Hire Purchase
Hire Purchase
AGD's Hire Purchase product is talior-made for those wanting to own their dream automobile or motorbike.
An installment payment plan will need to be made, and can range from 1 year to 5 years. Please take note that our installment plan can only be after an initial downpayment has been made.
Loans
Interest rate: 9% per year
Service charges: 1% per year
Hire Purchase
Is an installment payment plan that can be taken from 1 to 2 years after a person makes the first initial down payment.
Down Payment
- 30% (Up to 5,000,000 MMK)
- 25% (5,100,000 MMK-10,000,000MMK)
- 20% (above 10,000,000 MMK)
Rental Fees
- 6 months:4%
- 1 year: 9%
- Two years: (9%+9%) (upon the outstanding balance)
Service Charges
- 6 months: 1%
- One year: 1%
- Two years: (1% + 1%) (upon the outstanding balance)
Amortization Method
- Interest - 9%
- EMT - Equal Monthly Installment
For more information, please write to us at corporatebanking@agdbank.com, and we will get back to you.