Hire Purchase

Business Banking > Loans

Hire Purchase

Business Banking > Loans

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


Personal vehicles and Commercial vehicles

Agricultural machine and Construction equipment

Medical equipment and Hospital equipment

Heavy machinery



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


Down payment*Minimum 30% of asset value
Bank service charges*1% of loan amount
Insurance*Around 1.65% of asset value***
Loan TermMaximum 5 years based on the product type
Early payment*3%

* Rates may subject to change

(a) Upfront Method

Interest may subject to change depending on the type of asset as below

Monthly RepaymentQuarterly 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.

AssetMaximum Loan  Term
New Car5 years
Pre-owned Car3 years
New heavy machinery and equipment or agricultural machinery3 years
Pre-owned heavy machinery or agricultural machinery2 years

*Rates may subject to change



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.

NameCategoryContact Details
Myanmar Future Farm Group Co., Ltd.Agriculture MachineryJ/47-49 Thiri Yadanar Wholesale Compound, Thudhamma Road, North Okkalapa Township, Yangon. “[email protected]” 09976888388, 09972885030
Myanmar Phyo Co.,LtdAgriculture MachineryRoom(4), Kyweselkan Pwel Yone Tan, (6th Street), Pyigyitagon Township, Mandalay. “[email protected]” 09768088448, 09440049668
Shwe Htwet Toe Company LimitedAgriculture MachineryCorner 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 MachineryNo.(531), Myoma(3), Minn Road, Kawliya Ward, Pyuntasar, Nyaung Lay Bin. 09 5385712
Taung Paw Tharr Yee Shinn Co., Ltd.Agriculture MachineryBejing St, No.9/10, West Gyogone Ward, Insein Tsp, Yangon.

