eFaas and Onfido.
  3. 03DecideScorecards pull Credit Information Bureau of the Maldives data and return a decision in seconds.
  4. 04DisburseFunds go out via Favara or Card in MVR, straight after signing.
  5. 05CollectRepayments arrive via Card and Bank transfer, with reminders over Viber Business.

Portals

One platform, three portals

Everyone works in the same system and sees only what their role allows.

My loan

30,000 MVR

Next payment

5,350 MVR · Nov 4

Pay now

Extend loan

Customer portal

Borrowers apply, repay, extend and track loans online.

Applications

AminathVerifierApproved
Daniel O.AnalystReview
Maria L.RiskApproved
Tomas K.AnalystDeclined
Lena P.VerifierReview

Staff portal

Managers, analysts, risk, verifiers and collectors work side by side.

Role · Verifier

12 users
View applications
Verify documents
Approve loans
Edit loan terms
Export reports

Super-admin portal

Products, roles, permissions and rules change without a release.

Products

What lenders in the Maldives launch on .

Consumer instalment loansPersonal loans for salaried borrowers.
Business lendingLoans for tourism and fisheries.
Auto financingVehicle and boat finance.

Compliance

Configured for MMA and national data rules.

lendhero is software: the licence stays yours. We set the platform up for the rules you operate under in the Maldives.

Hosting & data residency

Cloud or on-premise deployment, with data stored where national data rules requires.

Consent & privacy

Borrower consents are captured, versioned and logged under national data rules.

Pricing & disclosures

Rates, fees and cost-of-credit disclosures set per product for MMA rules.

Audit trail

Every decision, edit and message is logged for internal and external audits.

More markets in South Asia

All Asia markets

Questions

Frequently asked

Didn’t find the answer? Write to us and we’ll reply within one business day.

Can lendhero run a lending business in the Maldives?+

Yes. The platform is set up for MVR, Dhivehi and English and MMA requirements, with 12 local connectors ready on day one.

Which credit data sources are connected in the Maldives?+

Credit Information Bureau of the Maldives. On top of that, identity checks run through eFaas and Onfido and bank data comes from Bank statements.

How do borrowers get paid and repay?+

Payouts go out via Favara and Card in MVR. Repayments arrive via Card and Bank transfer, with reminders over Viber Business and WhatsApp Business.

How long does a launch in the Maldives take?+

Usually 1–2 weeks from kickoff to the first loan, including connecting 12 local services, product setup, staff training and a test run.

Can we run several countries on one platform?+

Yes. One installation serves several countries, each with its own currency, products, languages and local connectors.

Book a demo

Lending in Maldives? Let’s plan the launch.

We’ll walk you through the platform, show what matters for your products and answer questions about your business.

  • A 30-minute call
  • A walkthrough on your products and markets
  • Answers on timeline, integrations and pricing

Tell us about your lending

We reply within one business day.

By sending this form you agree that lendhero may contact you about your request. See our Privacy Policy.