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HOME PERSONAL BANKING BORROWING HIRE PURCHASE SOLAR LOAN
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Power your home with solar system and enjoy immediate energy cost savings with renewable energy. AYA Bank is committed to helping you make the switch with confidence! Purchasing of solar board and related costs can be applied at AYA Bank with affordable monthly payment plan.
Features
| Down Payment | Minimum 30% |
| Interest Rate | 13% per annum |
| Loan Tenor | Up to 2 years |
| Loan Amount | Maximum MMK 30,000,000 (Thirty Million Kyats) |
| Service Charges |
• 1% for loan tenor 1 year • 2% for loan tenor 2 years |
Eligibility
You Must be a Myanmar Citizen
You must have regular monthly income
You must be between 18 and 59 years of age
You must purchase from the authorized dealer partnered with AYA Bank
Required Documents
Applicant’s Personal Information
- Copy of National Registration Card (NRC)
- Two passport-size photos
- Copy of Household Registration
- Ward Recommendation Letter or Utility Bill (Electricity/Water)
- Employment Confirmation Letter (or) Employment and Salary Verification Letter
- Copy of Employee Identification Card
- Agreement letter authorizing monthly loan repayment to be directly deducted from the applicant’s AYA Bank Payroll Account
Guarantor’s Information
- Copy of National Registration Card (NRC)
- Copy of Household Registration
- Employment Confirmation Letter (or) Employment and Salary Verification Letter
- Salary slips (minimum three months) or Payroll transaction records
How to apply
STEP - 1
Choose Authorized Dealer and Prepare Required Documents
You can visit AYA Bank’s authorized dealers, choose the product and prepare required documents which will be advised by such dealer.
STEP - 2
Complete the Application Form and Submit at Nearest Branch
Submit original “In-Principle Loan Approval Letter” and other required documents, as follows, at nearest AYA branch:
- Basic Personal Documents
- Income Documents
- Product Related Documents
STEP - 3
Transfer Principal Amount to Authorized Dealer
Authorized dealer will receive principal amount from the Bank.
STEP - 1
Choose Authorized Dealer and Prepare Required Documents
You can visit AYA Bank’s authorized dealers, choose the product and prepare required documents which will be advised by such dealer.
STEP - 2
Complete the Application Form and Submit at Nearest Branch
Submit original “In-Principle Loan Approval Letter” and other required documents, as follows, at nearest AYA branch:
- Basic Personal Documents
- Income Documents
- Product Related Documents
STEP - 3
Transfer Principal Amount to Authorized Dealer
Authorized dealer will receive principal amount from the Bank.
Terms and Conditions
It is compulsory to fulfill the requirement of making minimum down payment, service charges and other applicable fees related to bank’s facilities before purchasing the solar system.
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.