SME

SME Term Loan is designed specifically to assist SMEs in raising working capital or expanding production capacity.

The interest Rate is 10% to 13.5% (per annum). Calculation will be based on daily basis.

Repayment Period depends on the nature of enterprise

a) For Short Term            – up to 1 year

b) For Medium Term       – up to 3 years

c) For long Term             – up to 5 years.

1. SMEs and MSMEs in Myanmar that must have minimum Business operation of 2 years can be applied for SME Loan.
2. Maximum Loan Amount is up to 1 billion (MMK)), based on value of collateral and business cash-flow.

1. One-time of application fee 1% upfront on loan amount.
2. It will also have other Legal fees but it depends on type of collateral.

• NRC (Original/Copy)
• House Hold Registration (Original/Copy)
• Residence Recommendation Form Ward Office
• Applicant’s license one photo

• Updated Business License
• DICA Certificate of Incorporation and company extract, Company constitution resolution, Import/Export license
• At least 2 years of the financial records
• The last fiscal 2 years of Income Tax invoices

Can be accepted below types of collateral

• Land and Building
• Cash Collateral (Deposit)
• Bond
• Gold Bars and Jewelry
• Bank Guarantee
• Apartment and Condo
• Vehicles and Machinery

• At the moment, can be applied at the Shwe Bon Thar -Yangon Branch and Mandalay 84st Branch
• Monthly Amortization (principal + Interest)
• Can be applied Grace Period depend on loan purpose and business types.

It takes about 20days depend on Loan case conditions and criteria.

Not, it doesn’t need to pay any early settlement fees based on currently conditions.

1. Yes, it is calculated (2 %) per month on the default amount (P + I) based on daily basis.
2. It is charged to the loan account at the end of every month. (Capitalized)

No, It can’t. Operation experience must be at least 2 years.

No, It can’t. Operation experience must be at least 2 years. Therefore, can be reviewed business conditions.

It must be 2 years. But depend on business nature and conditions, can be accepted at least 2 years.

Yes, it needs compulsory.

It all depends on the purpose of taking loan, a tough business, willingness and other conditions.

It doesn’t need guarantors as compulsory but it needs at least 2 applicants when apply for SME Loan.

Click on the “link” button to find out more. Moreover you can get it by visiting the nearest FDB branch.