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Supply Chain FinancingAbout Solar Financing
Securing a reliable, long-term power supply for your home and business is the key to uninterrupted progress and productivity. To make cost-effective energy accessible to everyone, Yoma Bank offers Solar Financing. Invest in solar energy with confidence without worrying about heavy upfront costs and secure a reliable, long-term solution for your home or business energy needs.
Key Features and Benefits
Convenient Installment Options
Simple & Easy Process
Customizable Solar Packages
Flexible Repayment Terms
Savings on Electricity Bills
Loan Application
Requirements
- Original NRC and a copy
- Original Household Registration and a copy
- Original ward recommendation letter (Proof of residence)
- A personal guarantor may be required, and he/she may need to bring the above documents
- Income verification documents (Employment Verification and Income Statement)
Before you apply, please review the following information
Solar Financing Details
| Terms | |
| Loan Type | Hire Purchase |
| Down payment* | Minimum 30% ~ 50% |
| Interest* | 13% p.a. (or) 15% p.a. |
| Establishment Fees* | 1 % on loan amount |
| Loan Term | Up to 1 to 3 years |
| Maximum Limit | Up to 100 million (without collateral), Up to 200 million (with collateral) |
| Usage | Residential / Commercial / Agriculture |
* Rates may subject to change
| No. | Showroom Name | Contact Details |
| 1. | Galactical Royal Rays (Royal Rays Electronic) | No-996, Myitter Main Raod ,Ward 9, South Okkalapa Township, Yangon. Ph: 09-250065512, 09-965064071, 09-425014978, 09-954230484, 09-424646801 |
| 2 | Mega Light Global Company Limited (Mega Light) | No(332/B), Lower Main Road, Sit Kal Gone Qt, Mawlamyine Township, Mon State. Ph: 09-982482468 |
| 3. | Myanmar Starlit International Company Limited (Starlit Solar Energy) | YGN_Showroom: No.51/53, Parami Road, Hlaing Township, Yangon. Ph: 09-755598263,09-755525432 Ph: 09-760344118 |
| 4. | Nexenergy Sync Company Limited (NEXENERGY) | No (36),Than Tu Mar Street, Thuwana, 23 Ward, Thingangyun Township, Yangon. Ph: 09-940594466, 09-940594477 |
| 5. | Nay Swan In Company Limited (Nay Swan In) | YGN_Showroom: No.9/10, Bayjin Street, West Gyogone Ward, Insein Township, Yangon. Ph: 09-882549990, 09-880913573 Ph: 09-882549989 Ph: 09-788155967 |
| 6. | Solar Power Company Limited (Solar Power) | YGN_Showroom: No.514/Ka, WaiZaYandar Street,4 Ward, South Okkalapa Township, Yangon. Ph: 09-948888188, 09-948888288, 09-948888388, 09-948888488 MDY_Showroom: 62 St, Corner of 110-A St, Chan Mya Thar Si Township, Mandalay. Ph: 09-947800800, 09-948800800, 09-949800800, 09 753345070 MDY_Showroom: 78 St, Between 28 St & 30 St, Chan Aye Thar Zan Township, Mandalay. Ph: 09-404332335, 09-404332336, 09-404332337, 09-404332339 |
Solar Financing
Frequently Asked Questions
Myanmar citizens with a regular monthly income are eligible to apply.
- Personal Banking (Individuals): Employees of companies or organizations with a regular monthly income, or individuals with their own regular source of income.
- Business / SME Banking (Businesses): Business owners from various sectors, including factories, workshops, warehouses, retail stores, hospitals, schools, agriculture, livestock farming, and other businesses, are eligible to apply.
Only the following brands are eligible for purchase under the Hire Purchase installment payment scheme.
Solar and Related Equipment Brands Available under the Hire Purchase Scheme
- Solar Panel Brands: Jinko, Longi, Huasan, JA, Trina, TW Solar, Qcells
- Battery & Inverter Brands: Deye, SMA, Solis, Growatt, Mitsu, MUST, Sigenergy, SRNE, SANDISOLAR, Huawei, DAPA Power, GoodWe, Felicity, Opti-Solar, Lux Power, Dyness, LV Topsun, Shark Topsun, Eenovence, Suness
Yes. Insurance is required if the financing includes all three components of the solar system: solar panels, battery, and inverter.
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