Own Your Purchase with uab Hire Purchase!
About Hire Purchase
Hire purchase is a financing option that allows
consumers to purchase goods by paying an initial
down payment and the remainder through
monthly installments. This facility is ideal for
consumer goods such as electronic items, home
appliances, solar etc., available from authorized
dealers who are linked with uab.
Why Choose us?
- Convenient Down Payment: Only 30% to take home your goods.
- Flexible Tenor: Repay over up to 1 year.
- Easy Application: Apply through uab’s authorized dealers.
- Quick Approval: Fast approval for swift access to your products.
- Simple EMI Payments: Manage installments easily with uab pay.
Key Benefits and Features
Easy Application from uab’s dealers
Tenor up to 1 year
Quick Approval Process
30% Down Payment
Easy EMI payment through uab pay
Partial Repayment Options
Eligibility & Requirements
- Age: Must be 21 years or older.
- Minimum Monthly Income: MMK 200,000.
- Employment: Employees must have at least 2 years with their current employer.
-
Income Proof:
If Employee, an income statement and proof such as an HR recommendation, pay slips or proof of salary.
If Business, Business cashflow statements, sale and track record. - Property Documents: Provide all relevant documents regarding the house property
Monthly Repayment Calculator
Discover your estimated monthly payments with our Home Loan Repayment Calculator.
Fees & Charges
Interest : 14.5% per annum
Service Charges – 1%
MMCB Fees – 12,000 MMK per application
Frequently Asked Questions
Disclosure
Explore our conveniently downloadable application form here.
