Menu

Key Facts About Home Loan

Acquire your ideal property with an easy down payment and repay the balance through long-term monthly installments that match your regular income.

Benefits

Benefits

calendar_month (1)
Monthly fixed repayment
calendar_month (1)
Monthly fixed repayment
alarm
Convenient loan tenure
alarm
Convenient loan tenure
arrow_split[1]
Simple & Smooth Process
arrow_split[1]
Simple & Smooth Process

Conditions & Qualifications

  • Myanmar Citizen who has a reasonable regular income.
  • Applicant must be between (24) to (55) years old at the time of application.
  • For co-applications, applicants may apply jointly with their spouse, parents, or siblings.
  • The guarantor must be a Myanmar citizens and must be a spouse, parent, sibling, or colleague of the applicant.

  • DUHD Housing, YCDC Housing
  • Condominium
  • Land & Building
  • Shophouse

Rates & Fees

Interest 14% p.a.
Down Payment at least 30%
Tenor Up to (15) years
Service Charges
(One time only) 1% (on financing amount)
Processing Fee 50,000 MMK
Early Repayment Fee 1% of the outstanding loan balance will be applied if the loan is settled before the end of the term

The Payment Schedule will be issued by the bank upon the disbursement of the loan. You can conveniently make your scheduled payments through any MAB branch nationwide via iBanking or at our MAB Agency Banking locations.

Additional Informations

MAB Home Loan is where MAB supports the customers to purchase a residence without paying the total selling price in one lump.

MAB allows the customers to purchase a residence such as Condos/Apartments or landed properties from authorized developers.

You must be of Myanmar nationality, between the age of 24-55 years old. For more information, please contact to MAB Call Center at (+95) 18610612 or email to [email protected].

Yes, any immediate family member with a regular income can be a co-applicant for Home Loan application.

Want to Apply for any services?