About Hire Purchase
Whether it’s a new car or commercial vehicle, finance your next purchase with Yoma Bank Hire Purchase. With a flexible payment schedule, Hire Purchase makes purchases easy and secure for both buyers and sellers.
Available Hire Purchase Products
Agricultural machine and Construction equipment
Medical equipment and Hospital equipment
Heavy machinery
Solar
Note
Assets must be purchased from a Yoma Bank authorized dealer
Eligibility & Requirements
to Open Loan
- Original NRC and Copy
- Original Household registration and Copy
- Original ward recommendation letter (Proof of residence)
- Income verification documents
- A personal guarantor might be required and he/she may need to bring the above documents
Before you applied check these information
Other Details of Hire Purchase
| Terms | |
| Down payment* | Minimum 30% of asset value |
| Bank service charges* | 1% of loan amount |
| Insurance* | Around 1.65% of asset value*** |
| Loan Term | Maximum 5 years based on the product type |
| Early payment* | 3% |
Note
* Rates may subject to change
(a) Upfront Method
Interest may subject to change depending on the type of asset as below
| Monthly Repayment | Quarterly or Semi-Annual Repayment |
| 1 year – 6%* | 1 year – 7%* |
| 2 years – 12%* | 2 years – 13%* |
| 3 years – 18%* | 3 years – 18%* |
*Rates may subject to change
(b) Equated Monthly Installment (EMI)
Interest is set at 10%* per annum.
| Asset | Maximum Loan Term |
| New Car | 5 years |
| Pre-owned Car | 3 years |
| New heavy machinery and equipment or agricultural machinery | 3 years |
| Pre-owned heavy machinery or agricultural machinery | 2 years |
*Rates may subject to change
Note
Repayment plans will vary monthly, quarterly and half-yearly depending on the type of vehicles and machinery.
Monthly repayment can be done over the counter, Wave Money Agent and Yoma Bank Mobile Banking Application.
All financed assets must be insured for the duration of the Hire Purchase term.
| Name | Category | Contact Details | |
 | Myanmar Future Farm Group Co., Ltd. | Agriculture Machinery | J/47-49 Thiri Yadanar Wholesale Compound, Thudhamma Road, North Okkalapa Township, Yangon. “[email protected]” 09976888388, 09972885030 |
 | Myanmar Phyo Co.,Ltd | Agriculture Machinery | Room(4), Kyweselkan Pwel Yone Tan, (6th Street), Pyigyitagon Township, Mandalay. “[email protected]” 09768088448, 09440049668 |
 | Shwe Htwet Toe Company Limited | Agriculture Machinery | Corner of Pimonin Road and Yangon-Pathein High Way Road, No 1944, Hlain Thar Yar Township, Yangon. “[email protected] , [email protected]” 095114869, 09973986715 |
 | Shwe La Yaung Trading Co., Ltd. | Agriculture Machinery | No.(531), Myoma(3), Minn Road, Kawliya Ward, Pyuntasar, Nyaung Lay Bin. 09 5385712 |
 | Taung Paw Tharr Yee Shinn Co., Ltd. | Agriculture Machinery | Bejing St, No.9/10, West Gyogone Ward, Insein Tsp, Yangon. “[email protected], [email protected], [email protected], [email protected], [email protected],[email protected], [email protected]” 09880812059 09750402022 |
 | Myan Shwe Pyi Tractors Ltd. | Agriculture Machinery, Construction Equipment, Heavy Machinery | No 43-47, Ward 109, Kyan Sitthar Road, East Dagon Industrial Zone, Yangon. “[email protected]” 09777000980 |
 | Yoma Heavy Equipment Co.,Ltd. | Agriculture Machinery, Heavy Machinery | No. 1159, FMI Cit Yangon-Pathein Main RoadHlaing Tharyar, Yangon Myanmar. “[email protected]” 09795767422 , 09765488598 , 09765488599 |
