EXCHANGE RATES 11/16/2018
USD BUY 1582 SELL 1591
SGD BUY 1146 SELL 1153
THB BUY 47.6 SELL 48.4
EUR BUY 1760 SELL 1790
EXCHANGE RATES     11/16/2018
USD BUY 1582 SELL 1591
SGD BUY 1146 SELL 1153
EUR BUY 1760 SELL 1790
THB BUY 47.6 SELL 48.4

Overdraft

KBZ offers Myanmar citizens loans and overdrafts, in order to promote development, increase business growth and to develop working capital within the country.

Applying for a loan

A typical term of loan and overdraft is one (1) year
It is thereafter renewable on a yearly basis.Cards at our ATMs.

Interest

13% annual

Interest

Loan interest is paid on the total amount approved and overdraft interest is paid on the amount used.

Payment period

1 Year
In order to increase the payment period, you will need to reapply for the loan

Required Documents

Business Information

  • Business license form
  • Company registration form
  • Receipts of revenue tax for the last 3 years
  • Financial statements for the last 3 years

Personal Documents

  • Copy of National ID
  • Household Registration
  • Letter of Recommendation clearly stating that you are living in shared quarters
  • Guarantee that you are single if you are single
  • Divorce papers and papers proving you aren’t marrying any time soon

Collateral

  • Documents concerning the ownership of properties
  • Grant, map and history of property

Under the Central Bank of Myanmar regulations, the following collateral are accepted

  • Immovable properties
  • Government bonds and securities
  • Machinery
  • Fixed deposits or Savings deposits
  • Goods
  • Gold
  • Company Shares

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