Hire Purchase(HP)

FEATURE/BENEFIT

• A Customer can borrow for up to 36 months.

ELIGIBILITY

Eligible Borrowers

• Myanmar citizens who have a reasonable income.
• An applicant must be between between 24 years old and 55 years old at the time of application.
• A joint applicant must be the applicant’s spouse, sibling, or parent.
• A guarantor must be a Myanmar citizen who is a spouse, sibling, parent, or colleague.

Eligible products for Hire Purchase

• Computers and electronics
• Cell phones
• Automobiles and motorbikes
• Heavy machinery
• Agricultural machinery
• Medical equipment

FEES & CHARGES

MANAGE YOUR A/C

The bank will provide a repayment schedule before disbursement. You will be able to make loan repayment via the following channels: MAB Branches (Nationwide), MAB mobile banking, ibanking, or agency banking.