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Key Facts About Better Salary Loan

A specialized loan facility designed for employees receiving salary via MAB Payroll, offering credit of up to (2) times their current salary without the need for collateral.

Benefits

Benefits

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Get financial support of up to (2x) your current salary
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Get financial support of up to (2x) your current salary
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Flexible repayment options ranging from (2) to (6) months
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Flexible repayment options ranging from (2) to (6) months
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Experience a seamless and simple online application process
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Experience a seamless and simple online application process

Conditions & Qualifications

  •  Payroll History: Must have been receiving salary through MAB Payroll for at least (6) consecutive months.
  • Minimum monthly salary must be (300,000) MMK.
  • Financial Integrity: Must not have any outstanding debts or be on the blacklist of MAB.
  • Credit Standing: Must have a clean credit history, with no record of defaults with MAB or any other financial institutions in the Credit Bureau Report.

  • The applicant must have one guarantor
  • NRC (Front & Back) Applicant and Guarantor
  • Household Registration
  • Employment Verification: An official recommendation letter on the Company’s Letterhead, specifying your current position, length of service and monthly salary

Rates and Fees

Interest 15% p.a.
Processing Fee 10,000 MMK

Additional Informations

Better Salary Loan is a type of salary advance loan dedicated to employees of companies linked with MAB Payroll Service. The employees of those companies can get the loan amount up to (2) times of their current salary and the loan tenor is from 2 months to 6 months.

The applicant must submit the Better Salary Loan Online Application Form to get the loan and this form can be received by scanning the QR Code or via the link or MAB Website.

Every employee who receives monthly salary via MAB Payroll Service is eligible to apply for Better Salary Advance. In addition, the employee who applies for Better Salary Advance.

  • Must have earned at least (6) months’ salary through MAB Payroll Service.
  • Minimum salary must be (3) lakh.
  • Must not have a record of loan delay and blacklist in MAB.
  • Must not be in the blacklist of Myanmar Credit Bureau Report.

  • National identity Card (Original)
  • Household Registration (Original)
  • Recommendation Letter with Company Letterhead (including Year of Employment, Position and Exact salary)

Want to Apply for any services?