GOVERNMENT & COMMERCIAL STAFF LOAN
Myanmar Oriental Bank Limited has been able to provide comfort for the National employees and company employees and for the education training costs , Medical Expenses and Loans are granted for the purpose of assisting other socially necessary expenses.
Loan Period
- Staff loan granted by the Bank must provide monthly loan interest and interest charges during the authorized period of monthly payment.
| No | Position | Working Experience | Loan | Loan Period |
| 1. | Security, Driver, Cleaner and Office assistant | 1 year and above | 3 times of salary | 1 year |
| 2. | Junior Clerk and Above | 1 year to 5 year | 5 times of salary | 2 year |
| 3. | Junior Clerk and Above | 5 year and above | 10 times of salary | 3 year |
Interest Rate
|
Loan |
Per year |
12% |
Staff Loans interest will be calculated by using the Amortization Method.
Applying for staff loans requirement are;
Applicants must not be a person ,who obtained a loan from other bank .
If a person who would like to get a loan, applicant must apply for the staff loan after completion of other loan repayment and submit loan proposal attached with the following documents ;
- Relevant Place /Approval from Director of Corporate Responsibility for Company Position / Salary/ Experience.
- Approval for Origin of Residence / Village. (To Apply for a loan at Myanmar Oriental Bank)
- Hard Copy for Identity Card and House hold copy.
- An Insured person who can actually pay for the Staff loan.(Guarantors)
- (Family member 1 and 2 Staff or non family members 2).
- If the company employee is the insure Chairman /Director / CEO of the company must be signed as Guarantor.
- A copy of the Guarantors national identification card and copy of Household list.
- Current Account must be open.
- Must be permanent employee and have at least one year of working experience.