Home Loan Detail - KBZ Bank

KBZ Home Loan
KBZ Home Loan For Professionals
KBZ Home Loan for Partnership Business Owners
KBZ Rental Income Loan
KBZ Plot Plus Construction Home Loan
KBZ Home Improvement Loan
KBZ Step Up Loan
KBZ Home Construction Loan

Home Loan

Conditions
Loan Amount	Minimum 14 Million Maximum LTV 70%
Loan Tenor	3 to 25 years
Interest Rate	If the down payment is 50% and above, the interest rate is 11% If the down payment is 50% of below, the interest rate is 13%
Minimum Down Payment	Minimum 30% of Bank Assessor value

Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers

Fees
Service Fees	1.5% of the loan amount
Stamp Duty	0.5% of the loan amount
Fire Insurance	As charged by insurance company

Eligibility

Myanmar nationals and expats married to Myanmar Nationals
Age at least 18 years old, not more than 65 years old
If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

National Registration Card
Residence Recommendation by Ward Official
Passport Size Photo
House Hold Registration Copy

For Salaried Employee

Employer Recommendation Letter
Bank Statement (6 months)
Tax slips
Payslips

For SME Business Owners

Valid business License
Tax Slips (3 years)
Balance Sheet (3 years)
Bank Statement (6 months)

KBZ Bank reserves the right to amend or change, substitute terms and conditions of this service and/or any charges at any time for any reason at its sole discretion and without any prior notice. For more information, please visit your nearest KBZ Bank Home Loan branch, or call our hotline at 09951018555 available 24/7 for you.

KBZ Home Loan For Professionals

Conditions
Loan Amount	Minimum 14 Million Maximum LTV 70%
Loan Tenor	3 to 25 years
Interest Rate	If the down payment is 50% of above, the interest rate is 11% If the down payment is 50% of below, the interest rate is 13%
Minimum Down Payment	Minimum 30% of Assessor value.

Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers

Fees
Service Fees	1.5% of the loan amount
Stamp Duty	0.5% of the loan amount
Fire Insurance	As charged by insurance company

Eligibility

Myanmar nationals and expats married to Myanmar Nationals
Age at least 18 years old, not more than 65 years old If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/daughter/nephew/niece/grandchildren in their household registration list who have a stable income. Deposit a minimum 30% down payment.
Specialists, Professors, Architectural Engineers, Lawyers, International Consultant, or other Professionals (on a case by case basis)
It is required to have 2 months EMI in the Bank Statement.

Documents Required

National Registration Card
Photo (Passport Size)
House Hold Registration Copy (to show the original)
Recommendation of Residence by the Ward
Bank Statement (6 months)
If you are a professional, you have to show the relevant license issued by the respective professional fields.

KBZ Home Loan For Partnership Business Owners

Conditions
Loan Amount	Minimum 14 Million Maximum LTV 70%
Loan Tenor	3 to 25 years
Interest Rate	If the down payment is 50% of above, the interest rate is 11% If the down payment is 50% of below, the interest rate is 13%
Minimum Down Payment	Minimum 30% of Assessor value.

Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers

Fees
Service Fees	1.5% of the loan amount
Stamp Duty	0.5% of the loan amount
Fire Insurance	As charged by insurance company

Eligibility

Myanmar nationals and expats married to Myanmar Nationals.
Age at least 18 years old, not more than 65 years old.
If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

National Registration Card
Photo (Passport Size)
House Hold Registration Copy (to show the original)
Recommendation of Residence by the Ward
Registered Partnership Deed
Tax Slip (3 years)
Bank Statement (3 years)
3 years financial statement for the monthly profit.
As an additional income statement, you can submit the bank savings for (6) months.
The other partners’ meeting minutes to submit the financial statements to the Bank for applying Home Loan.

KBZ Rental Income Loan

Conditions
Loan Amount	Minimum 14 Million Maximum LTV 70%
Loan Tenor	3 to 25 years
Interest Rate	If the down payment is 50% of above, the interest rate is 11% If the down payment is 50% of below, the interest rate is 13%
Minimum Down Payment	Minimum 30% of Assessor value

Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers

Fees
Service Fees	1.5% of the loan amount
Stamp Duty	0.5% of the loan amount
Fire Insurance	As charged by Fire Insurance

Eligibility

Myanmar nationals and expats married to Myanmar Nationals.
Age at least 18 years old, not more than 65 years old
If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

National Registration Card
Photo (Passport Size)
House Hold Registration Copy (to show the original)
Recommendation of Residence by the Ward

Documents to be submitted related with the rental property For immoveable property

Grant
Sale and Purchase agreements and related documents (original and copy)
Form 105/106 (it should be granted name) (original and copy)
Valid original rental agreement
The customer should have the grant name for the ownership of the property.
Fire insurance (or) full insurance needs to be provided.

