Hire Purchase

Personal Banking > Loans

Hire Purchase

Personal Banking > Loans

About Hire Purchase

Whether it’s machinery or equipment, finance your next purchases with Yoma Bank Hire Purchase. With a flexible payment schedule, Hire Purchase makes buying easy and secure for both buyers and sellers.

Available Hire Purchase Products

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Agricultural Machines

Commercial Vehicle

EV Car

Personal Vehicle

Generators and Engines

Heavy Machinery

Medical Equipment

Printing Machines

Solar Equipment

Note

Assets must be purchased from a Yoma Bank authorized dealer

Loan Application Requirements

  • Original NRC and a copy
  • Original Household Registration and a copy
  • Original ward recommendation letter (Proof of residence)
  • Income verification documents
  • A personal guarantor may be required, and he/she may need to bring the above documents
requirement

Before you apply, please review the following information

Hire Purchase Details

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Terms
Down payment*Minimum 30% of asset value
Interest*13% per annum
Establishment Fees*1% loan amount
Insurance*Approximate 1.65% of asset value
Loan TermUp to 5 years
Repayment TermEqual Monthly Installment (EMI)

* Rates may be 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, through Wave Money Agents, or via the Yoma Bank Next Application.

All financed assets must be insured for the duration of the Hire Purchase term.

 

No.Showroom NameCategoryContact Details
1.Aung Say PaingPrinting MachineHa.15(35+46), 74th Street, Between Kywesekan Street & Kyan Sisthar Street, Pyi Gyi Tagon Township, Mandalay Region.
Ph: 09 788888555, 09 785555888, 09 781999555
2.Bobby Car Sales & ServicesPersonal VehiclesNo.(43, D), Khay Mar Thi Lane (2), Mi Chaung Kan Division (3), Thingangyun Township, Yangon, Myanmar.
Ph: 09 781999555
3.ConcordiaMedical EquipmentGround Floor , Building 11, MICT Park, Yangon, Myanmar.

Ph: 09 974060145

4.Energy Plus Car Sale CenterPersonal VehiclesNo. 3, Ywarma Kyaung Street, Hlaing Township, Yangon, Myanmar.

Ph: 09 420081613

5.Forerunner Business GroupPersonal VehiclesRm 1, Bldg 4, Aung Myittar St., Kyee Pwar Yae Housing, Thingangyun Township, Yangon, Myanmar.

Ph: 09 797724878

6.GEELY MyanmarPersonal Vehicles,

Commercial Vehicles

No.3, Yangon-Insein Road, 12 Ward, Hlaing Township, Yangon, Myanmar.

Ph: 09 957788994

7.Glory MotorsPersonal VehiclesCorner of Pinlon Street & Thinwin Street, No.1(A)+1(B), 33 Ward, North Dagon Township, Yangon, Myanmar.

Ph: 09 678000141

8.Green GatePersonal VehiclesNo.1193-5, Thudamar str,2 Qtr, North Okklarpa Township, Yangon, Myanmar.

Ph: 09 5521255, 09 785521255

9.HM Valued PropertyPersonal Vehicles,

Commercial Vehicles

No-(11/12), Min Nandar Road, Dawpone, Thakayta Township, Yangon, Myanmar.

Ph: 09 753303074, 09 777887589

10.Hyper AutoPersonal VehiclesNo(3), Yadanarmon 7th Street, Yadanarmon Housing, Hlaing Township, Yangon, Myanmar.

Ph: 09 777391681

11.Hyundai MMMPersonal VehiclesNo.(194/196), East Horse Race Course Road & Shwe Wah Street, Mhanaung Quarter, Tamwe Township, Yangon, Myanmar.

Ph: 09 777773639

12.ICON AUTOPersonal Vehicles,

Commercial Vehicles

No.(590/1), 74th Street, Taung Myint, Pyi Gyi Tagon Township, Mandalay Region, Myanmar.

Ph: 09 766666697

13.Jasper Car Sales CenterPersonal VehiclesCorner of Ahlone Road and Strand Road, Infront of Sweety Home, Ahlone Township, Yangon, Myanmar.

Ph: 09 784508375 , 09 443676432

14.JPMPersonal Vehicles,

Commercial Vehicles

New University Revenue Road, No.42(A), Bahan Township, Yangon Region, Myanmar.

Ph: 09 792828100

15.KIA MMMPersonal VehiclesNo.(139)/C, University Avenue Road, Karmaryut Township , Yangon, Myanmar.

Ph: 09 772858585, 09 454875876

16.KIA Motors Union GroupPersonal Vehicles,

Commercial Vehicles

No.(12/A), Waizayandar Road, Thingangyun Township, Yangon, Myanmar.

Ph: 09 960600911

17.KIA MTS, Suzuki Myanmar TheingiPersonal VehiclesNo.2, Anawmar (1) Quarter, Ayeyarwun Road, Tharkayta Township, Yangon., S 165, Ayarwaddy Road, Zabuthiri Township, Naypyitaw Region, Myanmar.

Ph: 09 799499099, 09 450935550

18.King Prize AutoPersonal VehiclesNo.(V23), Myakanthar (4) Street, (5) Ward, Hlaing Township, Yangon, Myanmar.

Ph: 09 795633480

19.MATM-Changan AutoPersonal Vehicles, EV,

Commercial Vehicles

No.38, Mindhamma Road, Mayangone Township, Yangon, Myanmar.

