Solar loan
Borrow to buy solar panels and related equipment for personal use if you are a Myanmar citizen with regular monthly income.
Tato příležitost je nyní dostupná v angličtině.
AYA Bank finances solar panels and related equipment through its hire-purchase programme. The bank sends the loan money to its authorised dealer, and you repay the loan through monthly payments deducted from your AYA Bank Payroll Account.
You can borrow up to MMK 30 million for up to two years. The published interest rate is 13% per year, with a service charge of up to 2%. You must pay at least 30% of the solar package purchase price yourself, plus the service charge and other applicable bank fees before purchasing the system.
The bank determines the final loan amount using the selling price in the Sales and Purchase agreement. It does not finance other additional costs.
Eligibility
- You must be a Myanmar citizen aged 18–59 with regular monthly income.
- The solar system must be for personal use and purchased from a dealer authorised by AYA Bank.
- Provide employment or employment-and-salary confirmation, an employee identification card, and an agreement allowing monthly repayments to be deducted directly from your AYA Bank Payroll Account.
- A guarantor must provide identity and household-registration documents, employment or employment-and-salary confirmation, and at least three months of salary slips or payroll transaction records.
How to apply
- Stav
- Průběžně otevřené
- Podmínky daného kola žádostí
- Apply at a nearby AYA Bank branch after choosing an authorised dealer.[^c5][^c8]
Visit an AYA Bank authorised dealer to choose your solar system and prepare the documents the dealer advises. Complete the application form and submit it at your nearest AYA branch with the original “In-Principle Loan Approval Letter”, personal documents, income evidence and product documents.
The applicant documents include a National Registration Card copy, two passport-size photos, household-registration copy, and a ward recommendation letter or electricity/water bill, alongside the employment and payroll documents. Prepare the guarantor documents as well.
Pay the minimum down payment, service charge and other applicable bank fees before purchasing the system. The bank transfers the financed amount to the authorised dealer.