Loan

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AGRICULTURE LOAN

Agriculture and husbandry promote not only food security of the country, but also enhance the household income level of the family, especially living in the rural area. The SATHAPANA’s agricultural loan is designed to provide financing to all kinds of investment for the business activities in agricultural productions (including husbandry, fishery and forestry) such as purchasing of seeds, fertilizers, agricultural equipment, paying labor charges, and so on.

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SMALL BUSINESS LOAN

Micro, small, and medium enterprises play vital role in the economic development of the country. It promotes income of the people through generation of various employment opportunities by initial start up and business expansion of entrepreneurs. SATHAPANA Limited encourages and empowers entrepreneurs in both rural and urban area by providing sustainable financial services for their start-up and expansion of their businesses.

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CONSUMPTION LOAN

Consumption loan is designed to provide to use in home improvement and purchasing household appliances such as furniture, home improvement, purchasing motorbike and other compulsory household expenses. It can be also used in education, health in the time of financial needs for clients. SATHAPANA aims to promote the socio-living standards and business of clients, and to generate higher income by providing this consumption loan.

  • Lending Methodology

Individual Loan

Group Loan

  • Loan Amount

Up to 10 million kyats

Up to 2 million kyats

  • Loan Period

Up to 30 months

Up to 18 months

  • Interest Rate

28% per annum

28% per annum

Interest Calculation

Demonstrative calculation upon loan amount 120,000 MMK with interest rate 28% per annum. SATHAPANA uses EIR calculation method.

Annual Percentage Rate (APR) Calculation

No. Monthly Payment Interest Principle Loan Balance
120,000
1 11,581 2,800 8,781 111,219
2 11,581 2,595 8,986 102,234
3 11,581 2,385 9,195 93,038
4 11,581 2,171 9,410 83,629
5 11,581 1,951 9,629 73,999
6 11,581 1,727 9,854 64,145
7 11,581 1,497 10,084 54,061
8 11,581 1,261 10,319 43,742
9 11,581 1,021 10,560 33,182
10 11,581 774 10,806 22,375
11 11,581 522 11,059 11,317
12 11,581 264 11,317 -
Total 138,969 18,969 120,000

Effective Interest Rate (EIR) Calculation

No. Monthly Payment Principle Interest  Loan Balance
120,000
1 12,851 10,000 2,854 110,000
2 12,363 10,000 2,363 100,000
3 12,378 10,000 2,378 90,000
4 12,071 10,000 2,071 80,000
5 11,902 10,000 1,902 70,000
6 11,611 10,000 1,611 60,000
7 11,427 10,000 1,427 50,000
8 11,189 10,000 1,189 40,000
9 10,921 10,000 921 30,000
10 10,713 10,000 713 20,000
11 10,460 10,000 460 10,000
12 10,238 10,000 238
Total 138,127 120,000 18,127

requirements

Eligibility

  • Age over 18 years old
  • Have own residential address
  • Have sufficient repayment capacity
  • Have good background, chacteristic and willing to pay back
  • Have no willing to move residential address

How To Get Our Services

  • Go to any of our offices that is nearest to you
  • Contact our staff directly
  • No brokers or intermediaries required
  • No commission or charges to be paid other than what mentioned in our price list

Required Document

  • Copy of national registration card (NRC)
  • Copy of household registration card
  • Residential address acknowledgement letter
  • Borrowers' photo (Optional)