Project Loan

"Empower your business growth with our Tender Project Loan. Designed specifically for successful tenderers, we provide up to 30% of your contract value in flexible financing. Benefit from competitive interest rates, streamlined documentation, and a repayment structure aligned with your project’s progress payments."

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Product Information

Tender Project Loan

Documentation Requirements & Official Terms

 

(A) Required Documentation

(1) Original Loan Application Letter from the Company Limited, stating specific reasons for the loan.
(2) Copies of valid Company Registration and Business License.
(3) Copies of Memorandum of Association (MOA) and Articles of Association (AOA).
(4) Copies of corporate forms: Form-E, Form-6, and Form-26.
(5) BOD Meeting Minutes and Resolutions (Original) - Must include:
  • Decision to open a bank account at Yadanarbon Bank for the loan.
  • Authorization of specific individuals to sign contracts and perform transactions.
  • Identity documents (NRC, Household List) and specimen signatures of representatives.
(6) Audit Reports and Profit & Loss Statements for the last (3) years.
(7) Copy of Tax Assessment (Form-8) and Tax Payment Receipts for the most recent year.
(8) Original Notification Letter from MCDC authorizing a loan disbursement of 30% of contract value.
(9) Signed Tender Contract and official supporting documents for the tender award.
(10) Recommendation Letter from MCDC consenting to the loan and agreement to deposit payments into the bank account.
(11) Project Schedule, Financial Projections, Supplier Contracts, and Repayment Schedules.
 

(B) Terms and Conditions

Policy Item Condition Details
Interest Rate 13.5% per annum (Paid quarterly: June, Sep, Dec, March).
Max Loan Amount Up to 30% of the total project contract value.
Repayment 75% of each progress payment received must settle principal and interest.
Guarantee Must be backed by a Guarantee (L-25) from the relevant Ministry/MCDC.
Collateral If no Bank Guarantee, a 10% Cash Deposit of project value is required.

⚠️ Note: Interest must be paid quarterly in accordance with bank procedures. Successful tenderers must provide a Departmental Recommendation Letter.

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