Accessible amount to apply :

The amount of Total Debt Service Ratio is no more than 50% of net income

Loan Quantum :

Maximum amount is (500,000,000 MMK)
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

Interest :

13% 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 :

Transition Payment