AYA Bank launches home loan plans
AYA Bank launches home loan plans
Myanmar Times, 01 Apr 2018
URL: https://www.mmtimes.com/news/aya-bank-launches-home-loan-plans.html
Myanmar's second largest bank has announced that it would provide loans for 4000 residences.
AYA Bank made the announcement on March 30 at a meeting with the media at its office in Yangon. Any Myanmar citizen who is 20 years of age and older with stable and reasonable income can apply for a loan.
"Our aim is mainly for the employees to own a house or apartment worth from K200 lakhs to K1200 lakhs," said the managing director of AYA Bank, U Myint Zaw.
The loan programs require minimum 30 per cent down payment and 13 per cent interest rate. Customers can enjoy loan tenor period up to 15 years, he added.
As AYA Bank has always been a trusted partner to people, we aim to help the country’s economy and construction sector by developing the opportunities for people making their dreamed residences affordable, U Myint Zaw said.
U Myint Zaw said the loan plan would extend to other major cities like Mandalay and Mawlamyine if this plan is successful.
AYA Bank made the announcement on March 30 at a meeting with the media at its office in Yangon. Any Myanmar citizen who is 20 years of age and older with stable and reasonable income can apply for a loan.
"Our aim is mainly for the employees to own a house or apartment worth from K200 lakhs to K1200 lakhs," said the managing director of AYA Bank, U Myint Zaw.
The loan programs require minimum 30 per cent down payment and 13 per cent interest rate. Customers can enjoy loan tenor period up to 15 years, he added.
As AYA Bank has always been a trusted partner to people, we aim to help the country’s economy and construction sector by developing the opportunities for people making their dreamed residences affordable, U Myint Zaw said.
U Myint Zaw said the loan plan would extend to other major cities like Mandalay and Mawlamyine if this plan is successful.