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General Purpose of Home Loan 

  • Consumer Home Loan is a mid to long term loan provided to finance an individual purchase of a house or residence.
  • The amount borrowed is for a specific period and is repayable by fixed installments over the loan period taken.

Purchasable Housing 

All Apartments, Mini Condo and Condo which are built on Grant/Leasehold Land, Freehold Land, YCDC Land and DUHD Land, that are from authorized dealers associated with SHWE Bank's Home Loan financing.

General Customer Eligibility 

  • Any Myanmar Citizens with stable income.
  • Both applicant and joint applicant must be over 20 years old and not older than 60 years at the point of loan application. 
  • Joint applicant is allowed when the applicant is not enough in capital (only immediate family members are allowed) 
  • 2 guarantors are required to apply for a Home Loan from SHWE Bank where one of them must be a family member of the applicant and the other must be the applicant’s colleague or employer.

Fees & Charges

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Property allowed for purchase :
Customer’s desired Condo, Apartments or Landed Property from SHWE Bank authorized dealers
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
Repayment method :
Fixed monthly repayment method
Application Fee :

30,000 MMK (Main Applicant)

30,000 MMK (Joint Applicant)

Down Payment :
30% of sale price
Interest :
13% per annual
Service fees :
Service charge is 2% 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.
Penalty fee :
18.25% per annual
Bank lawyer/Assessor Fees:

50,000 MMK (Lawyer – Title clearance)

50,000 MMK (Assessor –  Valuation)

Fees 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

Necessary Documents

  1. NRC, Household List (Copy)
  2. Original Testimonial Letter from Ward Administration Office
  3. Original Testimonial Letter from Police Station
  4. One Passport Size Photo
  5. Proof of Income
  1. Employment Confirmation Letter
  2. Salary Slip (minimum 3 months)
  3. If professional employed, professional license (such as Doctor License, Seaman’s CDC)
  4. Bank Statement (minimum 3 months)
  5. A copy of Tax Book or Tax pay slip 
  1. Business License or Company Registration Certificate
  2. Business Photos
  3. DICA Information
  4. Income/ Financial Statement for 3 years (Operating Account)
  5. Tax receipts for 3 years

Documents Related to property

  1. Copy of Grant
  2. Succession Agreement 
  3. Agreement Between Developer and Landlord
  4. Photos of The Property (Front, Back, Left, Right,)
  5. A copy of Building Completion Certificate
  6. Collateral Contract Between Developer and Landlord
  7. Sales and Purchase Agreement (Including Landlord Signature)
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