MVR 8.7 billion towards Lui Loan and credit cards

Statistics released by the central bank Maldives Monetary Authority indicates that banks have disbursed MVR 8.7 billion for 'Lui Loan' and credit cards. 

Lui Loan is a facility that offers fast financing support for personal banking customers. 

MMA data shows loans to private individuals rose 15 percent by the end of November 2025 compared to the year's start. 

In January 2025, the amount issued for loans and credit cards stood at MVR 7.6 billion. The amount increased by MVR 1.1 billion over the past 11 months. 

The past five years has seen a significant increase in amounts issued as loans and for credit cards. The biggest difference was seen between 2023 and 2024, with the figure having increased to MVR 1.7 billion. 

The amount taken as loans and for credit cards increased by 141 percent over the past five years. Banks issued MVR 3.6 billion to private individuals in 2020. 

Other than tourism, the highest amount in loans were issued by banks as lui loans and for credit cards. 

Loans issued by banks to date amount to MVR 47.4 billion. This is an MVR 1 billion increase from the figure at the start of the year.