What is Term Loan?

MCB provides Term Loan which can be used to make investments in the business.

BASIC DOCUMENTS REQUIRED

Required Documents

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.

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Product Features

MCB provides Term Loan which can be used to make investments in the business.