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Home Loan

Consumer Home Loan 

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 built on Grant/Leasehold Land, Freehold Land, YCDC Land and DUHD Land. 

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 and one of them must be a family member of the applicant. 

Specification of Loan 

Table Header Table Header
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) and
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

Necessary Documents

Applicant’s and Guarantor’s information

  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

Income Statements

Salary Employed 

  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) 

Self-Employed 

  1. Business’s 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) 

How to Apply for a Home Loan? 

Step

01

Inquire at the nearest branches of SHWE Bank.

Step

02

Get the Home Loan application form at the nearest branches of SHWE Bank.

Step

03

Keep the necessary documents on hand, then submit them at nearest SHWE Bank branches

Step

04

If the bank approval has been obtained, the customer will get Home Loan by signing the required documents.

General Customer Eligibility 

  • Any Myanmar Citizens with stable income. 
  • If the applicant applies for a Home Loan from SHWE Bank, 2 guarantors are required and one of them must be a family member of the applicant.
  • If the applicant does not have enough in salary, he/she will apply with his/her family member as a joint. 
  • Both applicant and joint applicant must be over 20 years old and not older than 60 years at the point of loan application. 

Let’s Start Personal Loan

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Let’s Start Personal Loan

More Reliable For Everyone
Learn More
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