Employee Loan

Maximum loan amount can be get 1.5 times of basic income up to 2,000,000 MMK

Employee Loan

Maximum loan amount can be get 1.5 times of basic income up to 2,000,000 MMK

This is a service program for those who are doing business or employer and those who have monthly income.

Age between 18 ~ 60 years old
Must be Full-time Employees (After probation period only)
For self-employed, most recent audited financial statements for business owned or business license.
Myanmar Citizen only
Must have MoMoney Account

Interest Rate is 2.33% per month
Monthly Repayment
Maximum loan amount or Credit amount can be get 1.5 times of basic income up to 2,000,000 MMK
Finance terms or Loan terms can be choose 3 Months/ 9 Months/ 12 Months
Saving charges is 1,000 MMK and services charge is 2% of the loan amount with a tenor of 12 months (which are 1.5% for application Fee and 0.5% for Beneficiary Welfare Fund)

Interest Rate is 2.33% per month
Maximum loan amount or Credit amount can be get 1.5 times of basic income up to 2,000,000 MMK
Finance terms or Loan terms can be choose 3 Months,9 Months and 12 Months
Saving charges is 1,000 MMK and services charge is 2% of the loan amount with a tenor of 12 months ( which are 1.5% for application Fee and 0.5% for Beneficiary Welfare Fund )

Provide copy of NRC and must show original NRC
Provide copy of Employee ID and must show original Employee ID
Provide Pay Slip (last 3 months bank statement) or original recommendation letter which issued within one month with the salary statement including authorized person signature from HR Department.
Provide Original Resident Proof which issued within one month
Provide copy of Household Certificate and must show original

Provide copy of NRC and must be show original NRC
Provide copy of Employee ID and must be show original Employee ID

One Reference
One Guarantor

Age between 18 ~ 60 years old
Must be Full-time Employees (After probation period only)
For self-employed, most recent audited financial statements for business owned or business license.
Myanmar Citizen only
Must have MoMoney Account

Interest Rate is 2.33% per month
Monthly Repayment
Maximum loan amount or Credit amount can be get 1.5 times of basic income up to 2,000,000 MMK
Finance terms or Loan terms can be choose 3 Months/ 9 Months/ 12 Months
Saving charges is 1,000 MMK and services charge is 2% of the loan amount with a tenor of 12 months (which are 1.5% for application Fee and 0.5% for Beneficiary Welfare Fund)

Interest Rate is 2.33% per month
Maximum loan amount or Credit amount can be get 1.5 times of basic income up to 2,000,000 MMK
Finance terms or Loan terms can be choose 3 Months,9 Months and 12 Months
Saving charges is 1,000 MMK and services charge is 2% of the loan amount with a tenor of 12 months ( which are 1.5% for application Fee and 0.5% for Beneficiary Welfare Fund )

One Reference
One Guarantor

Provide copy of NRC and must show original NRC
Provide copy of Employee ID and must show original Employee ID
Provide Pay Slip (last 3 months bank statement) or original recommendation letter which issued within one month with the salary statement including authorized person signature from HR Department.
Provide Original Resident Proof which issued within one month
Provide copy of Household Certificate and must show original

Provide copy of NRC and must be show original NRC
Provide copy of Employee ID and must be show original Employee ID

Questions?

Get Answers

What is MO Loan?

MO Loan is one of the loan services in which a person who is employee or self employed can apply for general usage, business investment and educational use.

How to apply for a MO Loan?

MO Loan can be applied from MO LAF application, ENQUIRE NUMBER, Loan Officer.

MO loan service can be applied?

Yangon Division – Pazundaung, Botahtaung,Dala, Thanlyin, Insein, Htantabin, Hmawbi.

Bago Division – Bago.

Mon State – KyiteHto, Tha Htone.

Who can apply for an Education Loan?

Age between 18 ~ 60 years old and only Myanmar Citizen can apply Education Loan

How much interest rate will be charged?

2.33% Monthly and 28% Annually

How can I make repayment for MO Loan?

MO Loan can be repaid to MO MFI (Loan officers) at MO Kiosk currently.

Any late fees will be charged if repayment is late?

No, late fees will not be charged but it may affect to the next Loan application.

How long will the Loan Term be?

3 months, 6 months, 9 months,12 months based on loan service

Are there any additional charges and fees?

2% for total (1.5% – Processing charges, 0.5% BWF) Saving – 1,000 MMK

How many guarantors need to apply for a MO Personal Loan?

One applicant, one family guarantor or colleague and Institute/University or School as guarantor

Sign up for updates from MO

Quick Links

Singapore

68 Circular Road, #02-01, Singapore 049422

Myanmar

Tower B, Level 3, 66-76, Corner of Merchant Road and Pansodan Street, Kyauktada Township, Yangon 11182, Myanmar

Thailand

Ekkarnai – 30 Sukhumvit Soi 61, Khlong Tan , Watthana, Bangkok,10110

Vietnam

No. 22, Lane 20 Ho Tung Mau, Mai Dien Ward, Cau Giay District, Hanoi City, Vietnam