Hire Purchase

Business Banking > Loans

Hire Purchase

Business Banking > Loans

About Hire Purchase

Whether it’s machinery or equipment, finance your next purchases with Yoma Bank Hire Purchase. With a flexible payment schedule, Hire Purchase makes buying easy and secure for both buyers and sellers.

Available Hire Purchase Products

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Agricultural machine and Construction equipment

Medical equipment and Hospital equipment

Heavy machinery

Generators and Engines

Printing Machines

Solar

Note

*Assets must be purchased from a Yoma Bank authorized dealer

Loan Application Requirements

  • Original NRC and a copy
  • Original Household Registration and a copy
  • Original ward recommendation letter (Proof of residence)
  • Income verification documents
  • A personal guarantor may be required, and he/she may need to bring the above documents
requirement

A personal guarantor may be required, and he/she may need to bring the above documents

Hire Purchase Details

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Terms
Down payment*Minimum 30% of asset value
Establishment Fees*1% loan amount
Insurance*Around 1% of asset value***
Loan TermUp to 5 years
Note

* Rates may be subject to change

(a) Upfront Method

Interest may be subject to change depending on the type of asset as show below:

Monthly RepaymentQuarterly or Half Yearly Repayment
1 year – 8%*1 year – 9%*
2 years – 14%*2 years – 15%*
3 years – 20%*3 years – 20%*

*Rates may subject to change

(b) Equated Monthly Installment (EMI)

Interest is set at 12%* per annum.
*Rates may be subject to change

Note
Repayment plans will vary monthly, quarterly and half-yearly depending on the type of vehicles and machinery.
Monthly repayment can be done over the counter, through Wave Money Agents or via the Yoma Bank  Application.

All financed assets must be insured for the duration of the Hire Purchase term.

NameCategoryContact Details
Kubota Ayeyarwady Co., Ltd.Agriculture MachineryNo.(31), Phan Chet Wun U Shwe Oh Street, Industrial Zone (2), Yangon. [email protected] 09406667887
Kubota Maesod Myanmar Co., Ltd.Agriculture MachineryNo.45, Asia Road, Ywar Thit, Thingannyinaung Village, Myawaddy Tsp, Kayin.
“[email protected]
[email protected]
[email protected]” 09-798382404, 09421129746
Myan Shwe Pyi Tractors Ltd.Agriculture Machinery, Construction Equipment, Heavy MachineryNo.(249),1st Floor, Bargayar Road, corner of Aung Taw Mu Road, Myaynigone, Sanchaung Township. [email protected] 09 777000980
Myanmar Future Farm Group Co., Ltd.Agriculture MachineryJ/47-49 Thiri Yadanar Wholesale Compound, Thudhamma Road, North Okkalapa Township, Yangon. “[email protected]” 09976888388, 09972885030
Myanmar Phyo Co.,LtdAgriculture MachineryRoom(4), Kyweselkan Pwel Yone Tan, (6th Street), Pyigyitagon Township, Mandalay. “[email protected]” 09768088448, 09440049668
Shwe Htwet Toe Company LimitedAgriculture MachineryCorner 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 MachineryNo.(531), Myoma(3), Minn Road, Kawliya Ward, Pyuntasar, Nyaung Lay Bin. 09 5385712
Shwe Phone Co., Ltd.Agriculture MachineryNo.(G-5), Industrial (1), Between Yaw Min Gyi Street & Phoe Yazar Street, Yangon-Mandalay Road, Pyi Gyi Tankon Township, Mandalay Region, Myanmar. [email protected] 09765408873, 09765408809
Shwe Tun Co., Ltd.Agriculture MachineryNo.(5), Thirimon plaza- 3 rd Street, Mayangone Township, Yangon. 09261071656
Taung Paw Tharr Yee Shinn Co., Ltd.Agriculture MachineryBejing St, No.9/10, West Gyogone Ward, Insein Tsp, Yangon.

