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 / Advanced Salary Loan
Unsecured credit line to salaried individuals
Take control of your short-term cash flow needs with our fast and affordable loan designed for salaried employees.
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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
Easy & Convenient
Simple application process and flexible repayment terms.
Employer Guarantee
Your employer acts as your guarantor, giving you easy access to funds.
Benefits
Why you will love this?
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Quick Access to Cash: Get the funds you need when you need them, with a simple application process.
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No Collateral Needed: Your employer's guarantee and/or confirmation is all you need to secure your loan.
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Flexible Repayment Options: Choose to repay your loan in full when you receive your salary or spread out the payments over a few months, whichever suits your needs best.
Who can apply?
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Salaried employees with a minimum of 2 years of service with their employer, who is also a bank-approved guarantor.
Before you apply
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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.
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Service Charge: 1% - 2% on loan amount
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Loan Tenor: Six months
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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)
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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Business Name
info@mysite.com
Tel. 123-456-7890
500 Terry Francine Street
San Francisco, CA 94158
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FAQs
Common questions about Advanced Salary Loan
Unlike credit cards, which offer a revolving line of credit, an Advanced Salary Loan provides a one-time lump sum payment. Salary loans typically have lower interest rates than credit cards and a fixed repayment schedule, which can make them easier to budget for.
You can borrow up to 3 times your gross monthly salary subject to the bank’s decision.