EXCHANGE RATES 08/18/2017
USD BUY 1350 SELL 1354
SGD BUY 988 SELL 994
THB BUY 39 SELL 40.5
EUR BUY 1582 SELL 1590
EXCHANGE RATES     08/18/2017
USD BUY 1350 SELL 1354
SGD BUY 988 SELL 994
EUR BUY 1582 SELL 1590
THB BUY 39 SELL 40.5

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

You might also be interested in

NEWSKBZ Bank and Yoma Bank take a leap forward with the first historic repurchase agreement (Repo) in Myanmar

A repurchase agreement (repo) is a form of short-term borrowing for a dealer in government

NEWSMyanmar’s largest privately-owned bank, KBZ Bank, appoints Mike DeNoma as Special Advisor to the Chairman

Mr. DeNoma to be supported by newly appointed Deputy CEOs of KBZ Bank Aung Kyaw Myo, Nang Lang

NEWSWomen entrepreneurs’ role in peace process

STATE Counsellor Daw Aung San Suu Kyi urged everyone to take the rule of law into consideration

NEWSKBZ Bank opens settlement account in US

KANBAWZA Bank (KBZ Bank) Limited, part of the KBZ Group of companies, announced yesterday that it