“[email protected], [email protected],

[email protected]

[email protected], [email protected],

[email protected],[email protected],

[email protected]”  09880812059 09750402022

Yoma Heavy Equipment Co.,Ltd.Agriculture Machinery, Heavy MachineryNo. 1159, FMI Cit Yangon-Pathein Main RoadHlaing Tharyar, Yangon Myanmar. “[email protected]” 09795767422 , 09765488598 , 09765488599
JIN LONG MYANMAR MACHINERY TRADING CO.,LTDGenerator and EnginesNo.(1/kha), Corner of Yangon-Pathein Highway & Kyansit Thar Street, Industrial Zone-3, Hlaing Tharyar Tsp, Yangon,Corner of 74th Street & MyoMaDinga Street, Near Tagontai Roundabout,Mandalay, Myanmar. [email protected] 09256334293, 09252668424,092010672
Stanol Myanmar Co., LtdGenerator and EnginesNo (101 & 66A) Corner Of Theik Pan Road, Mahar Myaing (1), Quarter (Ma-20), Mahaaungmyay Tsp, Mandalay,No(494), Thitsar Road, Near Thanthumar Road, Okkalapa (South) Township, Yangon. [email protected] 09940531333 ,09940529333
Myanmar New Power Motors Co., Ltd.Commercial Vehicle, Heavy MachineryNo.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
Sein Shwe Kyauk Wheel Loader TradingHeavy MachineryNo. 12, 35St, Bet (62×63)St, Chan Aye Thar Zan Tsp, Mandalay. “[email protected]” 09979415160
Mastech Co., Ltd.Solar EquipmentNo.72, Shwe Hnin Si Lane (6), 5Qtr, 9th Mile, Mayangone Township, Yangon. [email protected] 09421109403
Aung Phone Pyae Co., Ltd.Solar EquipmentNo.F(658),Thudhamma,North Okklapa Township, Yangon. [email protected] 09455544411, 09455544400
United Eleven Co., Ltd.Commercial VehiclesNo. 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
Mount Zion Co.,LtdHospital EquipmentNo. 99, Zion Tower, Maharthukhitar Street, East Gyogone Ward, Insein Township, Yangon. “[email protected]” 092024496 , 09975722480
Aung Say PaingOffice EquipmentHa – 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 VehiclesNo. 1, Wingabar Street, Bahan Township, Yangon “[email protected]” 09443016530 , 0973036999 , 09798104418
Andaman AL Co., Ltd.Personal VehiclesNo. (62/B), Baho Road,Kan Khaung Ward, Myeik T/S “[email protected]” 0959254704257
Auto Hub Service Co., Ltd.Personal VehiclesNo. (42/43D), MikyaungKan, Part (3), Khaymarthi Road, Thingangyun Township. “[email protected]” 095197060
Auto Top Power Co.,LtdPersonal VehiclesNo. 15, Kabaraye Pagoda Road, Near Hnin Si Kone Bo Bwar Yeik Thar, Yangon. “[email protected] , [email protected]” 095157474 , 097851574742
Energy Plus Trading Co., LtdPersonal VehiclesNo. 3, Ywarma Kyaung St, Hlaing, Yangon. “[email protected]” 095113939, 09421109988
Forerunner Business Group Co., Ltd.Personal VehiclesA2/002, Zawtika Housing, Thingangyun, Yangon. “[email protected]” 09-5191986
Garmanit Services Co., Ltd.Personal VehiclesNo. 22, Thukhawadi Street, Yanking Tsp, Yangon. “[email protected]” 09750119655 , 095550888 , 09770338882 , 09770338884
Grand Sirius Co.,Ltd.Personal VehiclesNo. 8, Room 3, Joe PhyuSt, Mingalar Taung Nyunt. “[email protected]” 09751001126
Green Gate Services Co., LtdPersonal VehicleNo. 1193/1195, Thudamar Lan Ma Gyi, 2Qtr, North Okklar. “[email protected]” 09780807799 , 09443669999
Hyper Auto Co., Ltd.Personal VehicleNo. 3, YadanarMon (7) Street, Yadanar Mon Housing , Hlaing Tsp, Yangon. “[email protected]” 09775111123 , 09776111123
Hyundai MMM Co.,Ltd.Personal VehicleNo. (194/196), East Horse Race Course Road , Manaung Ward, Tamwe Township. “[email protected]” 095009887 , 09777773639
