About Home Equity Loan
With Yoma Home Equity Loan you can use your current owned residential home as security to fund life’s big purchases for yourself and your family. You can easily and quickly apply a loan for personal expenses such as health, education and social.
Choose the perfect loan for you
Key Features & Benefits
Easy repayment with monthly installment system
Loan repayment period can be extended every (3) years to maximum of (10) years
Eligibility & Requirements
to Open Loan
- Burmese citizens of 18 years of age (must present proof of NRC card)
- Salaried employees or entrepreneurs with monthly income of 600,000 MMK above
- Company employees and entrepreneurs over the age of 65 may apply together with family members who are underage of 60
- NRC (Original) and family registration list (Original)
- Original ward recommendation letter (proof of residence)
- Proof of income (employment verification or business registration details etc.,)
- Income Statement
- Collateral documents
- Land & Building
- Condominium
- Mini-Condo
- Apartment
(All collaterals must have YCDC, NCDC, MCDC approval, government granted owner book, management office granted, developer granted owner book with estate office)
For full document requirements, please contact to our skilled loan specialist at your nearest branch.
Home Equity Loan
Calculator
Amount
20,000,000 MMK 300,000,000 MMKDuration in years
1year 25yearsInterest Rate
10 %
0
Monthly Payment
Total Interest Payable
Before you applied check these information
Other details of Home Equity Loan
| Terms | |
| Interest Rate | 10% per annum* |
| Establishment Fees | At least 250,000 MMK (or) 1.5% of the approval loan amount (whichever is higher) |
| Early repayment fees ( if paid within first 3 years) | 3% on the outstanding principal balance |
| * Rates may subject to change |
Important Notice to Customers – please note that the bank does not charge any additional fee in processing the loan application by using third-party channels. The bank is not obligated for payments to any third party appointed by the customer and strongly encouraged to deal with bank directly for all communications.
Important Info for Customers.
Terms and conditions apply.
- Land & Building
- Condominium
- Mini-Condo
- Apartment
(All collaterals must have CYCDC, NCDC, MCDC approval, government granted owner book, management office granted, developer granted owner book with estate office)
Home Equity Loan
Frequently asked questions
These are :
For more information, please contact to Yoma Bank 24/7 call center – 9662 or 097 9662 9662 or Yoma Bank official Facebook page or go to nearest branch during the operation hour and do not forget to bring NRC/Passport.
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