Hire Purchase
Business Banking > Loans
Hire Purchase
Business Banking > Loans
About Hire Purchase
Whether it’s a new car or commercial vehicle, finance your next purchase with Yoma Bank Hire Purchase. With a flexible payment schedule, Hire Purchase makes purchases easy and secure for both buyers and sellers.
Available Hire Purchase Products
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![](/wp-content/uploads/2023/06/vehicle.png)
Personal vehicles and Commercial vehicles
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Agricultural machine and Construction equipment
![](/wp-content/uploads/2023/06/hospital-equipment.png)
Medical equipment and Hospital equipment
![](/wp-content/uploads/2023/06/factory-machine-1.png)
Heavy machinery
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Solar
Assets must be purchased from a Yoma Bank authorized dealer
Eligibility & Requirements
to Open Loan
- Original NRC and Copy
- Original Household registration and Copy
- Original ward recommendation letter (Proof of residence)
- Income verification documents
- A personal guarantor might be required and he/she may need to bring the above documents
![requirement](/wp-content/uploads/2023/05/requirement-doucment.png)
Before you applied check these information
Other Details of Hire Purchase
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Terms | |
Down payment* | Minimum 30% of asset value |
Bank service charges* | 1% of loan amount |
Insurance* | Around 1.65% of asset value*** |
Loan Term | Maximum 5 years based on the product type |
Early payment* | 3% |
* Rates may subject to change
(a) Upfront Method
Interest may subject to change depending on the type of asset as below
Monthly Repayment | Quarterly or Semi-Annual Repayment |
1 year – 6%* | 1 year – 7%* |
2 years – 12%* | 2 years – 13%* |
3 years – 18%* | 3 years – 18%* |
*Rates may subject to change
(b) Equated Monthly Installment (EMI)
Interest is set at 10%* per annum.
Asset | Maximum Loan Term |
New Car | 5 years |
Pre-owned Car | 3 years |
New heavy machinery and equipment or agricultural machinery | 3 years |
Pre-owned heavy machinery or agricultural machinery | 2 years |
*Rates may subject to change
All financed assets must be insured for the duration of the Hire Purchase term.
Name | Category | Contact Details | |
![]() | Myanmar Future Farm Group Co., Ltd. | Agriculture Machinery | J/47-49 Thiri Yadanar Wholesale Compound, Thudhamma Road, North Okkalapa Township, Yangon. “[email protected]” 09976888388, 09972885030 |
![]() | Myanmar Phyo Co.,Ltd | Agriculture Machinery | Room(4), Kyweselkan Pwel Yone Tan, (6th Street), Pyigyitagon Township, Mandalay. “[email protected]” 09768088448, 09440049668 |
![]() | Shwe Htwet Toe Company Limited | Agriculture Machinery | Corner of Pimonin Road and Yangon-Pathein High Way Road, No 1944, Hlain Thar Yar Township, Yangon. “[email protected] , [email protected]” 095114869, 09973986715 |
![]() | Shwe La Yaung Trading Co., Ltd. | Agriculture Machinery | No.(531), Myoma(3), Minn Road, Kawliya Ward, Pyuntasar, Nyaung Lay Bin. 09 5385712 |
![]() | Taung Paw Tharr Yee Shinn Co., Ltd. | Agriculture Machinery | Bejing St, No.9/10, West Gyogone Ward, Insein Tsp, Yangon. “[email protected], [email protected], [email protected], [email protected], [email protected],[email protected], [email protected]” 09880812059 09750402022 |
![]() | Myan Shwe Pyi Tractors Ltd. | Agriculture Machinery, Construction Equipment, Heavy Machinery | No 43-47, Ward 109, Kyan Sitthar Road, East Dagon Industrial Zone, Yangon. “[email protected]” 09777000980 |
