Small business loan is a product which is offered to both male and female entrepreneurs.
The key features of this loan are:
- The loan is for existing business expansion only
Loan ceiling (1st loan) | MMK 1,000,000 – 3,000,000 |
Follow-on loan | Up to MMK 1,000,000 |
loan processing fees | Applicable |
No. of instalments | 23 / 12 |
Loan duration / period | 12 months |
Processing time for 1st loan | 1 - 2 weeks |
Grace period | 4 weeks |
Age limit | 21 - 60 |
Maximum loan limit | MMK 5,000,000 |
Collateral requirement | Not required |