About Credit Guarantee Insurance Loan
For SME business owners looking for quick and easy funding to grow their operations, applying for an MTB Bank Credit Guarantee Insurance Loan is a great option. These businesses can apply for bank loans more quickly, which solves the main issue of having to provide collateral.
Loan Amount | Loan Tenor | Interest Rate | Service Charges |
Maximum 500 Mil | 1 to 3 years | 12% to 15% | Service Fees only submit to Myanmar Insurance |
Requirements
- NRC
- Passport Photo
- Household Member List(Form 6/66)
- Ward Recommendation Letter for Living address
- Business license
- DICA certificate of incorporation and company extract, company constitution Resolution, Import/export license.
- BOD Resolution, Company Profile (for exceptional case).
- Receipts of income tax for the last 3 years (if applicable).
- Financial statements for the last 3 years.
- Business Plan for Loan Purpose,
- Evidence for Ownership Documents
- Creation of Title deeds documents
Note:
Depending on the purpose of the loan application and the type of business, additional documents may be required