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
Agricultural Machines and Construction Equipment
Medical Equipment and Hospital Equipment
Heavy Machinery
Generators and Engines
Printing Machines
Solar Equipment
*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
Before you apply, please review the following information
Hire Purchase Details
| 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 Repayment | Quarterly 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.
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.
| Name | Category | Contact Details | |
| Kubota Ayeyarwady Co., Ltd. | Agriculture Machinery | No.(31), Phan Chet Wun U Shwe Oh Street, Industrial Zone (2), Yangon. [email protected] 09406667887 | |
 | Kubota Maesod Myanmar Co., Ltd. | Agriculture Machinery | No.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 Machinery | No.(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 Machinery | J/47-49 Thiri Yadanar Wholesale Compound, Thudhamma Road, North Okkalapa Township, Yangon. “[email protected]” 09976888388, 09972885030 |
 | Myanmar Phyo Co.,Ltd | Agriculture Machinery | Room(4), Kyweselkan Pwel Yone Tan, (6th Street), Pyigyitagon Township, Mandalay. “[email protected]” 09768088448, 09440049668 |
 | Shwe Htwet Toe Company Limited | Agriculture Machinery | Corner 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 Machinery | No.(531), Myoma(3), Minn Road, Kawliya Ward, Pyuntasar, Nyaung Lay Bin. 09 5385712 |
 | Shwe Phone Co., Ltd. | Agriculture Machinery | No.(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., Ltd | Agriculture Machinery | No.(5), Thirimon plaza- 3 rd Street, Mayangone Township, Yangon. 09261071656 |
 | Taung Paw Tharr Yee Shinn Co., Ltd. | Agriculture Machinery | Bejing St, No.9/10, West Gyogone Ward, Insein Tsp, Yangon. “[email protected], [email protected], [email protected], [email protected], [email protected]” 09880812059 09750402022 |
 | Yoma Heavy Equipment Co.,Ltd. | Agriculture Machinery, Heavy Machinery | No. 1159, FMI Cit Yangon-Pathein Main RoadHlaing Tharyar, Yangon Myanmar. “[email protected]” 09795767422 , 09765488598 , 09765488599 |
 | JIN LONG MYANMAR MACHINERY TRADING CO.,LTD | Generator and Engines | No.(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., Ltd | Generator and Engines | No (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 Machinery | No.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 Trading | Heavy Machinery | No. 12, 35St, Bet (62×63)St, Chan Aye Thar Zan Tsp, Mandalay. “[email protected]” 09979415160 |
 | Mastech Co., Ltd. | Solar Equipment | No.72, Shwe Hnin Si Lane (6), 5Qtr, 9th Mile, Mayangone Township, Yangon. [email protected] 09421109403 |
 | Aung Phone Pyae Co., Ltd. | Solar Equipment | No.F(658),Thudhamma,North Okklapa Township, Yangon. [email protected] 09455544411, 09455544400 |
For more information, please contact the nearest branches.
Hire Purchase
Frequently Asked Questions
- 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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