Personal Loan
Hassle free Personal Loan for salaried individuals, with minimum monthly salary of MMK 250,000 & individuals with permanent source of income.
uab Personal Loans are offered at selected locations in Yangon & Mandalay. Attractive rate of interest, faster processing time and minimal paperwork. uab bank Personal Loan is the right choice for your instant needs.
Repayment period up to 3 years with monthly installments.
Maximum Loan amount MMK 10 million.
a) Permanent employees, with completion of minimum 2 years service in the following institutions:
b) Individuals having other source of income such as; business, self employed, doctors, lawyers, consultants , etc.
c) Maximum 10 months gross salary/income subject to maximum loan amount of MMK 10 million
- Government / Semi-Government institutions
- Central Bank and other Banks in Myanmar
- JV Companies / Foreign Companies
- Other reputed Companies in Myanmar
- Government schools/colleges
- Reputed private schools /colleges
b) Individuals having other source of income such as; business, self employed, doctors, lawyers, consultants , etc.
c) Maximum 10 months gross salary/income subject to maximum loan amount of MMK 10 million
a) Personal Guarantee of two colleagues or persons having sufficient income to justify their guarantee.
b) Documents for Borrower & Guarantor
c) Income proof – If employed
d) Income proof – If self employed / Business
b) Documents for Borrower & Guarantor
- Application form
- NRC Copy – Original to verify
- Recent Passport Size Photo
- Copy of Household Registration Letter
- Recommendation letter from Head of Quarter
c) Income proof – If employed
- Bank statement for 3 months
- Certificate from Employer
- Pay Slip ( not required , if salary is credited to bank account )
- Copy of Tax Book
d) Income proof – If self employed / Business
- Bank Statement for 6 months
- Business License/ Company Registration
- DICA extract showing shareholder details
- Previous Year Tax Receipt
- Site visit by bank staff and assessment of business activity
| Interest Rate | 15% p.a unsecured |
|---|---|
| 12% p.a secured | |
| Early Repayment fees | 3.00% on prepaid amount (if paid during the first 2 years of loan period) |
| 2.00% on prepaid amount (if paid during the third year of loan period) | |
| 1.00% on prepaid amount (if paid after 3 years of loan period) |