Secured Personal Term Loan with Pledged Immovable Properties
What We Offer
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Competitive Interest: Earn up to 8.5% p.a. on your daily balances, with interest deposited into your account quarterly.
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Unlimited Transactions: Make deposits, withdrawals, and transfers with no restrictions, giving you full control over your finances.
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Branch and Digital Access: Easily manage your account at any of our branches or through our convenient online and mobile banking platforms.
Is This Account Right For You?
This account is perfect for individuals in Myanmar who:
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Want a convenient and flexible account for daily transactions.
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Seek to earn competitive interest on their savings.
Personal Loans / Car Loan
Hassle-free Car Loan with low down payment
Get behind the wheel of your dream car sooner with our low down payment, competitive interest rates, and flexible loan terms up to 5 years.
Budget-Friendly Payments
Spread out the cost of your vehicle up to 5 years with manageable installments.
Low Barrier to Entry
Start enjoying your new car with a smaller initial investment. The initial down payment starts from 30%.
Attractive Interest Rate
Enjoy the interest rates as low as 13% p.a.
Benefits
Why you will love this?
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Low Down Payment: Drive away with just a 30% down payment.
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Affordable Rates: Get interest rates as low as 13% p.a.
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Flexible Terms: Choose a loan term of 1 to 5 years to fit your budget.
Who can apply?
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Anyone with sufficient income to cover the loan payments.
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Interest Rate: as low as 12% p.a.
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Service Charge: 1% – 2% on loan amount
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Loan Tenure: 1 – 3 years
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Penalty Fee: up to 3% p.a.(charged daily on overdue days)
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Pre-Closure Charge: Up to 4% on prepaid amount
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Interest Rate: as low as 13% p.a. (Amortization)
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Service Charge: 1% - 2% on loan amount
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Down Payment: Minimum 30% of the asset value
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Loan Amount: Maximum 70% of the asset value
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Loan Tenor: 1 to 5 years
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Penalty Fee: up to 3% p.a. (charged daily on overdue days)
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Pre-Closure Charge: Up to 4% on prepayment amount
Before you apply
Interest Rate
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Below 100 million MMK – 8.0% p.a.
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100 million MMK and above – 8.5% p.a.
⦁ No account opening fee
⦁ Account Maintenance Fee of 1,500MMK will be charged if there is no activity for one year.
PERSONAL LOANS
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CALCULATE YOUR INTEREST
Savings Calculator
Deposit Type
High-Yield Savings Accounts
Total interest you can earn on
23,000,000 Ks
PERSONALS LOANS
Related Products
HP Loan
Own a variety of products with our HP Loan
Home Loan
Home Loan for Purchase, Construction and Renovation of Condominium, Apartment and House
Home Construction/Renovation Loans
Quick access to funds during the approved tenure
Coming Soon
CALCULATE YOUR INTEREST
Savings Calculator
Deposit Type
High-Yield Savings Accounts
Total interest you can earn on
23,000,000 Ks
CALCULATE YOUR INTEREST
Loan Calculator
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FAQs
Common questions about Car Loan
Yes, having comprehensive car insurance is a requirement for our Car Loan. This protects both you and the bank in case of accidents or damage to the vehicle.
The bank-appointed qualified assessor will evaluate the car's condition, age, mileage, and market value to determine its fair price. This ensures you're getting a loan amount that aligns with the car's actual worth.
Yes, our Car Loan can be used to purchase both new and used vehicles, though terms may vary for used cars.
Yes, you can! We work with various dealers. Contact your nearest branch relationship manager to discuss your options and the purchasing process.