![]() | Yoma Heavy Equipment Co.,Ltd. | Agriculture Machinery, Heavy Machinery | No. 1159, FMI Cit Yangon-Pathein Main RoadHlaing Tharyar, Yangon Myanmar. “[email protected]” 09795767422 , 09765488598 , 09765488599 |
![]() | Myanmar New Power Motors Co., Ltd. | Commercial Vehicle, Heavy Machinery | No.54, Bayintnaung Street, Pearl (1) Quarter, No.3 Main Road, Mingalardon Township,No.517 (11/783), 78th Street, Yangon-Mandalay Road, Ayardaw Quarter, Pyigyitagon Township, Mandalay. “[email protected] , [email protected]” 09252884488 , 09252884488 , 09452333126 |
![]() | Shwe Tun Co., Ltd. | Commercial Vehicles | No. (410/A, 49-A56), No.(3) Main Road, Pale myot thit, Mingalardon Township. Yangon. 09450708660 , 09453500062 |
![]() | United Eleven Co., Ltd. | Commercial Vehicles | No. 310, Ngu War Street, Pearl 2 Ward, Mingalardon Township, Yangon Region. No 513/2, 35th Street,55×56 Street,Kan Kauk Quarter, Chan Aye Thar Zan Township, Mandalay. “[email protected] , [email protected]” 09794794692 09 77013537 |
![]() | Sein Shwe Kyauk Wheel Loader Trading | Heavy Machinery | No. 12, 35St, Bet (62×63)St, Chan Aye Thar Zan Tsp, Mandalay. “[email protected]” 09979415160 |
![]() | Mount Zion Co.,Ltd | Hospital Equipment | No. 99, Zion Tower, Maharthukhitar Street, East Gyogone Ward, Insein Township, Yangon. “[email protected]” 092024496 , 09975722480 |
![]() | Aung Say Paing | Office Equipment | Ha – 15 (35+46)/ 74 Str / Bet: 116 x 117 Str,Pyigyitagon Tsp, Mandalay. “[email protected]” 09 781999555 , 09781555999 , 09784555999 , 09785555888 |
![]() | 999 Tiger Co., Ltd. | Personal Vehicles | No. 1, Wingabar Street, Bahan Township, Yangon “[email protected]” 09443016530 , 0973036999 , 09798104418 |
![]() | Andaman AL Co., Ltd. | Personal Vehicles | No. (62/B), Baho Road,Kan Khaung Ward, Myeik T/S “[email protected]” 0959254704257 |
![]() | Auto Hub Service Co., Ltd. | Personal Vehicles | No. (42/43D), MikyaungKan, Part (3), Khaymarthi Road, Thingangyun Township. “[email protected]” 095197060 |
![]() | Auto Top Power Co.,Ltd | Personal Vehicles | No. 15, Kabaraye Pagoda Road, Near Hnin Si Kone Bo Bwar Yeik Thar, Yangon. “[email protected] , [email protected]” 095157474 , 097851574742 |
![]() | Energy Plus Trading Co., Ltd | Personal Vehicles | No. 3, Ywarma Kyaung St, Hlaing, Yangon. “[email protected]” 095113939, 09421109988 |
![]() | Forerunner Business Group Co., Ltd. | Personal Vehicles | A2/002, Zawtika Housing, Thingangyun, Yangon. “[email protected]” 09-5191986 |
![]() | Garmanit Services Co., Ltd. | Personal Vehicles | No. 22, Thukhawadi Street, Yanking Tsp, Yangon. “[email protected]” 09750119655 , 095550888 , 09770338882 , 09770338884 |
![]() | Grand Sirius Co.,Ltd. | Personal Vehicles | No. 8, Room 3, Joe PhyuSt, Mingalar Taung Nyunt. “[email protected]” 09751001126 |
![]() | Green Gate Services Co., Ltd | Personal Vehicle | No. 1193/1195, Thudamar Lan Ma Gyi, 2Qtr, North Okklar. “[email protected]” 09780807799 , 09443669999 |
![]() | Hyper Auto Co., Ltd. | Personal Vehicle | No. 3, YadanarMon (7) Street, Yadanar Mon Housing , Hlaing Tsp, Yangon. “[email protected]” 09775111123 , 09776111123 |
![]() | Hyundai MMM Co.,Ltd. | Personal Vehicle | No. (194/196), East Horse Race Course Road , Manaung Ward, Tamwe Township. “[email protected]” 095009887 , 09777773639 |
![]() | JPM Service Co., Ltd. | Personal Vehicles | No (42-A), New University Avenue St,Bahan Township. Yangon. “[email protected] , [email protected]” 095173244 , 09792828100 |
![]() | Min Min Maung Services Co., Ltd. | Personal Vehicles | No (19/20) , Baho Road , (7) Quarter, Kamaryut Township. “[email protected], [email protected]” 09773738585 , 09973738585 , 09963131777 |
![]() | Modern Trading Co.,Ltd. | Personal Vehicles | No. 54, 130 street,Thapyay Kone,Mingalar Taung Nyunt. “[email protected]” 095400206 |
