General Loan
Designed primarily for employees.
Interest rate: 28% per annum.
Repayment is made through 10 equal principal and interest installments over a 10-month period.
Maximum loan amount: MMK 2,000,000
Designed primarily to support low-income individuals and underserved communities.
Interest rate: 28% per annum.
Repayment is made through equal principal and interest installments, either 12 times or 25 times per year.
Maximum loan amount: MMK 800,000
Staff Loan (General Loan)
Target Customers : Designed for currently employed private sector employees and government employees.
Loan Term and Repayment Method
|
Loan Term
|
Repayment Method
|
Interest Rate
|
Required Documents
|
|---|---|---|---|
|
10 months
|
Repayment is made through equal monthly principal and interest installments over 10 payments.
|
28% per annum
|
• Ward/Village Administrator's Recommendation Letter
• Copy of National Registration Card (NRC) • Copy of Household Registration List • Employee ID Card • Recommendation Letter from the HR Department or Branch Manager • Bank Statement (if a recommendation letter is unavailable) |
Loan Amount
The eligible loan amount may vary from year to year. The maximum loan amount is up to MMK 2,000,000.
First loan: Up to 2 times the employee’s basic salary.
Second loan: Up to 2.5 times the employee’s basic salary.
Third and subsequent loans: Up to 3 times the employee’s basic salary.
**Minimum eligible basic salary: MMK 50,000.
|
Salary Range
|
Recognized Salary Amount
|
|---|---|
|
MMK 100,000 – 149,999
|
MMK 100,000
|
|
MMK 150,000 – 199,999
|
MMK 150,000
|
|
MMK 200,000 – 249,999
|
MMK 200,000
|
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.
Employment Verification
The applicant must agree to the verification of their employment status. Verification may be conducted by contacting the employer by telephone or by visiting the workplace, as deemed necessary. The loan application will proceed only after the employer has officially confirmed the applicant’s employment by signing and affixing the company stamp to the employment verification form.
General-Loan
Target Customers – Designed for low-income and middle-income individuals.
Loan Term and Repayment Method
|
Loan Term
|
Repayment Method
|
Interest Rate
|
Required Documents
|
|---|---|---|---|
|
12 months
|
Repayment is made through proportional principal and interest installments, either 12 times or 25 times, on a bi-weekly basis.
|
28% per annum
|
• Ward/Village Administrator's Recommendation Letter
• Copy of National Registration Card (NRC) • Household Registration List • Two passport-size photos |
Loan Amount Limit
The eligible loan amount may vary from year to year. The maximum approved loan amount is up to MMK 800,000.
First loan: MMK 400,000
Second loan: MMK 500,000
Third loan: MMK 600,000
Fourth loan and above: Up to MMK 800,000
Fees and Savings
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.