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What is MCB Home Loan?

MCB Home Loan is a loan in which borrowers can conveniently finance Landed Houses, Land, Apartments or Condominiums in installments for their residential need and construction of new house/renovation of existing house.

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Property Types

LANDED HOUSE
APARTMENT
CONDOMINIUM
We help customers achieve more.

Special Benefit

  • Own your dream property with 30% down-payment.
  • Have opportunity to make investment by financing the property.
  • Choose the most suitable loan amount for your income.
  • Can get a loan if you want to build on your own land or renovate your house.
  • Monthly instalment repayment, up to 15 years of loan term.
  • Finance the property by means of our safe and sound service.
  • Joint borrowing is available in financing the property you preferred.
  • Apply conveniently at MCB’s any service touch points or branches.

Home Loan Application Process

  • Initially make inquiries about Home Loan information such as available options, necessary documentations as well as relevant eligibility criteria in details by visiting the nearest branches (service touch points) and fill in the proposed amount in the application. (Counseling)* We welcome inquiries over the phone.
  • Collect and submit necessary documents and apply for the preferred property. The bank validates the information and documents provided by the applicant. (Document Collection – Verification)
  • Eligible borrower submits the application with all necessary documents to the bank after having the agreement with seller. (Loan Application)
  • When all disbursement conditions and documents are fulfilled, lending officer shall proceed the process in 2 weeks or 1 month to disburse the loan. (Loan Disbursement)
  • Home Loan agreements shall be signed, and borrower provides initial down-payment and charges to the bank. (Loan Agreement)

Eligibility

  • Applicant should be 23 years or above.
  • If employee, she/he must have minimum 2 years of employment with current employer and submit the pay slips or proof of salary.
  • Applicant must Myanmar citizens and hold National Registration Card (NRC)
  • Applicant must have a monthly income of Ten Lakh Kyats or more, either individually or as a family.

Interest Rate

  • Most reasonable rate – 10% p.a.

Down Payment

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Apartment/Condominium
30%
Land & Building
30%
Construction of New House/ Renovation of Existing House
40%
Land
50%

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How To Apply

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Downloadable Files

Disclosure

Home Loan Flyer
Home Loan Application Form
Home Loan Product Paper