Extra Loan
Target Customers:
Designed for members who have already taken a General Loan and have completed 5 months of repayment, as well as members who require additional financing to continue investing in and expanding their businesses.
Loan Term and Repayment Method:
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Loan Term
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Repayment Method
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Interest Rate
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Required Documents
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|---|---|---|---|
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12 months
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Repayment is made every two weeks for a total of 25 installments, with principal and interest paid in proportionate amounts.
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28% per annum
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Ward/Village Administrator's Recommendation Letter,
Copy of National Registration Card (NRC), Household Registration List, and Two passport-size photos. |
Loan Amount Limit:
The loan amount limit may vary annually. The maximum approved loan amount is up to MMK 400,000.
First loan: MMK 200,000
Second loan: MMK 250,000
Third loan: MMK 300,000
Fourth loan: Up to MMK 400,000
Social Welfare Fund Contribution: 0.5% of the loan amount.
Service and Documentation Fee: 2.5% of the loan amount.
Compulsory Savings: 4% of the loan amount.