Hassle free personal loans for salaried individuals, with minimum monthly salary of MMK 250,000 & individuals with permanent source of income.
uab Personal Loans are offered at select locations in Yangon & Mandalay and the support of two (2) guarantors will be required.
Repayment period up to 3 years with monthly installments
Maximum Loan amount MMK 10 Mn.
a) Permanent employees , completed minimum 2 years of service in the following institutions
1. Government / Semi Govt institutions
2. Central Bank and other Banks in Myanmar
3. JV companies / Foreign Companies
4. Other reputed Myanmar companies
5. Government schools/colleges
6. Reputed private schools /colleges
Maximum 10 months gross salary subject to maximum loan of MMK 10 million
b) Individuals having other source of income such as business, self employed, doctors, lawyers, consultants , etc.
Personal Guarantees of two (2) guarantors.
Documents Required at the time of Application
1) Loan application for salary loan
2) KYC documents of borrower & Guarantors
3) Salary certificate/ Certificate from employer ( in case of employees)
4) Income proof , such as Income Tax return , Balance sheet , account statement etc ( in case of applicants other than employees)