 | Myanmar New Power Motors Co., Ltd. | Commercial Vehicle, Heavy Machinery | No.54, Bayintnaung Street, Pearl (1) Quarter, No.3 Main Road, Mingalardon Township,No.517 (11/783), 78th Street, Yangon-Mandalay Road, Ayardaw Quarter, Pyigyitagon Township, Mandalay. “[email protected] , [email protected]” 09252884488 , 09252884488 , 09452333126 |
 | Shwe Tun Co., Ltd. | Commercial Vehicles | No. (410/A, 49-A56), No.(3) Main Road, Pale myot thit, Mingalardon Township. Yangon. 09450708660 , 09453500062 |
 | United Eleven Co., Ltd. | Commercial Vehicles | No. 310, Ngu War Street, Pearl 2 Ward, Mingalardon Township, Yangon Region. No 513/2, 35th Street,55×56 Street,Kan Kauk Quarter, Chan Aye Thar Zan Township, Mandalay. “[email protected] , [email protected]” 09794794692 09 77013537 |
 | Sein Shwe Kyauk Wheel Loader Trading | Heavy Machinery | No. 12, 35St, Bet (62×63)St, Chan Aye Thar Zan Tsp, Mandalay. “[email protected]” 09979415160 |
 | Mount Zion Co.,Ltd | Hospital Equipment | No. 99, Zion Tower, Maharthukhitar Street, East Gyogone Ward, Insein Township, Yangon. “[email protected]” 092024496 , 09975722480 |
 | Aung Say Paing | Office Equipment | Ha – 15 (35+46)/ 74 Str / Bet: 116 x 117 Str,Pyigyitagon Tsp, Mandalay. “[email protected]” 09 781999555 , 09781555999 , 09784555999 , 09785555888 |
 | 999 Tiger Co., Ltd. | Personal Vehicles | No. 1, Wingabar Street, Bahan Township, Yangon “[email protected]” 09443016530 , 0973036999 , 09798104418 |
 | Andaman AL Co., Ltd. | Personal Vehicles | No. (62/B), Baho Road,Kan Khaung Ward, Myeik T/S “[email protected]” 0959254704257 |
 | Auto Hub Service Co., Ltd. | Personal Vehicles | No. (42/43D), MikyaungKan, Part (3), Khaymarthi Road, Thingangyun Township. “[email protected]” 095197060 |
 | Auto Top Power Co.,Ltd | Personal Vehicles | No. 15, Kabaraye Pagoda Road, Near Hnin Si Kone Bo Bwar Yeik Thar, Yangon. “[email protected] , [email protected]” 095157474 , 097851574742 |
 | Energy Plus Trading Co., Ltd | Personal Vehicles | No. 3, Ywarma Kyaung St, Hlaing, Yangon. “[email protected]” 095113939, 09421109988 |
 | Forerunner Business Group Co., Ltd. | Personal Vehicles | A2/002, Zawtika Housing, Thingangyun, Yangon. “[email protected]” 09-5191986 |
 | Garmanit Services Co., Ltd. | Personal Vehicles | No. 22, Thukhawadi Street, Yanking Tsp, Yangon. “[email protected]” 09750119655 , 095550888 , 09770338882 , 09770338884 |
 | Grand Sirius Co.,Ltd. | Personal Vehicles | No. 8, Room 3, Joe PhyuSt, Mingalar Taung Nyunt. “[email protected]” 09751001126 |
 | Green Gate Services Co., Ltd | Personal Vehicle | No. 1193/1195, Thudamar Lan Ma Gyi, 2Qtr, North Okklar. “[email protected]” 09780807799 , 09443669999 |
 | Hyper Auto Co., Ltd. | Personal Vehicle | No. 3, YadanarMon (7) Street, Yadanar Mon Housing , Hlaing Tsp, Yangon. “[email protected]” 09775111123 , 09776111123 |
 | Hyundai MMM Co.,Ltd. | Personal Vehicle | No. (194/196), East Horse Race Course Road , Manaung Ward, Tamwe Township. “[email protected]” 095009887 , 09777773639 |
 | JPM Service Co., Ltd. | Personal Vehicles | No (42-A), New University Avenue St,Bahan Township. Yangon. “[email protected] , [email protected]” 095173244 , 09792828100 |
 | Min Min Maung Services Co., Ltd. | Personal Vehicles | No (19/20) , Baho Road , (7) Quarter, Kamaryut Township. “[email protected], [email protected]” 09773738585 , 09973738585 , 09963131777 |
 | Modern Trading Co.,Ltd. | Personal Vehicles | No. 54, 130 street,Thapyay Kone,Mingalar Taung Nyunt. “[email protected]” 095400206 |
 | Myanmar Theingi Service Co., Ltd. | Personal Vehicles | S 165, Ayarwaddy Road, Zabuthiri Township, Naypyitaw. “[email protected]” 09450935550 , 09444440988 |
