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 and Construction Equipment

Medical Equipment and Hospital Equipment

Heavy Machinery

Generators and Engines

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
Bank service charges*1% loan amount
Insurance*Around 1% of asset value
Loan Term for Printing Machines **1-2 years
Loan Term for other machinery** 1-3 years
Early Repayment* 3%

*Rates may be subject to change.

(a) Upfront Method

Interest may be subject to change depending on the type of asset as shown 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.

*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.

NameCategoryContact Details
Kubota Ayeyarwady Co., Ltd.Agriculture MachineryNo.(31), Phan Chet Wun U Shwe Oh Street, Industrial Zone (2), Yangon. [email protected] 09406667887
Kubota Maesod Myanmar Co., Ltd.Agriculture MachineryNo.45, Asia Road, Ywar Thit, Thingannyinaung Village, Myawaddy Tsp, Kayin.
[email protected]
[email protected]
[email protected]
09-798382404, 09421129746
Myan Shwe Pyi Tractors Ltd.Agriculture Machinery, Construction Equipment, Heavy MachineryNo.(249),1st Floor, Bargayar Road, corner of Aung Taw Mu Road, Myaynigone, Sanchaung Township. [email protected] 09 777000980
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
Shwe Phone Co., Ltd.Agriculture MachineryNo.(G-5), Industrial (1), Between Yaw Min Gyi Street & Phoe Yazar Street, Yangon-Mandalay Road, Pyi Gyi Tankon Township, Mandalay Region, Myanmar. [email protected]
09765408873, 09765408809
Shwe Tun Co., LtdAgriculture MachineryNo.(5), Thirimon plaza- 3 rd Street, Mayangone Township, Yangon. 09261071656
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]”  09880812059 09750402022

Yoma Heavy Equipment Co.,Ltd.Agriculture Machinery, Heavy MachineryNo. 1159, FMI Cit Yangon-Pathein Main RoadHlaing Tharyar, Yangon Myanmar. “[email protected]” 09795767422 , 09765488598 , 09765488599
JIN LONG MYANMAR MACHINERY TRADING CO.,LTDGenerator and EnginesNo.(1/kha), Corner of Yangon-Pathein Highway & Kyansit Thar Street, Industrial Zone-3, Hlaing Tharyar Tsp, Yangon,Corner of 74th Street & MyoMaDinga Street, Near Tagontai Roundabout,Mandalay, Myanmar. [email protected]
09256334293, 09252668424,092010672
Stanol Myanmar Co., LtdGenerator and EnginesNo (101 & 66A) Corner Of Theik Pan Road, Mahar Myaing (1), Quarter (Ma-20), Mahaaungmyay Tsp, Mandalay,No(494), Thitsar Road, Near Thanthumar Road, Okkalapa (South) Township, Yangon. [email protected]
09940531333 ,09940529333
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
Sein Shwe Kyauk Wheel Loader TradingHeavy MachineryNo. 12, 35St, Bet (62×63)St, Chan Aye Thar Zan Tsp, Mandalay. “[email protected]” 09979415160
Mastech Co., Ltd.Solar EquipmentNo.72, Shwe Hnin Si Lane (6), 5Qtr, 9th Mile, Mayangone Township, Yangon. [email protected] 09421109403
Aung Phone Pyae Co., Ltd.Solar EquipmentNo.F(658),Thudhamma,North Okklapa Township, Yangon.
[email protected]
09455544411, 09455544400

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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