JPM Service Co., Ltd.Personal VehiclesNo (42-A), New University Avenue St,Bahan Township. Yangon. “[email protected] , [email protected]” 095173244 , 09792828100
Min Min Maung Services Co., Ltd.Personal VehiclesNo (19/20) , Baho Road , (7) Quarter, Kamaryut Township. “[email protected], [email protected]” 09773738585 , 09973738585 , 09963131777
Modern Trading Co.,Ltd.Personal VehiclesNo. 54, 130 street,Thapyay Kone,Mingalar Taung Nyunt. “[email protected]” 095400206
Myanmar Theingi Service Co., Ltd.Personal VehiclesS 165, Ayarwaddy Road, Zabuthiri Township, Naypyitaw. “[email protected]” 09450935550 , 09444440988
Myint Myat Maung Co., Ltd.Personal VehiclesNo, 206, Insein Street, 13 Ward, Hlaing Township. “[email protected]” 09965145313 , 09695145313
Naypyidaw Royal PrincessPersonal VehiclesNo. 3079, Yarzahtarni Road, Bawgawadi Ward, NayPyiTaw. “[email protected]” 09400465463 , 09-699048198 , 09694034896
Pann Pu Eain Co., Ltd.Personal VehiclesNo. 16/17), Ayeyarwun Road, Anawmar (1) Ward, (Near Anawmar Bus stop) Tharkayta Township. “[email protected]” 09775916816
PZ Car Sale Centre.Personal VehiclesNgu 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 VehiclesNo. 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 VehiclesNo. 1, Corner of Ta Yoat Tan Road & Phayargyi Rd, Yangon. “[email protected]” 09792130600
Shwe Phyo Phyo Co., Ltd.Personal VehiclesNo. 10, Waizayantar Road, (6) Ward, South Oakkalapa Township, Yangon. “[email protected]” 09457887777, 095280514, 09763015578
Suzuki PyayPersonal VehiclesNo. 239, Bogyoke Road, Ywarbel Ward, Pyay. “[email protected] , [email protected]” 095311913
Thilawun Services Co.,LtdPersonal VehiclesCorner 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 VehiclesNo. 1, Baho Road , (9) Ward, Hlaing Township, Yangon. “[email protected]” 095022577 , 09977109899
Ally Auto Services Company LimitedPersonal Vehicles, Commercial VehiclesNo. 277/278, NguWah Street, Palae(2) Ward, Mingalardon Township, Yangon. “[email protected]” 09250024825 , 09420023493
Century International Trading Co., Ltd.Personal Vehicles, Commercial VehiclesNo. (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 VehiclesNo. 34, Shwe Gone Thiri Street, 37 Ward, North Dagon, Yangon. “[email protected]” 09791555768 , 09777777528
Lucky Family Co., Ltd.Personal Vehicles, Commercial VehiclesNo. 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 VehiclesNo. 48, Taung Kyaung Street, Myoma Ward, Taunggyi. 09450050478
Tokyo Auto Co., Ltd.Personal Vehicles, Commercial Vehicles66 Street, Between 110 x 111, Chan Mya Thar Si, Mandalay. “[email protected]” 092036067 , 09962036067 , 09442036067, 092036067 , 09400150041
Shwe Tun Co., LtdAgriculture MachineryNo.(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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  • Efficient Application Process: Experience a streamlined and expedited application procedure.
  • Extended Accessibility: Loan applications can be submitted at Retail Centers throughout the entire week.
  • Competitive Pricing: Benefit from lower charges and fees, ensuring cost-effective financing.

You can choose and purchase an unlimited number of vehicles based on your repayment capacity.

You can apply using combined household income, and any additional sources of income with supporting documentation will be considered.

Read all FAQs

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