Home Loan

Conditions
Loan Period3 to 25 years
Interest Rate10%
Minimum Down Payment25% up to 150 million MMK property value, from 150 mllion MMK to 200 million is 30%, above 200 million MMK down payment is 35%
Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers
Fees
Service Fees1.5% of the loan amount
Stamp Duty0.5% of the loan amount
Fire InsuranceAs charged by insurance company

Eligibility

  • Myanmar nationals and expats married to Myanmar Nationals
  • Age at least 18 years old, not more than 65 years old
  • If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

  • National Registration Card
  • Residence Recommendation by Ward Official
  • Passport Size Photo
  • House Hold Registration Copy

For Salaried Employee

  • Employer Recommendation Letter
  • Bank Statement (6 months)
  • Tax slips
  • Payslips

For SME Business Owners

  • Valid business License
  • Tax Slips (3 years)
  • Balance Sheet (3 years)
  • Bank Statement (6 months)

KBZ Bank reserves the right to amend or change, substitute terms and conditions of this service and/or any charges at any time for any reason at its sole discretion and without any prior notice. For more information, please visit your nearest KBZ Bank Home Loan branch, or call our hotline at 09951018555 available 24/7 for you.

KBZ Home Loan For Professionals

Conditions
Loan AmountMin. 30 million MMK, Max 200 million MMK
Loan Period3 to 25 years
Interest Rate10%
Minimum Down Payment45%
Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers
Fees
Service Fees1.5% of the loan amount
Stamp Duty0.5% of the loan amount
Fire InsuranceAs charged by insurance company

Eligibility

  • Myanmar nationals and expats married to Myanmar Nationals
  • Age at least 18 years old, not more than 65 years old If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/daughter/nephew/niece/grandchildren in their household registration list who have a stable income. Deposit minimum 45% downpayment.
  • Specialists, Professors, Architectural Engineers, Lawyers, International Consultant, or other Professionals (on a case by case basis)
  • It is required to have 2 months EMI in the Bank Statement.

Documents Required

  • National Registration Card
  • Photo (Passport Size)
  • House Hold Registration Copy (to show the original)
  • Recommendation of Residence by the Ward
  • Bank Statement (6 months)
  • If you are a professional, you have to show the relevant license issued by the respective professional fields.

KBZ Bank reserves the right to amend or change, substitute terms and conditions of this service and/or any charges at any time for any reason at its sole discretion and without any prior notice. For more information, please visit your nearest KBZ Bank Home Loan branch, or call our hotline at 09951018555 available 24/7 for you.

KBZ Home Loan To Business Owners

Conditions
Loan Period3 to 25 years
Interest Rate10%
Minimum Down Payment25% up to 150 million MMK property value, from 150 mllion MMK to 200 million is 30%, above 200 million MMK down payment is 35%
Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers
Fees
Service Fees1.5% of the loan amount
Stamp Duty0.5% of the loan amount
Fire InsuranceAs charged by insurance company

Eligibility

  • Myanmar nationals and expats married to Myanmar Nationals.
  • Age at least 18 years old, not more than 65 years old.
  • If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

  • National Registration Card
  • Photo (Passport Size)
  • House Hold Registration Copy (to show the original)
  • Recommendation of Residence by the Ward
  • Registered Partnership Deed
  • Tax Slip (3 years)
  • Bank Statement (3 years)
  • 3 years financial statement for the monthly profit.
  • As an additional income statement, you can submit the bank savings for (6) months.
  • The other partners’ meeting minutes to submit the financial statements to the Bank for applying Home Loan.

KBZ Bank reserves the right to amend or change, substitute terms and conditions of this service and/or any charges at any time for any reason at its sole discretion and without any prior notice. For more information, please visit your nearest KBZ Bank Home Loan branch, or call our hotline at 09951018555 available 24/7 for you.

KBZ Rental Income Loan

Conditions
Loan AmountMinimum 30 million to maximum 150 million (if the rental income is 75% and below 75% of the income, we will approve the loan amount as per the normal Home Loan.)
Loan Period3 to 12 years
Interest Rate10%
Minimum Down Payment30%
Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers
Fees
Service Fees1.5% of the loan amount
Stamp Duty0.5% of the loan amount
Fire InsuranceAs charged by Fire Insurance

Eligibility

  • Myanmar nationals and expats married to Myanmar Nationals.
  • Age at least 18 years old, not more than 65 years old
  • If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

  • National Registration Card
  • Photo (Passport Size)
  • House Hold Registration Copy (to show the original)
  • Recommendation of Residence by the Ward

Documents to be submitted related with the rental property For immoveable property

  • Grant
  • Sale and Purchase agreements and related documents (original and copy)
  • Form 105/106 (it should be granted name) (original and copy)
  • Valid original rental agreement
  • The customer should have the grant name for the ownership of the property.
  • Fire insurance (or) full insurance needs to be provided.

