Grant, Map and History of Property,previous contracts up to 3 ownerships
NRC
Household List
Receipts of revenue tax
Business License
Receipts of profit, trade and municipal taxes for the last 3 years (original & copy)
Photos of business, land and building given as collateral (front,back,left and right)
Companies
Application letter in company letterhead
Meeting Resolution and DICA Registration
Loan term is 3 years and interest/capital repayments can be made monthly or quarterly.
Descriptions on age of the entrepreneur, any successors, years of business experience, share, annual profit and details of the business.
Projected business and plan shall be submitted.
YOUR MONEY IS MAKING MONEY FOR YOU & YOUR FAMILY.
Interest Rates
INTEREST SHALL BE PAID MONTHLY OR QUARTERLY
PER ANNUM FOR EVERY MMK 100
10%
FOR LATE INTEREST PAYMENT
14%
FOR LATE CAPITAL REPAYMENT
2%
Note: The term of Pledge Loan is 6 months. Depending on the interest repayment and purpose of extension, it can be negotiable for next 3 months of extension by the approval at the meeting of Board of Directors.