General Purpose of Loan

  • SHWE Bank’s Land & Building Loan is a tailored, long-term solution for individuals aspiring to own and reside in their dream property, whether it’s a complete “land and building” package or just a plot of land.
  • With our Land and Building Loan, you will be able to turn your property ownership goals into reality by making affordable monthly installments throughout the loan term.

Product Features

  • SHWE Bank’s Land and Building Loan offers outstanding financing options and a flexible repayment period of up to 15 years, whether you purchase either land and buildings or land only from developers or individual landowners.
  • Under Land & Building Loan Financing Program, the land purchased must be Grant Land or Official Land, titled in the seller’s name.

General Customer Eligibility

  • Any Myanmar Citizens with stable income.
  • Family members are allowed as joint applicant.
  • The age must be from 20 years to 65 years (by the end of loan tenor) for both applicant and joint applicant.
  • 2 guarantors are required to apply for land & building loan.
  • Business experience/term must be at least 3 years if the applicant is a self-employed businessman.

Fees and Charges

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Interest rate :
13% per annum
Interest calculation method :
Reducing amortization method
Application
fees :
MMK –10,000 (a one-time handling fee)
Minimum Down Payment:
30%
Service Charges (Upfront):
1% on loan amount
Early Repayment Fees:
2% on outstanding outstanding balance (if paid during the first 2 years of loan period)
Insurance :
To place insurance at Bank’s appointed insurance company

Document Required for “Land and Building” loan application

  1. One passport Size Photo (Mandatory)
  2. NRC copy of the applicant (Mandatory)
  3. Household List Copy (Mandatory)
  4. Original Testimonial Letter from Ward Administration Office (if any)
  5. Original Testimonial Letter from Police Station (if any)
  6. Copy of Current Place of Living– Title/Rent (if any)
  7. If self-employed, Copy of Business Premises – Title/Rent (if any)
  8. Other proof of wealth -gold, car, FD receipt etc. (if any)
  1. Employment Confirmation Letter – Mandatory
  2. Salary Slip (minimum 3 months) – Mandatory
  3. Proof of income/Bank Statement for last 3 months – Mandatory
  4. Professional license (such as Doctor License, Seaman’s CDC) – (if professional employed)
  1. Copy of Business’s License/ YCDC License – Mandatory
  2. Business Photos – Mandatory
  3. Financial Statement for last 3 years – Mandatory
  4. Tax receipt for last 3 years – Mandatory
  5. Proof of income/Bank Statement for last 3 months – Mandatory
  1. Copy of Company Registration Certificate – Mandatory
  2. Copy of Company’s License – Mandatory
  3. DICA Information – Mandatory
  4. BOD Resolution (Meeting Minutes) – Mandatory
  5. Financial Statement for last 3 years – Mandatory
  6. Tax receipt for last 3 years – Mandatory
  7. Proof of income/Bank Statement for last 3 months – Mandatory

Documents required for land and building

  • Advance payment of Sales and Purchase Contract – Mandatory
  • Property Photo – Mandatory
  • Original Land Document with seller title name – Mandatory
  • Original Succession Contracts
  • Original 105/106 (Land Map & Land History) with the remark “purpose to sell”
  • GP or SP – (if joint applicant) – Mandatory
  • BCC – (if Land and Building)
  • Other related documents as and when necessary