SME Loan

ABOUT SME MAB

FEATURE/BENEFIT

• Customer can borrow maximum 500 million.
• Customer can borrow up to 60 months.

ELIGIBILITY

Eligible Borrowers

Myanmar Citizen who has reasonable income. Applicant must be between 18 years old and 60 years old at the time of application. The joint applicant must be the applicant’s spouse, sibling, or parent. Duly registered under “the Myanmar Companies Act” Meeting the definition of SMES stipulated in SME Development Law.

Eligible investment

• Fixed Assets (i.e Machinery, Equipment, Factory building)
• Initial working capital associated with a fixed asset investment
• Excluded by environmental and social consideration

FEES & CHARGES

Late fee (5,000MMK) will be charged every time buyer makes late installment.

MANAGE YOUR ACC

Your monthly repayment due date is the disbursement date of the following month. 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. You will be able to make loan repayment via following channels: MAB Branch (Nationwide)

REQUIRED DOCUMENT

• NRC
• Household Certificate
• Business License or Company Registration
• Audited Financial Statements of Last Three Years (If it can be provided)
• Business Photo
• Tax Receipts
• Collateral Documentations (Other Documentations May Be Requested as Needed)