AYA Home Loan

Dealer Program

Dealer program allows you to choose from wide range of residences from our list of authorized developers to purchase your dream home.

Individual Program

Individual program allows you to choose any home you wish to buy from any developers rather than bank’s authorized developers.

Any Myanmar Citizen with stable and reasonable income who is not younger than 20 years old and not older than 50 years at the point of loan application. Joint applicant is allowed (only immediate family members) for those who are older than 50 years old with low income.

Documents which reveal accurate information of above factors are needed to provide at the point of application such as NRC, Household list, Income statement or Salary slip.

Process

Applying through AYA Branches

• You can make an initial enquiry at any AYA branches in person if you wish to buy home with Individual Program.
• AYA Bank will provide required documents, fees and charges, general terms and conditions for you to fulfil for loan evaluation.
• Fill in the Home Loan Application Form correctly and submit along with the necessary documents at any AYA branches.

Applying through AYA Authorized Developers

• In dealer program, you can go directly to any Bank’s authorized dealer and choose your dream home from variety choices of Apartment, Condominium and Landed Property. Prepare necessary documents which will be advised by such dealer and approach to any AYA Branches for home loan application.
• AYA Bank will provide required documents, fees and charges, general terms and conditions for you to fulfil for loan evaluation.
• Fill in the Home Loan Application Form correctly and submit along with the necessary documents at any AYA branches.

Required Documents

Personal Information

• NRC and Household List (Copy)
• Original testimonial letter from Ward Administration Office
• Original testimonial letter from Police Station
• One Passport Size Photo of each applicant

 

Guarantor Information

• Guarantor’s NRC
• Guarantor’s Income Proof (Salary Slip)

Income Information

Salary Employed

• Employment Confirmation letter
• Salary Slip (minimum 3 months)
• Professional License (such as Doctor License, Seaman’s CDC)
• Bank Statement (minimum 3 months)

Self Employed

• Business License or Company License
• Form 6, Form 26 & Form E
• Memorandum and Articles of Association
• Income/Financial Statement (Operating Account)
• Tax Receipts (for 3years)

Property Information

Sales and Purchase Agreement executed with Seller (Land Owner’s signature to be included)
Title Documents

• Lease Agreement
• Land Map/ Land History (Form 105/ 106)
• Registered related contracts
• Sales and Purchase Agreement executed between Land Owner and Developer (as per property type)

Project Documents (For Individual Program)

• Project related documents
• Construction permit issued by YCDC
• Building Completion Certificate (BCC)

 

Check your loan eligibility now!

To know your estimated loan eligibility amount, please enter the following link to calculate https://homecalc.ayabank.com/

Terms and Conditions

• Bank shall approve the final loan amount based on the evaluation and authenticity of complete documents submitted by the applicants

• It is required to give tax (if necessary) to the respective government organization for documentation and registration depend on the house you wish to purchase

• It is required to fulfill the requirement of making minimum down payment 25%, service charges and other applicable fees related to bank’s facilities before living in the residence.

• Bank shall approve the final loan amount based on the selling price mentioned on the Sales and Purchase agreement. Any other additional costs will not be financed by the bank.

Your due date of Home Loan repayment is the disbursement date of the following month. Upon successful approval, the branch will inform you on the due date.

AYA Bank provides multiple channels for loan repayment:

• AYA Branch (during banking hours)
• AYA ATM (AYA MPU Cards only)
• AYA mBanking
• AYA iBanking