Group Loan
Terms and Conditions:
| Amount: | From 350,000 up to 500,000 Kyats |
| Maturity: | 12 months |
| Annual interest rate: | 28% (declining balance) |
| Number of Group members: | Min 3 members to Max 8 members |
| Disbursement Fee: | 1.5% of disbursed loan amount (based on 12 months) |
| Compulsory saving: | 5% of disbursed loan amount |
| Social Welfare Fees: | 0.5% of disbursed loan amount |
| Collateral: | Not required |
| Repayment frequency: | Monthly by equal installments (interest is paid only on the remaining balance) |
Requirements:
- Being permanent resident of the Republic of the Union of Myanmar and having valid NRC document:
- Having own profitable business, running at least past 3 consecutive months; or
- Having a steady source of income that allows to make loan repayments;
- Living in the community at least 12 months;
- Providing complete information on current and planned business activities.
Advantages:
- Quick application process and minimal paperwork (a decision to grant credit is given within 1 day);
- Favorable interest rates;
- No collateral requirement;
- No extra costs (for example, to open an account, cashing, assessment, and property insurance);
Favorable conditions for long-term cooperation with ever-improving credit conditions.
Individual Loan
Terms and Conditions:
| Amount: | From 1,500,000 up to 5,000,000 Kyats |
| Maturity: | 12 months up to 18 months |
| Annual interest rate: | 28% (declining balance) |
| Disbursement Fee: | 1.5% of disbursed loan amount (based on 12 months) |
| Compulsory saving: | 5% of disbursed loan amount |
| Social Welfare Fees: | 0.5% of disbursed loan amount (based on 12 months) |
| Collateral: | Not required, client provides minimum 1 guarantor and 1 household member as a co-signer |
| Repayment frequency: | Monthly by equal installments (interest is paid only on the remaining balance) |
Requirements:
- Being permanent resident of the Republic of the Union of Myanmar and having valid NRC document:
- Having own profitable business, running at least past 6 consecutive months; or
- Having a steady source of income that allows to make loan repayments;
- Living in the community at least 12 months;
- Providing complete information on current and planned business activities.
Advantages:
- Quick application process and minimal paperwork (a decision to grant credit is given within 1 day);
- Favorable interest rates;
- No collateral requirement;
- No extra costs (for example, to open an account, cashing, assessment, and property insurance);
- Favorable conditions for long-term cooperation with ever-improving credit conditions.
SME Loan
Terms and Conditions:
| Amount: | From 5,000,000 up to 10,000,000 Kyats |
| Maturity: | From 12 months up to 24 months |
| Annual interest rate: | 28% (declining balance) |
| Disbursement Fee: | 1.5% of disbursed loan amount (based on 12 months) |
| Compulsory saving: | 5% of disbursed loan amount |
| Social Welfare Fees: | 0.5% of disbursed loan amount |
| Collateral: | Not required, client provides minimum 1 guarantor and 1 household member as a co-signer |
| Repayment frequency: | Monthly by equal installments (interest is paid only on the remaining balance) |
Compulsory Saving
Terms and Conditions:
| Client profile: | Borrowers having an outstanding loan in Hayman Capital Co. Ltd |
| Deposit amount: | 5% of the loan amount |
| Annual interest rate: | 14% |
| Interest calculation method: | Calculated on the daily closing balance |
| Withdrawn conditions: | At the end of loan repayment |
| Withholding Tax: | None |
| Advantages: |
Fixed high interest rate; Precisely fixed time and interest income from the deposit; Interest rate is unchanged till the end of maturity date. |
Voluntary Saving
Terms and Conditions:
| Client profile: | Borrowers having an outstanding loan in Hayman Capital Co. Ltd |
| Deposit amount: | Unlimited amount |
| Annual interest rate: | 10% |
| Interest calculation method: | Calculated on the daily closing balance |
| Withdrawn conditions: | Anytime |
| Withholding Tax: | None |
| Other charges: | None |
| Advantages: | Fixed high interest rate; Precisely fixed time and interest income from the deposit; Interest rate is unchanged till the end of maturity date. |