– Credit Financing Service – Education Loan – Hire Purchase – Vehicle Financing – Pledge Financing – Gold Financing – Assignment of Debt Financing – Deposit Financing – Bank Guarantee – Supply Chain Financing – Hypothecation Financing
The ratio depends on the type of collateral and business but the maximum ratio that can get is 60%.
The loan applicant needs to open a Current Account and need to deposit 101,000 Kyats into the account. The money is for lawyer and appraisal fees.
If required documents are complete, you can get the loan after (2) weeks.
– Land and buildings – Gold and gold jewelry – Goods (Agricultural products, Consumer products, equipment and machineries, etc.) – Account balances – Government Contracts, etc.
Depending on loan type, interest rates are varied. Please check the relevant loan type for specific interest rate.
Depending on loan type, the loan period can be (1) year, (3) years and (5) years.
There are documents required for each loan so please check the loan type that you want to apply on MOB website and check the requirements.
There are 11 types of loans that MOB provides.