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HOME PERSONAL BANKING BORROWING HIRE PURCHASE HOME LOAN
Staying at your own house is the real comfort for your family. Our home loan solution is here to provide you that comfort. With choice of affordable repayment options of your needs, take control of your future. The future is yours now.
Features
| Types of property | Apartment, Condominium, Landed Property |
| Interest Rate | 10% per annum |
| Loan Tenor | Maximum 25 years |
| Application Fee | MMK 100,000 |
| Service Charges | 2% of loan amount |
| Early Repayment Fees | 3% in the first three years |
| Property purchase value | Minimum MMK 20,000,000 |
Eligibility
You Must be a Myanmar Citizen
You must have regular monthly income
You must be minimum 20 years of age
The maximum age of applicant shall not exceed 55
Note: Joint applicant is allowed (only for immediate family members) for customers with age over 50 and low income.
Documents which reveal accurate information of above are required to provide at the point of application such as NRC, Household Member List, Income Statement or Salary slip.
Required Documents
Basic Personal Information
- NRIC
- Household list
- Original testimonial letter from Ward Administration Office
- Applicant passport photo
Income Documents
Salaried Employee
- Salary Slip (minimum 3 months)
- Employment Confirmation Letter
- Bank Statement (minimum 6 months) (Optional)
- Professional License (such as Doctor License, Seaman’s CDC)
Self Employed
SME Business Owner
- Valid Business License
- Business or Company Registration Documents
- Proof of regular income
- Bank Statements
(Minimum 6 months) - Income/ Financial Statement (Operating Account)
- Tax Receipts
Business Owner
- Valid company registration documents
- Bank Statements (Minimum 6 months)
- Income/ Financial Statement (Operating Account)
- Tax Receipts
How to apply
Feel free to make an initial enquiry at any AYA branches via phone or in person. Then, visit nearest AYA branch to receive “In-principle Loan Approval” which contains the eligible HP loan amount.
Choose from wide range of residences from our list of authorized developers to purchase your dream home.
STEP - 1
Enquire at nearest Branches
STEP - 2
Choose your home at Authorized Developers
STEP - 3
Keep required documents ready and apply
STEP - 4
Home Sweet Home
Monthly Instalment Payment to Bank
Choose the residence you wish to purchase from any developer rather than bank’s authorized developers.
STEP - 1
Choose your home from different Developers
STEP - 2
Enquire at nearest Branches
STEP - 3
Keep required documents ready and apply
STEP - 4
Home Sweet Home
Monthly Instalment Payment to Bank
| DEALER PROGRAM | INDIVIDUAL PROGRAM | |
| Room/Land Price | Condo/Apartment: 200 Lakhs and above Landed Property: 500 Lakhs and above |
Condo/Apartment: 200 Lakhs and above Landed Property: 500 Lakhs and above |
| Type of Land |
|
|
| Construction Completion | Minimum 75% | 100% |
| Max Loan Tenor | Maximum 25years | Maximum 25years |
Terms and Conditions
Bank shall approve the final loan amount based on the evaluation and authenticity of complete documents submitted by the applicants
It is required to give tax (if necessary) to the respective government organization for documentation and registration depend on the house you wish to purchase
It is required to fulfill the requirement of making minimum down payment 25%, service charges and other applicable fees related to bank’s facilities before living at the residence.
Bank shall approve the final loan amount based on the selling price mentioned on the Sales and Purchase agreement. Any other additional costs will not be financed by the bank.
Quick look
Staying at your own house is the real comfort for your family. Our home loan solution is here to provide you that comfort. With choice of affordable repayment options of your needs, take control of your future. The future is yours now.
Features
| Types of property | Apartment, Condominium, Landed Property |
| Interest Rate | 10% per annum |
| Loan Tenor | Maximum 25 years |
| Application Fee | MMK 100,000 |
| Service Charges | 2% of loan amount |
| Early Repayment Fees | 3% in the first three years |
| Property purchase value | Minimum MMK 20,000,000 |
Eligibility
You Must be a Myanmar Citizen
You must have regular monthly income
You must be minimum 20 years of age
The maximum age of applicant shall not
exceed 55
Note: Joint applicant is allowed (only for immediate family members) for customers with age over 50 and low income.
Documents which reveal accurate information of above are required to provide at the point of application such as NRC, Household Member List, Income Statement or Salary slip.
Required Documents
Basic Personal Information
- NRIC
- Household list
- Original testimonial letter from Ward Administration Office
- Applicant passport photo
Income Documents
Salaried Employee
- Salary Slip (minimum 3 months)
- Employment Confirmation Letter
- Bank Statement (minimum 6 months) (Optional)
- Professional License (such as Doctor License, Seaman’s CDC)
Self Employed
SME Business Owner
- Valid Business License
- Business or Company Registration Documents
- Proof of regular income
- Bank Statements (Minimum 6 months)
- Income/ Financial Statement (Operating Account)
- Tax Receipts
Business Owner
- Valid company registration documents
- Bank Statements (Minimum 6 months)
- Income/ Financial Statement (Operating Account)
- Tax Receipts
How to Apply
Feel free to make an initial enquiry at any AYA branches via phone or in person. Then, visit nearest AYA branch to receive “In-principle Loan Approval” which contains the eligible HP loan amount.
Choose from wide range of residences from our list of authorized developers to purchase your dream home.
STEP - 1
Enquire at nearest Branches
STEP - 2
Choose your home at Authorized Developers
STEP - 3
Keep required documents ready and apply
STEP - 4
Home Sweet Home
Monthly Instalment Payment to Bank
Choose the residence you wish to purchase from any developer rather than bank’s authorized developers.
STEP - 1
Choose your home from different Developers
STEP - 2
Enquire at nearest Branches
STEP - 3
Keep required documents ready and apply
STEP - 4
Home Sweet Home
Monthly Instalment Payment to Bank
| DEALER PROGRAM | INDIVIDUAL PROGRAM | |
| Room/Land Price | Condo/Apartment: 200 Lakhs and above Landed Property: 500 Lakhs and above |
Condo/Apartment: 200 Lakhs and above Landed Property: 500 Lakhs and above |
| Type of Land |
|
|
| Construction Completion | Minimum 75% | 100% |
| Max Loan Tenor | Maximum 25years | Maximum 25years |
Terms and Conditions
Bank shall approve the final loan amount based on the evaluation and authenticity of complete documents submitted by the applicants
It is required to give tax (if necessary) to the respective government organization for documentation and registration depend on the house you wish to purchase
It is required to fulfill the requirement of making minimum down payment 25%, service charges and other applicable fees related to bank’s facilities before living at the residence.
Bank shall approve the final loan amount based on the selling price mentioned on the Sales and Purchase agreement. Any other additional costs will not be financed by the bank.