Consumer Loan “CL”
RHM’s Consumer Loan (CL) is structured as an incremental sales tool for product manufacturers and retailers. Our flexible CL product is designed to
- Enable selected retail customers to access financing for consumer purchases
- Allow distributors and wholesaler to access financing to allow increase purchases from manufacturers or wholesalers
Consumer Loans (CL) Applicant – Myanmar nationals with formal, stable employment of at least one (1) year or more.
Loan Amount – The maximum CL program Loan Amount is MMK 10,000,000- depending on the Loan Tenor.
Mandatory Saving Deposit – Inclusive within a CL program Loan Amount is a 5% Mandatory Deposit required by Myanmar microfinance regulations.
Loan Tenor - CL repayment periods may be flexible months depending on the Loan Amount and the consumer’s salary, with monthly fixed repayment amount (principal + interest).
Current Interest Rate – The current CL interest rate is 2.3% per month on reducing balances(Effective Rate 1.4%). The Mandatory Deposit interest is 14% per annum as mandated by the Financial Regulatory Department (FRD) of the Ministry of Planning & Finance (MOPF) of Myanmar.
Ruby Hill Microfinance Company Limited.
- No.117, Warden Street, Lanmadaw Township,
Yangon, Myanmar. - Email : [email protected]
- Tel : +95 1 231 7281, +95 9 421956349