Apply uab home construction financing now : turn your dream blueprints into reality.
About Home Construction Loan
At uab bank, we understand that building your dream home is a significant and exciting journey.
Our home construction loans are designed to provide you with the support and flexibility needed to
bring your vision to life.
Key Benefits and Features
Longer tenor up to 15 years
Zero Service Charges
Pay interest on the loan used
Finance up to 70% construction cost
Repayment holidays on construction period
Develop vacant land or redevelop existing property.
Eligibility & Requirements
- Age: Must be 18 years or older.
- NRC Copy: Provide the original for verification.
- Minimum Monthly Income: MMK 1,000,000 or more, individually or as a family. Employment:
- Employment: Employees must have at least 2 years with their current employer.
- Income Proof: Submit an income statement and proof, such as an HR recommendation or pay slips. (If Employee)
- Business cashflow statements, sale and track record (if Business)
- Property Documents: Provide all relevant documents regarding the house property.
Monthly Repayment Calculator
Discover your estimated monthly payments with our Home Loan Repayment Calculator.
Fees & Charges
Interest : 12.5% per annum
Lawyer & Assessor Fees – 90,000 MMK
MMCB Fees – 12,000 MMK per application
Frequently Asked Questions
Disclosure
Explore our Home Loan flyer and conveniently downloadable application form here.