![]() | Myanmar Theingi Service Co., Ltd. | Personal Vehicles | S 165, Ayarwaddy Road, Zabuthiri Township, Naypyitaw. “[email protected]” 09450935550 , 09444440988 |
![]() | Myint Myat Maung Co., Ltd. | Personal Vehicles | No, 206, Insein Street, 13 Ward, Hlaing Township. “[email protected]” 09965145313 , 09695145313 |
![]() | Naypyidaw Royal Princess | Personal Vehicles | No. 3079, Yarzahtarni Road, Bawgawadi Ward, NayPyiTaw. “[email protected]” 09400465463 , 09-699048198 , 09694034896 |
![]() | Pann Pu Eain Co., Ltd. | Personal Vehicles | No. 16/17), Ayeyarwun Road, Anawmar (1) Ward, (Near Anawmar Bus stop) Tharkayta Township. “[email protected]” 09775916816 |
![]() | PZ Car Sale Centre. | Personal Vehicles | Ngu Shwe War Road, Between 68 *639, South MandalarThiri Football Stadium, Chan Mya Thar Si Tsp, Mandalay. “[email protected] , [email protected]” 09444641122 , 09792013202 |
![]() | Royal Mega Six Co.,Ltd. | Personal Vehicles | No. 96, Pearl St, Industrial Zone (3) , Shwe Pyi Thar Township, Yangon. “[email protected] , [email protected]” 09443364466, 09443364477 , 095102715 , 09899860000 |
![]() | Royal (Taw Win) Co., Ltd. | Personal Vehicles | No. 1, Corner of Ta Yoat Tan Road & Phayargyi Rd, Yangon. “[email protected]” 09792130600 |
![]() | Shwe Phyo Phyo Co., Ltd. | Personal Vehicles | No. 10, Waizayantar Road, (6) Ward, South Oakkalapa Township, Yangon. “[email protected]” 09457887777, 095280514, 09763015578 |
Suzuki Pyay | Personal Vehicles | No. 239, Bogyoke Road, Ywarbel Ward, Pyay. “[email protected] , [email protected]” 095311913 | |
![]() | Thilawun Services Co.,Ltd | Personal Vehicles | Corner of Ahlone Road and Strand Road, Infront of Sweety Home, Ahlone Township, Yangon. “[email protected] , [email protected]” 0943260787, 095002324 |
![]() | Wun Yan Kha Services Co., Ltd. | Personal Vehicles | No. 1, Baho Road , (9) Ward, Hlaing Township, Yangon. “[email protected]” 095022577 , 09977109899 |
![]() | Ally Auto Services Company Limited | Personal Vehicles, Commercial Vehicles | No. 277/278, NguWah Street, Palae(2) Ward, Mingalardon Township, Yangon. “[email protected]” 09250024825 , 09420023493 |
![]() | Century International Trading Co., Ltd. | Personal Vehicles, Commercial Vehicles | No. (has-2), 35 Str, Bet 70*71 Str, Block No-700, Yan Myo Lone Ward, Chan Aye Thar Zan Township, Mandalay. “[email protected]” 09777456456 , 09777678678 |
![]() | Hundred of Moon Co., Ltd. | Personal Vehicles, Commercial Vehicles | No. 34, Shwe Gone Thiri Street, 37 Ward, North Dagon, Yangon. “[email protected]” 09791555768 , 09777777528 |
![]() | Lucky Family Co., Ltd. | Personal Vehicles, Commercial Vehicles | No. 23/A, No(3) Main Road, Thit Seint Kone Ward, Thingangyungyi Village Group, Mingalardon Township, Yangon. “[email protected]” 09450750003 , 09263111109 , 09261079711 |
![]() | San Ngwe Trading Ltd. | Personal Vehicles, Commercial Vehicles | No. 48, Taung Kyaung Street, Myoma Ward, Taunggyi. 09450050478 |
![]() | Tokyo Auto Co., Ltd. | Personal Vehicles, Commercial Vehicles | 66 Street, Between 110 x 111, Chan Mya Thar Si, Mandalay. “[email protected]” 092036067 , 09962036067 , 09442036067, 092036067 , 09400150041 |
![]() | Shwe Tun Co., Ltd | Agriculture Machinery | No.(5), Thirimon plaza- 3 rd Street, Mayangone Township, Yangon. 09261071656 |
For more information, please contact the nearest branches.
Hire Purchase
Frequently Asked Questions
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These are :
- SME Express Loan
- Distributor Loan
- Invoice Financing
- Transactor Loan
- Business Overdraft
- Business Loan
- Hire Purchase
- SMART Credit Business