For moveable property

The Bank will take the Owner Book with the applicant’s name, Sales and Purchase Agreement and rental agreement as the collateral.
For all the ownership, fire insurance (or) full insurance should be covered.

KBZ Plot Plus Construction Home Loan

Conditions
Loan Amount	Minimum 14 Million Maximum LTV 70%
Loan Tenor	3 to 25 years
Interest Rate	If the down payment is 50% of above, the interest rate is 11% If the down payment is 50% of below, the interest rate is 13%
Minimum Down Payment	Minimum 30% of Assessor value

Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers

Fees
Service Fees	1.5% of the loan amount
Stamp Duty	0.5% of the loan amount
Fire Insurance	As charged by Fire Insurance

Eligibility

Myanmar nationals and expats married to Myanmar Nationals.
Age at least 18 years old, not more than 65 years old
If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

Drawing Design, the estimated cost, agreement between the land owner and the contractor
Initially, if the loan for the plot is approved by the bank, it should be changed with the applicant’s name.
Construction Design must comply with the approval of the bank.
As per loan request, the loan amount must be used for construction.
Construction should be built during 18 months of loan disbursement.

The construction cost should not exceed assesed value of the plot.

KBZ Home Improvement Loan

Conditions
Loan Amount	Minimum (10) Million Maximum LTV 70%
Loan Tenor	3 to 5 years
Interest Rate	13%
Minimum Down Payment	30% of the estimated renovation cost

Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers

Fees
Service Fees	1.5% of the loan amount
Stamp Duty	0.5% of the loan amount
Fire Insurance	As charged by Fire Insurance

Eligibility

Myanmar nationals and expats married to Myanmar Nationals
Age at least 18 years old, not more than 65 years old
If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

If it is the Landed Property, the applicant should have the granted ownership.

Copy of Lease Hold Land (The original should submit to the Bank after loan approval.)
Owner Book for apartment, condo, mini-condo and copy of sales and purchase agreement (Original should be given to the Bank as the collateral after loan approval.)
Engineering Drawing Detail
Estimate Costs
Agreement between the land owner (or) apartment, condo, mini-condo owner and the decoration company (or) contractor.
Payment Schedule by completion stage.

KBZ Step Up Loan

Conditions
Loan Amount	Minimum 14 Million Maximum LTV 70%
Loan Tenor	8 to 25 years
Interest Rate	First year =10% , Second year =11% , The rest year = 11% (DP 50% of above) First year =10% , Second year =11% , The rest year = 13% (DP 50% of below)
Minimum Down Payment	Minimum 30% of Assessor value

Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers

Fees
Service Fees	2 % of the loan amount
Stamp Duty	0.5% of the loan amount
Fire Insurance	As charged by Fire Insurance

Eligibility

Myanmar nationals and expats married to Myanmar Nationals
Age at least 18 years old, not more than 65 years old
If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

National Registration Card
Residence Recommendation by Ward Official
Photo (Passport Size)
House Hold Registration Copy (to show the original)

For salaried employee

Bank Statement (6 months)
Tax slips
Payslips
Employer recommendation letter

For SME business owners

Valid business license
Tax slips (3 years)
Balance Sheet (3 years)
Bank Statement (6 months)

KBZ Home Construction Loan

Conditions
Loan Amount	Minimum 14 Million Maximum LTV 70%
Loan Tenor	3 to 25 years
Interest Rate	အတိုးနှုန်း အတိုးနှုန်း ၈.၅% (ကနဦးပေးချေငွေ ၅၀% နှင့်အထက်) အတိုးနှုန်း ၁၀% (ကနဦးပေးချေငွေ ၅၀% အောက်)
Minimum Down Payment	30% of the estimated construction cost

Conditions are subject to the Bank’s sole discretion in changing it without prior notice to customers

Fees
Service Fees	1.5%
Stamp Duty	0.5% of the loan amount
Fire Insurance	As charged by insurance company.

Eligibility

Myanmar nationals
Age at least 18 years old, not more than 65 years old
If the applicant is above 65 years at the loan maturity date, he can co-apply with his son/ daughter/ nephew/ niece/ grandchildren in their household registration list who have a stable income.

Documents Required

Copy of lease hold (Original needs to be submitted after loan approval)
Related contracts, heir contract, contract of offering the property to the heir (if any)
Copy of agreement between land owner and contractor (if any)
Copy of Form (105/106) (to construct a building and get bank’s loan)
Construction Permit and Engineering Drawing Detail
Copy of contractor licence
Commitment from the contractor to build as per the Construction permit and get the BCC
Commitment from the family members that they do not sell, offer, pawn and donate to others and they agree the loan application and no objections from their side
The estimate cost and time to complete the project