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 |
1,000,000,000 MMK |
| Interest* | 10 % per annum |
| Establishment fee | 0.25% |
| Renewal fee | 0.20% |
*Interest calculated daily and charged monthly
Requirements
- Business license • Company registration
- Receipts of revenue tax for the past three years (up to 1 billion MMK loan)
- Receipts of revenue tax for the past one year (up to 300 million MMK loan)
- Financial statements for the past three years (up to 1 billion MMK loan)
- Financial statements for the past year (up to 300 million MMK loan)
Collateral
- Real estate (land or building)
- Condominium
Collateral Documents (required at a later date following application)
- Documents concerning the ownership of properties
- Grant, map and history of property
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