Seasonal Loan | |
Amount: | From 100,000 up to 1,000,000 Kyats |
Maturity: | 6 months up to 12 months |
Annual interest rate: | 28% (declining balance) |
Documentation Fee: | 1.5% of disbursed loan amount (based on 12 months) |
Compulsory saving: | 4% of disbursed loan amount (based on 12 months) |
Benificary Welfare Fund: | 0.5% of disbursed loan amount (based on 12 months) |
Repayment frequency: | Every Four Weeks |