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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 / Single Premium Credit Life Insurance
Single premium credit life insurance provides insurance coverage for loan takers who are at the risk of loan default due to death or total permanent disability.
Turn your dream of homeownership into reality with our competitive interest rates, flexible repayment terms, and low down payment options.
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Death
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Total Permanent Disability
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Commit suicide within 1 year of insurance period
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Intentional self-harm
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Being disabled due to suicide attempt
Benefits
What You Get
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Loan Coverage
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Financial security for you and your family members
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Tax savings plan
Key Features
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Policy Term: 3 years – 15 years
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Get started with 1,000,000 Kyats or up to 300,000,000 Kyats
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Insurable Age: 18 – 62 years old
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Beneficiary: Bank or Microfinance or Lending Institutions
Exclusions
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 Single premium credit life insurance
Upon loan taker’s Death or Total Permanent Disability before full repayment of the loan, his/her dependents are protected from taking up liabilities that they were not a party to and/or privy to and from the loss of the mortgaged property.
Lenders (Bank or Microfinance or Financial Institution)
The Sum Insured and Coverage Period will be loan amount and loan term.
The Sum Insured and Coverage Period will be loan amount and loan term.
Yes.
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