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Overdraft Facility

Secure your savings at SHWE Bank to help you reach your goals in the most secured way.

General Purpose of Account

Shwe Bank Overdraft Facility is a great fit for the short-term working capital requirement of businesses such as purchasing goods, supplier payments or general expenses, etc.

Product Feature

  • Overdraft Facility
  • Easy to submit loan applications at Shwe bank branches
  • Able to repay and redraw the overdraft facility at any time up to the approved limit
  • Interest is calculated based on the utilized amount of the facility
  • Intertest is charged on Monthly or Quarterly basis
  • Principal is repayable on demand before the maturity date or as bullet payment at the final maturity date
  • Able to check daily transactions on Internet or Mobile Banking

General Customer Eligibility

  • Small Businesses
  • Medium Businesses
  • Corporate Sized Businesses

Detail Description


Overdraft Facility



Operating Instrument

Cheque book

Suitable for

Overdraft Facility is suitable for businesses which require financing for a day-to-day working capital requirement or other short-term needs and, able to repay it on demand before the maturity date or at the maturity date

Loan Tenure

1 year (renewable)

Eligible Collateral

  1. Lands and Buildings
  2. Cash Margin (MMK/USD)
  3. Receivable
  4. Project Contracts

Interest Rate

9% per annum

Commitment Fees

1% for all unutilized amounts

Service Charge

1% flat on the sanction amount

Repayment Method

  • Principal is to be repaid at the maturity date
  • Interest is to be repaid on a quarterly or Monthly basis

Required Documents

Documents related to the loan applications

  • Loan Application Form
  • Cover Letter with company seals
  • BOD resolution

Documents related to the business

  • Company Registration or Certificate of Incorporation
  • Updated DICA Company Extracts
  • Import/Export License
  • Business License
  • Business Plan (Purpose of Financing & proposed collateral type)
  • Audited Financial Statements (last 3 years)
  • Tax Slips (last 3 years)
  • Buyer & Supplier invoices or Purchase Order (last 6 months)
  • Other related documents

Documents related to the applicants

  • Personal Documents (NRC, Census and Letter of Recommendation from Housing ward Administration)

Documents related to the Collaterals

  • Collateral original documents
  • Succession Documents related to the original documents
  • Form 105 Map of a plot of land
  • Form 106 Land history
  • Collateral and Business Photos
  • Other related documents

Interest Rates and Fees

Please see » Interest Rates and Fees