Interest Rate and Fixed Deposit
In accordance with the Central Bank of Myanmar’s Instruction No. 4/2020 of 24th March 2020, KBZ Bank is reducing interest rates, effective 1st April 2020.
We support the Central Bank’s initiative in reducing interest rates to support and stimulate the economy.
Please find the revisions to the interest rates on Loans, SME Loans, Fixed Deposit and Savings Accounts below:
Loan | ||
Type | Old | New |
Mortgage | 11.5% p.a. | 10% p.a. |
Normal Loans | 11.5% p.a. | 10% p.a. |
Quick Access Loans | 11.5% p.a. | 11.5% p.a. |
Shopper Installment Loans | 14.5% p.a. | 14.5% p.a. |
SME Loans | ||
Secured | ||
Type | Old | New |
SME Overdraft | 11.5% p.a. | 10% p.a. |
SME Term Loans | 11.5% p.a. | 10% p.a. |
Unsecured | ||
SME Overdraft | 14.5% p.a. | 10% ~ 14.5% p.a |
SME Term Loans | 14.5% p.a. | 10% ~ 14.5% p.a |
JICA Two Step Loans | ||
Secured | ||
Type | Old | New |
JICA Two-Step Loan | 7.0% p.a. | 5.5% p.a. |
Unsecured | ||
Type | Old | New |
JICA Two Step Loan | 11.5% p.a. | 5.5% ~ 10.5% p.a |
Fixed Deposit Account | |
Personal Account | |
30 Days Fixed Deposit | 6.5% p.a |
90 Days Fixed Deposit | 6.5% p.a. |
180 Days Fixed Deposit | 6.6% p.a. |
270 Days Fixed Deposit | 6.75% p.a. |
360 Days Fixed Deposit | 7.25% p.a. |
720 Days Fixed Deposit | 8% p.a |
1080 Days Fixed Deposit | 8.25% p.a |
Corporate Fixed Deposit Account | |
Corporate Fixed Deposit Account | Kindly contact your relationship manager |
For more information kindly contact your relationship manager or customer service representative.
Savings Account | |
Savings Account | 5% p.a. |
If you would like to review your bank accounts, or know your new interest rate, please contact the Customer Service Hotline on (+959) 951018555.
We shall be more than happy to serve you for any inquiries and services at KBZ Bank.