Type
of Loan: Working Capital Loan
Key Features
Short-term financing to the everyday operations of a business such as sales and marketing, product development, wages and other activities. The short-term financing provided by working capital loans helps companies bridge financial gaps—for example the time between the collection accounts receivable and payments of accounts payable, or in a seasonal business to cover periods of low activity.
- Credit Limit : Up to 500 Million MMK
- Loan Term : Up to 12 months (Depends on loan type, borrower’s request and A Bank consideration)
- Interest Rate : 10% per annum
- Collateral : Lands and Building, Hypothecation with vehicles and machines, Deposits Account, Pledge, Government Treasury Bond, Gold and jewelry, Warehouse Receipt (Ex: Paddy stock locked by third party and locked receipt is given as proof), Personal and Organization Guarantee, real estate, or moveable properties
- Repayment : Monthly/Quarterly Amortization
- Fees : Service Charges of up to 3% of approved loan
- : Other fees per Bank’s announcement
Qualifying Criteria
- Individual business owner or juristic person
- Age 20-65 years old (for individual customers)
- Good business performance and financial record
- Other conditions as specified by A Bank
Require Documents