Loan

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.

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.

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.

Individual Loan

Group Loan

Up to 10 million kyats

Up to 2 million kyats

Up to 24 months

Up to 12 months

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 Calculation (APR)

PeriodTotal PaymentPrinciple paymentInterest paymentBalance
111,580.728,780.722,800.00111,219.28
211,580.728,985.602,595.12102,233.68
311,580.729,195.272,385.4593,038.41
411,580.729,409.822,170.9083,628.59
511,580.729,629.391,951.3373,999.20
611,580.729,854.071,726.6564,145.13
711,580.7210,084.001,496.7254,061.13
811,580.7210,319.291,261.4343,741.84
911,580.7210,560.081,020.6433,181.76
1011,580.7210,806.48774.2422,375.28
1111,580.7211,058.63522.0911,316.65
1211,580.7211,316.65264.060.00
Total138,968.63120,00018,968.63

Effective Interest Rate Calculation (EIR)

PeriodTotal PaymentPrinciple PaymentInterest PaymentBalance
1 12,796 10,000 2,796 120,000
2 12,563 10,000 2,563 110,000
3 12,330 10,000 2,330 100,000
4 12,097 10,000 2,097 90,000
5 11,864 10,000 1,864 80,000
6 11,631 10,000 1,631 70,000
7 11,398 10,000 1,398 60,000
8 11,165 10,000 1,165 50,000
9 10,932 10,000 932 40,000
10 10,699 10,000 699 30,000
11 10,466 10,000 46620,000
12 10,233 10,000 233 10,000
Total 138,174 120,000 18,174

requirements

Eligibility

How To Get Our Services

Required Document