 | Myint Myat Maung Co., Ltd. | Personal Vehicles | No, 206, Insein Street, 13 Ward, Hlaing Township. “[email protected]” 09965145313 , 09695145313 |
 | Naypyidaw Royal Princess | Personal Vehicles | No. 3079, Yarzahtarni Road, Bawgawadi Ward, NayPyiTaw. “[email protected]” 09400465463 , 09-699048198 , 09694034896 |
 | Pann Pu Eain Co., Ltd. | Personal Vehicles | No. 16/17), Ayeyarwun Road, Anawmar (1) Ward, (Near Anawmar Bus stop) Tharkayta Township. “[email protected]” 09775916816 |
 | PZ Car Sale Centre. | Personal Vehicles | Ngu Shwe War Road, Between 68 *639, South MandalarThiri Football Stadium, Chan Mya Thar Si Tsp, Mandalay. “[email protected] , [email protected]” 09444641122 , 09792013202 |
 | Royal Mega Six Co.,Ltd. | Personal Vehicles | No. 96, Pearl St, Industrial Zone (3) , Shwe Pyi Thar Township, Yangon. “[email protected] , [email protected]” 09443364466, 09443364477 , 095102715 , 09899860000 |
 | Royal (Taw Win) Co., Ltd. | Personal Vehicles | No. 1, Corner of Ta Yoat Tan Road & Phayargyi Rd, Yangon. “[email protected]” 09792130600 |
 | Shwe Phyo Phyo Co., Ltd. | Personal Vehicles | No. 10, Waizayantar Road, (6) Ward, South Oakkalapa Township, Yangon. “[email protected]” 09457887777, 095280514, 09763015578 |
| Suzuki Pyay | Personal Vehicles | No. 239, Bogyoke Road, Ywarbel Ward, Pyay. “[email protected] , [email protected]” 095311913 | |
 | Thilawun Services Co.,Ltd | Personal Vehicles | Corner of Ahlone Road and Strand Road, Infront of Sweety Home, Ahlone Township, Yangon. “[email protected] , [email protected]” 0943260787, 095002324 |
 | Wun Yan Kha Services Co., Ltd. | Personal Vehicles | No. 1, Baho Road , (9) Ward, Hlaing Township, Yangon. “[email protected]” 095022577 , 09977109899 |
 | Ally Auto Services Company Limited | Personal Vehicles, Commercial Vehicles | No. 277/278, NguWah Street, Palae(2) Ward, Mingalardon Township, Yangon. “[email protected]” 09250024825 , 09420023493 |
 | Century International Trading Co., Ltd. | Personal Vehicles, Commercial Vehicles | No. (has-2), 35 Str, Bet 70*71 Str, Block No-700, Yan Myo Lone Ward, Chan Aye Thar Zan Township, Mandalay. “[email protected]” 09777456456 , 09777678678 |
 | Hundred of Moon Co., Ltd. | Personal Vehicles, Commercial Vehicles | No. 34, Shwe Gone Thiri Street, 37 Ward, North Dagon, Yangon. “[email protected]” 09791555768 , 09777777528 |
 | Lucky Family Co., Ltd. | Personal Vehicles, Commercial Vehicles | No. 23/A, No(3) Main Road, Thit Seint Kone Ward, Thingangyungyi Village Group, Mingalardon Township, Yangon. “[email protected]” 09450750003 , 09263111109 , 09261079711 |
 | San Ngwe Trading Ltd. | Personal Vehicles, Commercial Vehicles | No. 48, Taung Kyaung Street, Myoma Ward, Taunggyi. 09450050478 |
 | Tokyo Auto Co., Ltd. | Personal Vehicles, Commercial Vehicles | 66 Street, Between 110 x 111, Chan Mya Thar Si, Mandalay. “[email protected]” 092036067 , 09962036067 , 09442036067, 092036067 , 09400150041 |
 | Shwe Tun Co., Ltd | Agriculture Machinery | No.(5), Thirimon plaza- 3 rd Street, Mayangone Township, Yangon. 09261071656 |
For more information, please contact the nearest branches.
Hire Purchase
Frequently Asked Questions
These are :
- SME Express Loan
- Distributor Loan
- Invoice Financing
- Transactor Loan
- Business Overdraft
- Business Loan
- Hire Purchase
- SMART Credit Business
For more information, please contact to Yoma Bank 24/7 call center – 9662 or 097 9662 9662 or Yoma Bank official Facebook page or go to nearest branch during the operation hour and do not forget to bring NRC/Passport.
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