[email protected][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 MachineryNo 43-47, Ward 109, Kyan Sitthar Road, East Dagon Industrial Zone, Yangon. “[email protected]” 09777000980
Yoma Heavy Equipment Co.,Ltd.Agriculture Machinery, Heavy MachineryNo. 1159, FMI Cit Yangon-Pathein Main RoadHlaing Tharyar, Yangon Myanmar. “[email protected]” 09795767422 , 09765488598 , 09765488599
Myanmar New Power Motors Co., Ltd.Commercial Vehicle, Heavy MachineryNo.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 VehiclesNo. (410/A, 49-A56), No.(3) Main Road, Pale myot thit, Mingalardon Township. Yangon. 09450708660 , 09453500062
United Eleven Co., Ltd.Commercial VehiclesNo. 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 TradingHeavy MachineryNo. 12, 35St, Bet (62×63)St, Chan Aye Thar Zan Tsp, Mandalay. “[email protected]” 09979415160
Mount Zion Co.,LtdHospital EquipmentNo. 99, Zion Tower, Maharthukhitar Street, East Gyogone Ward, Insein Township, Yangon. “[email protected]” 092024496 , 09975722480
Aung Say PaingOffice EquipmentHa – 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 VehiclesNo. 1, Wingabar Street, Bahan Township, Yangon “[email protected]” 09443016530 , 0973036999 , 09798104418
Andaman AL Co., Ltd.Personal VehiclesNo. (62/B), Baho Road,Kan Khaung Ward, Myeik T/S “[email protected]” 0959254704257
Auto Hub Service Co., Ltd.Personal VehiclesNo. (42/43D), MikyaungKan, Part (3), Khaymarthi Road, Thingangyun Township. “[email protected]” 095197060
Auto Top Power Co.,LtdPersonal VehiclesNo. 15, Kabaraye Pagoda Road, Near Hnin Si Kone Bo Bwar Yeik Thar, Yangon. “[email protected] , [email protected]” 095157474 , 097851574742
Energy Plus Trading Co., LtdPersonal VehiclesNo. 3, Ywarma Kyaung St, Hlaing, Yangon. “[email protected]” 095113939, 09421109988
Forerunner Business Group Co., Ltd.Personal VehiclesA2/002, Zawtika Housing, Thingangyun, Yangon. “[email protected]” 09-5191986
Garmanit Services Co., Ltd.Personal VehiclesNo. 22, Thukhawadi Street, Yanking Tsp, Yangon. “[email protected]” 09750119655 , 095550888 , 09770338882 , 09770338884
Grand Sirius Co.,Ltd.Personal VehiclesNo. 8, Room 3, Joe PhyuSt, Mingalar Taung Nyunt. “[email protected]” 09751001126
Green Gate Services Co., LtdPersonal VehicleNo. 1193/1195, Thudamar Lan Ma Gyi, 2Qtr, North Okklar. “[email protected]” 09780807799 , 09443669999
Hyper Auto Co., Ltd.Personal VehicleNo. 3, YadanarMon (7) Street, Yadanar Mon Housing , Hlaing Tsp, Yangon. “[email protected]” 09775111123 , 09776111123
Hyundai MMM Co.,Ltd.Personal VehicleNo. (194/196), East Horse Race Course Road , Manaung Ward, Tamwe Township. “[email protected]” 095009887 , 09777773639
JPM Service Co., Ltd.Personal VehiclesNo (42-A), New University Avenue St,Bahan Township. Yangon. “[email protected] , [email protected]” 095173244 , 09792828100
Min Min Maung Services Co., Ltd.Personal VehiclesNo (19/20) , Baho Road , (7) Quarter, Kamaryut Township. “[email protected], [email protected]” 09773738585 , 09973738585 , 09963131777
Modern Trading Co.,Ltd.Personal VehiclesNo. 54, 130 street,Thapyay Kone,Mingalar Taung Nyunt. “[email protected]” 095400206
Myanmar Theingi Service Co., Ltd.Personal VehiclesS 165, Ayarwaddy Road, Zabuthiri Township, Naypyitaw. “[email protected]” 09450935550 , 09444440988
Myint Myat Maung Co., Ltd.Personal VehiclesNo, 206, Insein Street, 13 Ward, Hlaing Township. “[email protected]” 09965145313 , 09695145313
Naypyidaw Royal PrincessPersonal VehiclesNo. 3079, Yarzahtarni Road, Bawgawadi Ward, NayPyiTaw. “[email protected]” 09400465463 , 09-699048198 , 09694034896
Pann Pu Eain Co., Ltd.Personal VehiclesNo. 16/17), Ayeyarwun Road, Anawmar (1) Ward, (Near Anawmar Bus stop) Tharkayta Township. “[email protected]” 09775916816
PZ Car Sale Centre.Personal VehiclesNgu 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 VehiclesNo. 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 VehiclesNo. 1, Corner of Ta Yoat Tan Road & Phayargyi Rd, Yangon. “[email protected]” 09792130600
Shwe Phyo Phyo Co., Ltd.Personal VehiclesNo. 10, Waizayantar Road, (6) Ward, South Oakkalapa Township, Yangon. “[email protected]” 09457887777, 095280514, 09763015578
Suzuki PyayPersonal VehiclesNo. 239, Bogyoke Road, Ywarbel Ward, Pyay. “[email protected] , [email protected]” 095311913
Thilawun Services Co.,LtdPersonal VehiclesCorner 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 VehiclesNo. 1, Baho Road , (9) Ward, Hlaing Township, Yangon. “[email protected]” 095022577 , 09977109899
Ally Auto Services Company LimitedPersonal Vehicles, Commercial VehiclesNo. 277/278, NguWah Street, Palae(2) Ward, Mingalardon Township, Yangon. “[email protected]” 09250024825 , 09420023493
Century International Trading Co., Ltd.Personal Vehicles, Commercial VehiclesNo. (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 VehiclesNo. 34, Shwe Gone Thiri Street, 37 Ward, North Dagon, Yangon. “[email protected]” 09791555768 , 09777777528
Lucky Family Co., Ltd.Personal Vehicles, Commercial VehiclesNo. 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 VehiclesNo. 48, Taung Kyaung Street, Myoma Ward, Taunggyi. 09450050478
Tokyo Auto Co., Ltd.Personal Vehicles, Commercial Vehicles66 Street, Between 110 x 111, Chan Mya Thar Si, Mandalay. “[email protected]” 092036067 , 09962036067 , 09442036067, 092036067 , 09400150041
Shwe Tun Co., LtdAgriculture MachineryNo.(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 :

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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