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TERM LOANS

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Term Loans

Invest with SHWE Bank to help you reach your goals in the most secured way.

General Purpose of Account

SHWE Bank Term Loan is the best fit for the long-term capital investment of the businesses such as purchasing Machinery, Equipment, Property, etc.

Product Feature

  • Easy to submit loan applications at SHWE bank branches
  • Able to drawdown subject to the approved drawdown plan
  • Monthly or Quarterly repayment for interest
  • Loan will be in fully repayment at the final maturity date

General Customer Eligibility

  • Small Businesses
  • Medium Businesses
  • Corporate Sized Businesses

Detail Description

Type

Term Loan

Currency

MMK

Operating Instrument

Cheque Book

Suitable for

Term Loan is suitable for businesses which require financing for a long-term capital investment.

Loan Tenure

Up to 3 years

Eligible Collateral

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

Interest Rate

10% per annum

Service Charge

1% flat on the sanction amount

Repayment Method

Interest is to be repaid monthly or quarterly and principal is to be repaid as a bullet payment at the final maturity date.

Required Documents for loan application

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