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Home Loan

Home Loan

FEATURE & BENEFIT

  • Customer can be borrowed at least 70% of total cost.
  • Customer can be borrowed up to 15 years.
  • Equal Monthly Installment
  • Convenience & Fast process

ELIGIBILITY

Eligible Borrowers

  • Myanmar Citizen who has a reasonable regular income.
  • Applicant must be between 24 to 55 years old at the time of application.
  • The joint applicant must be the applicant’s spouse, sibling, or parent.
  • The guarantor must be Myanmar Citizen who is a spouse, sibling or parent, or colleague.

Eligible Properties

  • MAB authorized developers’ apartments, condos & landed properties.

FEES & CHARGES

No Particular Loan
1 Interest 14%
2 Service Charge (one time only) 1%
3 Default Fee 13%
4 Processing Fee 50,000 MMK
5 Late Fee 1,000 MMK
6 Early Repayment Fees 1% on remaining principal

MANAGE YOUR ACCOUNT

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.

HOW TO APPLY HOME LOAN?

Enquiry Form