For moveable property

  • The Bank will take the Owner Book with the applicant’s name, Sales and Purchase Agreement and rental agreement as the collateral.
  • For all the ownership, fire insurance (or) full insurance should be covered.

KBZ Bank reserves the right to amend or change, substitute terms and conditions of this service and/or any charges at any time for any reason at its sole discretion and without any prior notice. For more information, please visit your nearest KBZ Bank Home Loan branch, or call our hotline at 09951018555 available 24/7 for you.

KBZ Plot Plus Construction Home Loan

Conditions
Loan AmountUp to 150 Million MMK
Loan Period3 to 25 years
Interest Rate10%
Minimum Down Payment25%
Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers
Fees
Service Fees1.5% of the loan amount
Stamp Duty0.5% of the loan amount
Fire InsuranceAs charged by Fire Insurance

Eligibility

  • Myanmar nationals and expats married to Myanmar Nationals.
  • Age at least 18 years old, not more than 65 years old
  • If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

  • Drawing Design, the estimated cost, agreement between the land owner and the contractor
  • Initially, if the loan for the plot is approved by the bank, it should be changed with the applicant’s name.
  • Construction Design must comply with the approval of the bank.
  • As per loan request, the loan amount must be used for construction.
  • Construction should be built during 18 months of loan disbursement.

The construction cost should not exceed assesed value of the plot.

KBZ Bank reserves the right to amend or change, substitute terms and conditions of this service and/or any charges at any time for any reason at its sole discretion and without any prior notice. For more information, please visit your nearest KBZ Bank Home Loan branch, or call our hotline at 09951018555 available 24/7 for you.

KBZ Home Improvement Loan

Conditions
Loan AmountUp to 70% of the renovation cost
Loan Period3 to 5 years
Interest Rate10%
Minimum Down Payment40%
Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers
Fees
Service Fees1.5% of the loan amount
Stamp Duty0.5% of the loan amount
Fire InsuranceAs charged by Fire Insurance

Eligibility

  • Myanmar nationals and expats married to Myanmar Nationals
  • Age at least 18 years old, not more than 65 years old
  • If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

If it is the Landed Property, the applicant should have the granted ownership.

  • Copy of Lease Hold Land (The original should submit to the Bank after loan approval.)
  • Owner Book for apartment, condo, mini-condo and copy of sales and purchase agreement (Original should be given to the Bank as the collateral after loan approval.)
  • Engineering Drawing Detail
  • Estimate Costs
  • Agreement between the land owner (or) apartment, condo, mini-condo owner and the decoration company (or) contractor.
  • Payment Schedule by completion stage.

KBZ Bank reserves the right to amend or change, substitute terms and conditions of this service and/or any charges at any time for any reason at its sole discretion and without any prior notice. For more information, please visit your nearest KBZ Bank Home Loan branch, or call our hotline at 09951018555 available 24/7 for you.

KBZ Step Up Loan

Conditions
Loan Amountminimum 15 million and above
Loan Period8 to 25 years
Interest Rate7% for 1st Year | 8% for 2nd Year | 10% for 3rd Year and onwards ( Interest Rate will be 8.5% for those who make a 50% down payment)
Minimum Down Payment25% up to 150 million MMK property value, from 150 million MMK to 200 million is 30%, above 200 million MMK down payment is 35%
Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers
Fees
Service Fees2 % of the loan amount
Stamp Duty0.5% of the loan amount
Fire InsuranceAs charged by Fire Insurance

Eligibility

  • Myanmar nationals and expats married to Myanmar Nationals
  • Age at least 18 years old, not more than 65 years old
  • If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

  • National Registration Card
  • Residence Recommendation by Ward Official
  • Photo (Passport Size)
  • House Hold Registration Copy (to show the original)

For salaried employee, employer recommendation letter

  • Bank Statement (6 months)
  • Tax slips
  • Payslips

For SME business owners

  • Valid business license
  • Tax slips (3 years)
  • Balance Sheet (3 years)
  • Bank Statement (6 months)

KBZ Bank reserves the right to amend or change, substitute terms and conditions of this service and/or any charges at any time for any reason at its sole discretion and without any prior notice. For more information, please visit your nearest KBZ Bank Home Loan branch, or call our hotline at 09951018555 available 24/7 for you.