Education Loan | |
Amount: | From 100,000 up to 300,000 Kyats |
Maturity: | 1 Year |
Annual interest rate: | 15% (declining balance) |
Documentation Fee: | 1.5% of disbursed loan amount (based on 12 months) |
Compulsory saving: | 4% of disbursed loan amount |
Benificary Welfare Fund: | 0.5% of disbursed loan amount (based on 12 months) |
Repayment frequency: | Weekly, Bi-weekly and Every Four Weeks based on Opreation Location |