Ph: 09 400111405

20.Max GloryPersonal Vehicles,

Commercial Vehicles

Compound No (50), Aye Yeik Mon Lan Twal 2nd Street, Hlaing Tsp, Yangon, Myanmar.

Ph: 09 421464125

21.MG MotorPersonal Vehicles, EVNo.52, Sayarsan Road, Bahan Township, Yangon, Myanmar.

Ph: 09 43134137

22.MK2 AutoPersonal VehiclesNo. 25 Parami Rd, Near Chaw Twin Kone Junction, South Okkalapa Township, Yangon, Myanmar.

Ph: 09 5507115

23.MMM Car Sales CenterPersonal VehiclesNo (19/20) , Baho Road, (7) Quarter, Kamaryut Township, Yangon, Myanmar.

Ph: 09 421023378, 09 978338337

24.MMP Car Show RoomPersonal VehiclesBetween Thanthumar Street & Railway Street, and Between Ma Hlwa Gone Railway Station & Hnin Si Gone Railway Station, Myittar Nyunt Ward, Tarmwe Township, Yangon, Myanmar.

Ph: 09 43094106

25.Moe & Toe Co.,LtdPersonal VehiclesNo.(47/A), Thiri Mingalar(2)Street, (8) Ward, Kamayut Township, Yangon, Myanmar.

Ph: 09 754786702

26.Myanmar Future FarmAgricultural MachineryNo.(J/47,48,49),Thiri Yadanar Zay, Mingalardon Township, Yangon, Myanmar.

Ph: 09 783558558

27.Myat MotorPersonal Vehicles,

Commercial Vehicles

No. 682 , Myot Shaung Str, Maubin., Ayeyarwady Region.

No 866,Kyaw Thu (20)Str,9 Qtr,Sout Okkalapa Township, Yangon, Myanmar.

Ph: 09 967653743

28.Myo Motor ServicePersonal VehiclesNo-(192), East Horse Race Course Road, Tamwe Township, Yangon, Myanmar.

Ph: 09 777004958

29.PPE 9Personal Vehicles,

Commercial Vehicles

‘No16/17, Ayeyarwun Road, Anawmar Qtr, Tharkayta Township, Yangon, Myanmar.

Ph: 09 974799898

30.Prime Automative MyanmarPersonal VehiclesNo.53/54, Pyay Road, Mayangone Township, Yangon, Myanmar.

Ph: 09 444445484

31.Royal La Min Ta YarPersonal Vehicles,

Commercial Vehicles

‘No.(53), Bayint Naung Street, (48) Qtr, North Dagon Township, Yangon, Myanmar.

Ph: 09 947777528, 09 961111528

32.Shwe Htwet ToeAgricultural MachineryNo.(1944), Bogyoke & Pimoenin Corner of Street, Yangon-Pathein Highway, Hlaing Tharyar Township, Yangon, Myanmar.

Ph: 09 5114869

33.Shwe PhoneCommercial Vehicles‘No.(G-5), Industrial (1), Between Yaw Min Gyi Street & Phoe Yazar Street, Yangon-Mandalay Road, Pyi Gyi Tankon Township, Mandalay Region, Myanmar.

Ph: 09 765209134

34.Stanol MyanmarGeneratorsNo.(PA-5), 62street,Bet 42 x 43 Street, Maharaungmyay Township, Mandalay Region, Myanmar.

Room-8, Malikha Housing, Yadanar Street, South Okkalapa Township, Yangon, Myanmar.

Ph: 09 768272727, 09 940471333

35.Summit SPA MotorsCommercial Vehicles‘No.(1159), FMI City, Gate (2), Yangon – Pathein Road, Hlaing Tharyar Township, Yangon, Myanmar.

Ph: 09 2450873

36.Super Car 1Personal VehiclesNo. (1),Corner of Kabar Aye Pagoda Road , Shwe Taung Kyar (2) ward, Bahan Township, Yangon, Myanmar.

Ph: 09 401635319

37.Taung Paw Tharr Yee ShinCommercial Vehicles, Agricultural Machinery

 

Tabin Shwe Htee Towel, Industrial Zone (1), Hlaing Thar Yar Township, Yangon, Myanmar.

No.(B2-A3/A4), (62) Street, Industrial Park Street, Yar Taw Ward, Mandalay Region, Myanmar.

No- (Za,46), No-(6) Ward, Tha Khut Taw Ward, Lanmadaw, Shwe Bo Township, Sagaing Region, Myanmar.

Ph: 09 750402022

38.TelemotorsPersonal VehiclesNo-(F1), Thazin Street, 9th Qtr, Hlaing Township, Yangon, Myanmar.

Ph: 09 409302194

39.Yoma Heavy Equipment Company LimitedAgricultural Machinery,

Heavy Machinery,

Generators and Engines

No(1159), Gate No (2),Ygn-Pathein Road, Hlaing Thar Yar Township, Yangon, Myanmar.

Ph: 09 765488611

For more information, please contact the nearest branches.

Hire Purchase

Frequently Asked Questions

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  • Efficient Application Process: Experience a streamlined and expedited application procedure.
  • Extended Accessibility: Loan applications can be submitted at Retail Centers throughout the entire week.
  • Competitive Pricing: Benefit from lower charges and fees, ensuring cost-effective financing.

You can choose and purchase an unlimited number of vehicles based on your repayment capacity.

You can apply using combined household income, and any additional sources of income with supporting documentation will be considered.

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