All Apartments, Mini Condo and Condo which built on Grant/Leasehold Land, Freehold Land, YCDC Land and DUHD Land.
The amount of Total Debt Service Ratio is no more than 50% of net income
Loan Quantum :
Maximum amount is (500,000,000 MMK) and
Minimum amount is (30,000,000 MMK)
Loan Tenure :
Proposed maximum repayment period 10 years
Property allowed for purchase :
Customer’s desired Condo, Apartments or Landed Property from SHWE Bank authorized dealers
Repayment method :
Fixed monthly repayment method
Down Payment :
20% of sale price
10% per annual
Penalty fee :
14.5% per annual
Service fees :
Service charge is 1% over the Loan amount to collect one time at loan released date.
Early settlement fee :
Early settlement fee of 2.0% will be imposed on the loan outstanding amount if the loan is redeemed through refinancing with other financial institutions within the first 2 years from the date of full release.
Bank lawyer/Assessor :
Lawyer (Title clearance) and Assessor (Valuation) charges will be paid by the borrower.
Other Charges :
Loan Application fees, Government Stamp Duty, Fire insurance, Other government tax that related to the property.
Payable method to Seller :
Applicant’s and Guarantor’s information
Inquire at the nearest branches of SHWE Bank.
Get the Home Loan application form at the nearest branches of SHWE Bank.
Keep the necessary documents on hand, then submit them at nearest SHWE Bank branches
If the bank approval has been obtained, the customer will get Home Loan by signing the required documents.