Exchange Rate-29/Jan/2020USD : Buy 1464, Sell 1469 EUR Buy 1580, Sell 1610  SGD : Buy 1073, Sell 1083

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

  • Requirements Details 

Personal Information from Borrower & Guarantors 

  • 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

Salary Employed

  • Employment Confirmation Letter 
  • Salary Slip ( minimum 3 months )
  • Bank statement (minimum 3 months )
  • Professional License (such as Doctor License, Seaman’s CDC)

Self Employed  

  • Business License or Company License 
  • Registration Certificate & Constitution of the company 
  • Memorandum and Articles of Association 
  • Operating Bank statement (minimum 6 months )
  • Financial Statements  ( for 2 years ) 
  • Tax Receipts (for  2 years) 

           

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