AYA Bank launches ‘AYA SME Demand Loan’ programme to boost SME support

Ayeyarwady Bank has introduced a programme called ‘AYA SME Demand Loan,’ offering long-term loans to small and medium-sized enterprises (SMEs) for acquiring raw materials, equipment, and machinery, as well as constructing factories and warehouses to facilitate business expansion.
Under this initiative, the maximum loan amount is K1 billion, and the principal repayment is structured in instalments of 30%, 30%, and 40% over three years. The interest rates range from 10% to 14.5%, and borrowers are required to make monthly or quarterly interest payments. The repayment period extends up to three years. To secure the loan, borrowers must provide plots of land, buildings, and condominiums as collateral. — TWA/ TMT