Loan

Agriculture Loan Icon

AGRICULTURE LOAN

Farmers with good plans are welcomed to our Agriculture Loan. With the loan, farmers can finance in buying seeds, fertilizer, modernizing agricultural machineries and equipment, or raising livestock, etc. to either diversify or improve agricultural activities for increasing their agricultural production. The loans are provided with flexible repayment methods based on real seasonal cash flows of the agricultural activities.

Small Business icon

SMALL BUSINESS LOAN

Astute entrepreneurs, who aim at maximizing profit through realistic expansion plans on existing business or a viable start-up plan for new investments, find that access to our Business Loan for any business needs always experiences flexible realiability and convenience. Our business loan will open opportunities for your business to leverage through solving its financial difficulties or investing in capital expenditures or working capital.

CONSUMPTION LOAN

Improvement of household welfare is now affordable with our Consumption Loan. Realize your dreams through access to the loan for improvement of your home, purchasing of car, motorbike, equipment of your home, purchasing of car, motorbike, equipment and furniture etc. as well as for household healthcare and education purposes.

  • Lending Methodology

Individual Loan

Group Loan

  • Loan Amount

Up to 10 million kyats

Up to 1.5 million kyats

  • Loan Period

Up to 24 months

Up to 12 months

  • Interest Rate

2.5 per month/ 30% per annum

2.5 per month/ 30% per annum

Interest Calculation

Demonstrative calculation upon loan amount 120,000 MMK with interest rate 2.5%. SATHAPANA uses EIR calculation method.

 Annual Percentage Rate Calculation (APR)
PeriodTotal PaymentPrinciple paymentInterest payment
Balance
111698.46
8698.46
3000.00
111301.54
211698.46
8915.92
2782.54
102385.62
311698.46
9138.82
2559.64
93246.80
411698.46
9367.29
2331.17
83879.51
511698.46
9601.47
2096.99
74278.04
611698.46
9841.51
1856.95
64436.53
711698.46
10087.55
1610.91
54348.98
811698.46
10339.74
1358.72
44009.24
911698.46
10598.23
1100.23
33411.01
1011698.46
10863.18
835.28
22547.83
1111698.46
11134.76
563.70
11413.07
1211698.40
11413.07
285.33
0.00
Total140381.46
120000
20381.46
 Effective Interest Rate Calculation (EIR)
PeriodTotal PaymentPrinciple paymentInterest payment
Balance
1 13,000 10,000 3,000 120,000
2 12,750 10,000 2,750110,000
3 12,500 10,000 2,500 100,000
4 12,250 10,0002,250 90,000
5 12,000
10,000 2,000 80,000
611,750 10,0001,750 70,000
7 11,500
10,000 1,50060,000
8 11,250 10,000 1,250 50,000
911,000 10,000 1,000 40,000
10 10,750
10,000 750 30,000
11 10,500 10,000 500 20,000
12 10,250
10,000 250 10,000
Total 139,500 120,000 19,500

requirements

Eligibility

  • Age over 18 years old
  • Have own residential address
  • Have sufficient repayment capacity
  • Have good background, chacteristic and willing to pay back
  • Have no willing to move residential address

How To Get Our Services

  • Go to any of our offices that is nearest to you
  • Contact our staff directly
  • No brokers or intermediaries required
  • No commission or charges to be paid other than what mentioned in our price list

Require Document

  • Copy of national registration card (NRC)
  • Copy of household registration card
  • Residential address acknowledgement letter
  • Borrowers' photo (Optional)
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