Exchange Rate-13/Nov/2019USD : Buy 1514, Sell 1520 EUR Buy 1664, Sell 1674 SGD : Buy 1105, Sell 1115

Home Loan

 
 

Our dream home is never far away!

Get hassle free home loans from uab bank  to turn your dream home into reality. We assist you to realize your dream home.

uab Home Loan scheme is available for:

  • Purchase of houses, condos and apartments
  • Acquistion of land and construction of houses
  • Renovations to house, condos and apartments 

         

 

Avail your Housing Loan from us at flexible terms and conditions .

  • Features

    • Repayment period up to 15 years.
    • Repayable on monthly installments ,
    • Repayment Holiday-  Max up to 6 months , in case of construction/ renovation of the house .
  • Eligibility

    • Individuals having permanent source of  income such as employees , business men , professional etc. 
    • Loan amount up to 70% of the project cost of the construction/ purchase
    • The Loan eligibility will be adjusted to ensure that total  Monthly instalments from all loans (uab  plus other banks)  should not exceed 1/3 of gross monthly  salary / monthly income as per proof given.
    • Minimum monthly income: MMK 1,000,000
  • Security

Mortgage of land/house/apartments/Condo to be purchased/ constructed/renovated

 

  • Documents Required at the time of Application

a) Loan  application for  Housing  loan

b) KYC documents  of borrower & Guarantors

c) Salary certificate/Certificate from  employer ( in case of employees)

d) Income proof, such as Income Tax return , Balance sheet , account statement etc ( in case of applicants other than employees)

e) Details of property to be constructed/purchased

f) Stage wise construction cost details, in case of construction/renovation of house etc.

 

           

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