{"id":5068,"date":"2018-10-02T07:09:14","date_gmt":"2018-10-02T07:09:14","guid":{"rendered":"https:\/\/www.mobmyanmar.commyanmar\/?page_id=5068"},"modified":"2025-04-11T06:17:59","modified_gmt":"2025-04-10T23:47:59","slug":"hire-purchase","status":"publish","type":"page","link":"https:\/\/www.mobmyanmar.com\/?page_id=5068","title":{"rendered":"Hire Purchase"},"content":{"rendered":"\t\t
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HIRE PURCHASE<\/h2>

For acquiring an asset like consumer goods, electronic and office equipment , gold, condominium, heavy machinery, motorcycles and motor vehicles,<\/p>

Rental period<\/h4>
  • 1 Year for under Ks-500 million, 2-5 years for over Ks-500 million<\/li><\/ul>

    Down payment<\/h4>
    • Minimum: 30% down payment & monthly principle payment<\/li><\/ul>

      Fees & Charges<\/h4>
      Interest Rate<\/td>14.00% per annum<\/td><\/tr>
      Documentation Fees<\/td>1.00%<\/td><\/tr>
      Sale Commission<\/td>1.00%<\/td><\/tr>
      Penalty Fee<\/td>14.00%<\/td><\/tr><\/tbody><\/table><\/div>

      Required Documents<\/h4>

      If authorized dealer applicant is company that applies for hire purchase service<\/strong><\/p>

      • Valid company registration and import\/export license<\/li>
      • Board of Directors\u2019 Resolutions<\/li>
      • Profit & Loss, Balance Sheet<\/li>
      • Tax slips<\/li>
      • Copies of NRC, household registration and one passport sized photo<\/li>
      • Names of items to be sold, price, quantity and targeted monthly sale<\/li>
      • Photos of items\/goods and buildings<\/li>
      • Evidence of items\/goods that were imported<\/li><\/ul>

        If authorized dealer applicant is vehicles company that applies for hire purchase service<\/strong><\/p>

        • Certificate from Ministry of Commerce, Department of Trade<\/li>
        • Business Operating Certificate from Road Transportation Department<\/li>
        • Car Sales Center License from Road Transportation Department<\/li>
        • Type of vehicle, Chassis number, Photos of Model Number and type of vehicles that will be sold, price, quantity and monthly sale<\/li>
        • Photos of Car Sales Center and warehouse<\/li>
        • Need to open a current account or savings account<\/li>
        • Seller needs to sign as guarantor for purchaser<\/li><\/ul>

          Required Documents for Buyer <\/strong><\/p>

            • Business License<\/li>
            • Profit & Loss, Balance Sheet<\/li><\/ul><\/li><\/ul>
              • Tax slips<\/li>
              • Photos of business<\/li>
              • Copies of NRC, household registration and one passport sized photo<\/li>
              • Recommendation from Ward\/Village<\/li>
              • (2) Guarantors who can actually pay on behalf of the HP applicant (HP)<\/li>
              • Buyer\u2019s deposit account for some goods as a guarantee to the Bank<\/li><\/ul>

                If Buyer is a company <\/b><\/p>

                • Valid company registration and import\/export license<\/li>
                • Board of Directors\u2019 Resolutions<\/li>
                • Business Operating License<\/li>
                • Profit & Loss, Balance Sheet<\/li>
                • Tax slips<\/li>
                • Photos of business<\/li>
                • Copies of NRC, household registration and one passport sized photo<\/li>
                • Recommendation from Ward\/Village<\/li>
                • (2) Guarantors who can actually pay on behalf of the HP applicant (HP)<\/li>
                • Buyer\u2019s deposit account for some goods as a guarantee to the Bank<\/li><\/ul><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

                  HIRE PURCHASE For acquiring an asset like consumer goods, electronic and office equipment , gold, condominium, heavy machinery, motorcycles and motor vehicles, Rental period 1 Year for under Ks-500 million, 2-5 years for over Ks-500 million Down payment Minimum: 30% down payment & monthly principle payment Fees & Charges Interest Rate 14.00% per annum Documentation…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":7776,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5068","page","type-page","status-publish","hentry"],"yoast_head":"\nHire Purchase - MOB Bank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mobmyanmar.com\/?page_id=5068\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hire Purchase - 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