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, 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

28% per annum

28% per annum

Interest Calculation

Demonstrative calculation upon loan amount 120,000 MMK with interest rate 28% per annum. SATHAPANA uses EIR calculation method.

 Annual Percentage Rate Calculation (APR)
PeriodTotal PaymentPrinciple paymentInterest payment
Balance
111580.72
8780.72
2800.00
111219.28
211580.728985.60
2595.12
102233.68
311580.729195.27
2385.45
93038.41
411580.729409.82
2170.90
83628.59
511580.729629.39
1951.33
73999.20
611580.729854.07
1726.65
64145.13
711580.7210084.00
1496.72
54061.13
811580.7210319.29
1261.43
43741.84
911580.7210560.08
1020.64
33181.76
1011580.7210806.48
774.24
22375.28
1111580.7211058.63
522.09
11316.65
1211580.7211316.65
264.06
0.00
Total138968.63120000
18968.63
 Effective Interest Rate Calculation (EIR)
PeriodTotal PaymentPrinciple paymentInterest payment
Balance
1 12,796
10,000 2,796
120,000
2 12,563
10,000 2,563
110,000
3 12,330
10,000 2,330
100,000
4 12,097
10,000 2,097
90,000
5 11,864
10,000 1,864
80,000
6 11,631
10,000 1,631
70,000
7 11,398
10,000 1,398
60,000
8 11,165
10,000 1,165
50,000
9 10,932
10,000 932
40,000
10 10,699
10,000 699
30,000
11 10,466
10,000 466
20,000
12 10,233
10,000 233
10,000
Total 138,174
120,000 18,174

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

Required Document

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