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Overdraft Loan

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

Table Header Table Header
Type :
Overdraft Facility
Currency :
MMK
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 :
  • Lands and Buildings
  • Cash Margin (MMK/USD)
  • Project Contracts
Interest Rate :
12% 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 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
    Contact Info
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