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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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Pre-Closure Charge: Up to 4% on prepaid amount
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Penalty Fee: up to 3% p.a. (charged daily on overdue days)
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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
Before you apply
Simplified Payments
Streamline your payment processes with the ease and security of cheques.
Financial Flexibility
Access an overdraft facility to manage cash flow fluctuations (subject to approval).
Benefits
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.
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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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No account opening fee
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Cheque Book fee (25 pages) – 2500 MMK
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Stamp duty Fee – 125 MMK per cheque book
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Account Maintenance Fee of 1,500 MMK will be charged if there is no activity for one year.
Before you apply
Related Products
BUSINESS CORPORATE
Monthly Statements
Monthly Statements
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Certified Cheque Book
Certified Cheque Book
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Business ATM Card
Business ATM Card
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Overdraft Facility
Machinery Financing Loan for your business’ heightened efficiency
Business Term Loan
Business Vehicle Loan for your business’ heightened efficiency
Coming Soon
CALCULATE YOUR INTEREST
Savings Calculator
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Cheques offer a secure and convenient way to make payments, especially for larger transactions. They provide a clear record of payment and can be easily tracked.
No, there are no limits on the number or amount of deposits and withdrawals you can make.
Yes, you can apply for an overdraft facility, subject to eligibility and approval. Our SME Banking team will assess your business's financial standing and cash flow to determine your eligibility.
FAQs
Common questions about SME Current Account
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.
SME Accounts / SME Current Account
SME Current Account
Simplify your company's day-to-day finances with our non-interest-bearing SME Current Account. Designed for seamless transaction management, this account offers the convenience of cheque writing and the potential for an overdraft facility to meet your working capital needs.
What We Offer
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Cheque Convenience: Make payments quickly and easily with cheques, at no additional cost.
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Unlimited Transactions: Enjoy unrestricted deposits and withdrawals, giving you full control over your funds.
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Overdraft Access: Apply for an overdraft facility to cover short-term cash flow needs (subject to eligibility).
Is This Account Right for Your Business?
This account is ideal for businesses registered in Myanmar that:
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Prioritize convenient and efficient transaction management.
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Frequently use cheques for payments.
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May require occasional short-term financing through an overdraft.