Maximum SME Term Loan is MMK 650 million and the amount of loan is determined depending on individual’s market condition, business’s mission, financial records, management experience and its skillfulness, technology usage, collateral and business plan.
FAQ
There will be a monthly interest charge whilst principal payment could be in every 3 months or 6 months or yearly depending on individual loan amount, tenor and business plan.
SME Term Loan’s repayment is from 1 year to 3 years and its interest rate is 10%-14.5% p.a.
Yes. In order to apply for SME Term Loan, you need immovable property such as lands and buildings.
No, there is no limitation on its allocation but loan must be aiming to boost their working capital requirements or financing other capital investments such as building factories/warehouses, upgrading or buying machineries, expanding business operations.
A local SME that is registered in Myanmar at least 2 years in lifetime can apply SME Term Loan.
You will need the following documents:
-
For capital transaction: Company registration and Form A, company profile from DICA website
-
For donation: MOU and certificate from Ministry of Home Affairs
-
For heritage: Approval from Central Bank of Myanmar
-
For Compensation: Approval from Central Bank of Myanmar
-
Loan Agreement
-
Loan Repayment Plan
-
Loan Repayment Plan
-
Approval from the Central Bank of Myanmar
Yes, however beneficiary will receive the funds in Myanmar Kyats after foreign currency is converted at CB Bank’s prevailing exchange rate.
-
Company registration fees
-
Capital brought -in
-
Working capital
-
Capital injection
-
Company expense
-
Service charges
-
Commission fees
-
Tourism
-
Salary
-
Donation
-
Aids and grants
-
Compensation
-
Loans