Loans

Here at AGD, we are always looking to help you grow your business. 

We offer a wide range of business loans to meet your needs. 

SME Loans

AGD Bank helps to grow the SME sector by providing flexible financing services - from working capital to helping you to acquire long-term capital investments.

SME Loan Eligibility Criteria
 
  • Sole proprietorship firms
  • Partnership firms
  • Private limited companies
  • Manufacturing, trading and service units
  • The firms should be in profitable operation at least for the last two years
The following are the facilities offered to the SME units
 
  • Term loan for the purchase of equipment/capital investment
  • Working capital through cash credit, overdraft, etc
  • Bill purchase or discounting
  • Export credit facilities
  • Bank Guarantees
     

For more information, write to us at [email protected] and we will get back to you. 

Business Loan

General requirements for all types of business loan/ financing applications:

(A) Required Document List for Sole Proprietorship

1.      Up to date business license

2.      Audited Financial Statements (Recent 3 years)

3.      Receipts of Tax Revenue (Recent 3 years)

4.      Business Activity Photos

5.      Actual Monthly, Yearly Income, Purchase List (minimum 6 months) / Stock Balance

6.      Purpose of financing details (with documents)

7.      Meeting Minutes for Loan Application  (or)

(B) Required Documents List for Corporation


  Please provide documents from Section A (1 to 7). In addition,

8.     Certificate of Incorporation


9.     Import / Export License/ Business License


10.   Memorandum of Association and Articles of Association


11.   Form 6 / Form 26 / Form E (Update)

Required Personal Documents
  1. Copy of NRC ID (Borrower + Guarantor)

  2. Household Registration (copy of census)

  3. Letter of Recommendation from Housing Ward Administration

     

*The following documents are required only if Sole Proprietorship

    4. Marriage certificate or Letter of Recommendation from Ward Administration (OR) divorce case, need to provide mutual divorce agreement + partition deed.

Required Collateral Documents
  1. Title of Registration Deed / Ownership

  2. Related requirements for this collateral (eg, Absolute Sales Contract, The Gift deed, affidavit, changing register, Special or General Power, Succession declaring deed, etc)

  3. 105 / 106 Form (minimum past 12 months) with the description of “Apply for Bank Loan”

  4. Utility expenses slip of the collateral security (minimum 1-month slip)

  5. Building Photos (all sides)
     

For more information, write to us at [email protected], and we will get back to you. 

Project Financing

Requirements for Project Financing Application:

I.(A) Required Document List for Sole Proprietorship

  • Up to date business license
  • Audited Financial Statements (recent 3 years)
  • Receipts of Tax Revenue (recent 3 years)
  • Business Activity Photos
  • Actual Monthly, Yearly Income, Purchase List (minimum 6 months) / Stock Balance
  • Purpose of financing details (with documents)
  • Meeting Minutes for Loan Application

(B) Required Documents List for Corporation

  • Up to date Business license
  • Audited Financial Statements (recent 3 years)
  • Receipts of Tax Revenue (recent 3 years)
  • Business Activity Photos
  • Actual Monthly, Yearly Income, Purchase List (minimum 6 months) / Stock Balance
  • Purpose of financing details (with documents)
  • Meeting Minutes for Loan Application
  • Certificate of Incorporation
  • Import / Export License/ Business License
  • Memorandum of Association and Articles of Association
  • Form 6 / Form 26 / Form E (Update)

II.Required Personal Documents

  • Copy of NRC ID (Borrower + Guarantor)
  • Household Registration (copy of census)
  • Letter of Recommendation from Housing Ward Administration

*The following documents are required if you are a Sole Proprietorship

  • Marriage certificate or Letter of Recommendation from Ward Administration (or)
  • If divorce case, need to get mutual divorce agreement + partition deed 

III.Required Collateral Documents (for both Sole Proprietorship & Corporation)

  • Title of Registration Deed / Ownership
  • Related requirements for this collateral (eg, Absolute Sales Contract, The Gift deed, affidavit, changing register, Special or General Power, Succession declaring deed, etc)
  • 105 / 106 Form (minimum past 6 months) with the description of “Apply for Bank Loan

  • Utility expenses slip of the collateral security (minimum 1-month slip)

  • Building Photos (all sides)

For more information, write to us at [email protected], and we will get back to you.  

Short Term Financing

We can structure cash flow financing to meet your specific short term cash requirement. STL will be structured to enhance your profitability by scheduling the repayment to match the cash flow available to repay the debt.

For more information, write to us at [email protected], and we will get back to you. 

Working Capital Financing/Overdraft

Our team of customer-driven relationship managers with wide industry experience in various segments will not only help to identify your working capital requirement but also offer working capital finance by way of cash credit or loans suitably structured to your needs and your risk profile.

For more information, write into us at c[email protected], and we will get back to you.

Hire Purchase

AGD's Hire Purchase product is talior-made for those wanting to own their dream automobile or motorbike.

An installment payment plan will need to be made, and can range from 1 year to 5 years. Please take note that our installment plan can only be after an initial downpayment has been made. 

Loans

Interest rate: 12% per year

Service charges: 1% per year

Hire Purchase

Is an installment payment plan that can be taken from 1 to 2 years after a person makes the first initial down payment. 

Down Payment
  • 30% (Up to 5,000,000 MMK)
  • 25% (5,100,000 MMK-10,000,000MMK)
  • 20% (above 10,000,000 MMK)
Rental Fees
  • 6 months:4%
  • 1 year: 9%
  • Two years: (9%+9%) (upon the outstanding balance)
Service Charges
  • 6 months: 1%
  • One year: 1%
  • Two years: (1% + 1%) (upon the outstanding balance)
 Amortization Method
  • Interest  - 13%  
  • EMT  - Equal Monthly Installment

For more information, please write to us at [email protected], and we will get back to you.

Term Loan

Helps to expand your business and purchase commercial assets to set up a new industrial unit or expand/modernize your existing unit. Our term loan will be structured based on future cash flows with flexible repayment tenure.

For more information, write to us at [email protected], and we will get back to you.