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Supply Chain FinancingAbout Solar Financing
Securing a reliable, long-term power supply for your home and business is the key to uninterrupted progress and productivity. To make cost-effective energy accessible to everyone, Yoma Bank offers Solar Financing. Invest in solar energy with confidence without worrying about heavy upfront costs and secure a reliable, long-term solution for your home or business energy needs.
Key Features and Benefits
Convenient Installment Options
Simple & Easy Process
Customizable Solar Packages
Flexible Repayment Terms
Savings on Electricity Bills
Loan Application
Requirements
Borrower and Co-borrower
- Original NRC and a copy
- Original Household Registration and a copy
- Original ward recommendation letter (proof of residence)
- 1 license photo (To open customer settlement account)
Business Documents
- Business license
- Revenue tax receipts
- Financial statements
- Bank statements (last one year)
- BOD resolution/Meeting minutes
- Sales vouchers or purchase vouchers, along with summaries
Collateral
- Land
- Land & Building
- Condominium
- Apartment
Existing Yoma Bank borrowers (Business or Home Loan) do not need to provide additional collateral and can apply via Cross-Collateralization.
Before you apply, please review the following information
Solar Financing Details
| Terms | |
| Loan Type | Hire Purchase |
| Down payment* | Minimum 30% ~ 50% |
| Interest* | 13% p.a. (or) 15% p.a. |
| Establishment Fees* | 1 % on loan amount |
| Loan Term | Up to 1 to 3 years |
| Maximum Limit | Up to 100 million (without collateral), Up to 200 million (with collateral) |
| Usage | Residential / Commercial / Agriculture |
* Rates may subject to change
| No. | Showroom Name | Contact Details |
| 1 | Galactic Royal Rays | No. (29/B), Myittar Main Road, 11 Ward, South Okkalapa Tsp, Yangon. Ph: 09250065512, 09740978223, 09954230484 |
Solar Financing
Frequently Asked Questions
Myanmar citizens with a regular monthly income are eligible to apply.
- Personal Banking (Individuals): Employees of companies or organizations with a regular monthly income, or individuals with their own regular source of income.
- Business / SME Banking (Businesses): Business owners from various sectors, including factories, workshops, warehouses, retail stores, hospitals, schools, agriculture, livestock farming, and other businesses, are eligible to apply.
Only the following brands are eligible for purchase under the Hire Purchase installment payment scheme.
Solar and Related Equipment Brands Available under the Hire Purchase Scheme
- Solar Panel Brands: Jinko, Longi, Huasan, JA, Trina, TW Solar, Qcells
- Battery & Inverter Brands: Deye, SMA, Solis, Growatt, Mitsu, MUST, Sigenergy, SRNE, SANDISOLAR, Huawei, DAPA Power, GoodWe, Felicity, Opti-Solar, Lux Power, Dyness, LV Topsun, Shark Topsun, Eenovence, Suness
Yes. Insurance is required if the financing includes all three components of the solar system: solar panels, battery, and inverter.
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