Facility against deposits
Need loans against your deposits in uab bank?
It is an easy option for you to use money for urgent needs without breaking your deposits. uab bank provides you a term loan or overdraft against your deposits with the bank to meet your urgent and unforeseen personal expenses.
- Up to 95% of the deposit amount, if pledged deposit is in MMK
- Up to 80% of deposits if pledged deposit is in USD / other foreign currencies
All type of customers, who is the owner of the Fixed Deposit / CASA are eligible for this loan facility. If the borrower is not the owner of the Fixed Deposit / CASA account, loan can be considered, if the owner of the deposit / CASA account guarantee the loan and pledge Fixed Deposit / CASA by signing required documents.
Fixed Deposit or CASA Account earmarked for repayment of the loan.
- Application form
- Details of deposit to be pledged
|Interest rate||10.00% p.a (MMK)||7.00% p.a (USD)|