Personal Loan

Hassle free Personal Loan for salaried individuals, with minimum monthly salary of MMK 250,000 & individuals with permanent source of income.

uab Personal Loans are offered at selected locations in Yangon & Mandalay. Attractive rate of interest, faster processing time and minimal paperwork. uab bank Personal Loan is the right choice for your instant needs.

Features

Repayment period up to 3 years with monthly installments.
Maximum Loan amount MMK 10 million.

Eligibility

a) Permanent employees, with completion of minimum 2 years service in the following institutions:

Government / Semi-Government institutions
Central Bank and other Banks in Myanmar
JV Companies / Foreign Companies
Other reputed Companies in Myanmar
Government schools/colleges
Reputed private schools /colleges

b) Individuals having other source of income such as; business, self employed, doctors, lawyers, consultants , etc.

c) Maximum 10 months gross salary/income subject to maximum loan amount of MMK 10 million

Requirements

a) Personal Guarantee of one colleague and one person having sufficient income to justify their guarantee.

b) Documents for Borrower & Guarantor

Application form
NRC Copy – Original to verify
Recent Passport Size Photo
Copy of Household Registration Letter
Recommendation letter from Head of Quarter

c) Income proof – If employed

Bank statement for 3 months
Certificate from Employer
Pay Slip ( not required , if salary is credited to bank account )
Copy of Tax Book

Fees and Charges

Interest Rate	15% p.a secured
Early Repayment fees	3% on prepaid amount (if paid during the first 2 years of loan period)
	2% on prepaid amount (if paid during the third year of loan period)
	1% on prepaid amount (if paid after 3 years of loan period)