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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
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.
Insurance / Short Term Endowment Life Insurance
Short Term Endowment life insurance aims to provide financial assistance in case of unanticipated events as well as to save a predetermined amount of money after a certain period.
Protecting yourself means protecting your family. With a life insurance plan like the Short Term Endowment Life Insurance, you can secure your family's future with financial protection against death or total and permanent disability. Get the peace of mind you deserve in any situation.
Turn your dream of homeownership into reality with our competitive interest rates, flexible repayment terms, and low down payment options.
Business Name
info@mysite.com
Tel. 123-456-7890
500 Terry Francine Street
San Francisco, CA 94158
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Cookie Policy
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Death
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Maturity
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Total Permanent Disability
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Death
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Due to voluntarily committing suicide within one year of policy term.
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Due to undisclosed pre-existing illness or disease within one year of policy term.
Total Permanent Disability
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Intentional self-harm
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Suicide attempt
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Abuse of narcotic drugs
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Take illegal medicine/tablets
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Involvement in a criminal case.
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Undisclosed pre-existing illness or disease
Benefits
What You Get
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Financial security
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Good savings habit
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Tax savings plan
Key Features
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Policy Term: 5 years, 7 years, 10 years (As you choose)
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Premium Term: 5 years, 7 years, 10 years
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Get started with 1,000,000 Kyats or up to 50,000,000 Kyats
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Insurable Age: 10 – 60 years old
Exclusions
PERSONAL LOANS
Related Products
Home Equity Loans
Home Equity Loans
Coming Soon
Coming Soon
Home Construction / Renovation Loans
Home Construction / Renovation Loans
Insurance Calculator
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FAQs
Common questions about Short-Term Endowment life insurance
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Tax Deductible
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Maturity Benefit
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Death
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Total Permanent Disability
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Surrender value (if a policy holder decides to exit the policy before maturity)
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Paid-up policy (the policy holder decides not making payment anymore but will get the Paid- Up Value [less than paid premium] back when the policy is mature)
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The policy duration can be 5 years/7 years/10 years.
Yes, medical check-up is required based on the age of the applicant and sum insured amount.
The exclusion lists are as below:
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Intentional self-harm
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Suicide attempt – within 1st year of the policy
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Abuse of narcotic drugs
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Take Illegal medicine/ tablets
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Death or Total Permanent Disability due to an involvement in a commit crime and
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Undisclosed pre-existing illness or disease within 1st year of the policy
*For above cases, policyholder will receive back only the total premium paid
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CALCULATE YOUR Insurance Benefit