SME Express Loan
Purchase new machinery, vehicles or any other fixed asset with Yoma Bank’s SME Express Loan. Our fast and straightforward financing will help your business grow and expand like never before.
Features and Benefits
Buy Immediately, Pay Over Time
With loan terms up to one year, repay high value purchases in your own time.
Amortized
The amount owed each month goes down as you repay
.
High Loan Limit
Access up to 1 billion MMK
Interest, Fees and Loan Term
| Maximum term |
36 months (3 years) |
| Loan limit |
999mn MMK |
| Interest* | 10 % per annum |
| Establishment fee | 0.25% |
| Renewal fee | 0.20% |
*Interest calculated daily and charged monthly
Collateral
- Real estate (land or building)
- Condominium
Requirements
Borrower or Co-borrower
- NRC original and copy
- Household registration original and copy
- Original ward recommendation letter (Proof of residence)
- 1 license photo
Business Documents
- Business license
- Receipts of revenue tax
- Financial statements
- Bank statement (Last one year)
- BOD resolution\ Meeting Minutes of loan
- Sale/ Summary and Sale vouchers (or) Purchase/ Summary and Purchase vouchers
For more information, please contact the nearest branches.
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