Home Equity Loan

Personal Banking > Loans

Home Equity Loan

Personal Banking > Loans

About Home Equity Loan

With Yoma Home Equity Loan, you can use your currently owned residential property as security to fund major purchases for yourself and your family.

You can easily and quickly apply for a loan to cover personal expenses such as healthcare, education, and social needs.

Choose the perfect loan for you

Features & Benefits

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Easy repayment through a monthly installment system

Loan repayment period can be extended every 3 years, up to a maximum of 10 years

Loan Application Requirements

  • Myanmar citizens aged 18 or older (must present proof of NRC)
  • Salaried employees or entrepreneurs with a monthly income of 600,000 MMK or above
  • Salaried employees and entrepreneurs over the age of 65 may apply together with family members who are under 60 years old

  • NRC (Original) and family registration list (Original)
  • Original ward recommendation letter (proof of residence)
  • Proof of income (employment verification or business registration details, etc.)
  • Income statement
  • Collateral documents

  • Land & Building
  • Condominium
  • Mini-Condo
  • Apartment

(All collaterals must have YCDC, NCDC, or MCDC approval, government-issued owner book, management office approval, or developer-issued owner book with the estate office)

requirement
Note

For full document requirements, please contact to our skilled loan specialist at your nearest branch.

Before you apply, please review the following information

Home Equity Loan Details

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Terms
Interest Rate13% per annum*
Establishment FeesAt least 250,000 MMK (or) 1.5% of the approval loan amount (whichever is higher)

* Rates may subject to change

Note

Important Notice to Customers – please note that the bank does not charge any additional fees for processing the loan application when using third-party channels. The bank is not responsible for payments to any third party appointed by the customer. Customers are strongly encouraged to communicate directly with the bank for all matters.

Important Info for customers.

Terms and conditions apply.

  • Land & Building
  • Condominium
  • Mini-Condo
  • Apartment

(All collaterals must have CYCDC, NCDC, MCDC approval, government granted owner book, management office granted, developer granted owner book with estate office)

Home Equity Loan

Frequently asked questions

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The available loans are:

For more information, please contact Yoma Bank’s 24/7 call center – 9662 or 097 9662 9662 or Yoma Bank official Facebook page, or go to the nearest branch during operating hours. Don’t forget to bring your NRC/Passport.

Read all FAQs

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