Home Equity Loan

Personal Banking > Loans

Home Equity Loan

Personal Banking > Loans

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

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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)

requirement
Note

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 MMK

    Duration in years

    1year 25years

    Interest Rate

    10 %

  • 0

    Monthly Payment

    Total Interest Payable

Before you applied check these information

Other details of Home Equity Loan

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Terms
Interest Rate10% per annum*
Establishment FeesAt 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
Note

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

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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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