Private banks offer hire purchase programmes, auto loans, home loans for seafarers, beneficiaries

Some private banks are offering auto loans to own a car and home loan programmes under hire purchase agreements with low deposits.
On 23 December, AYA Bank revealed how the bank buys foreign income of the seafarers with a high exchange rate and introduced the AYA card promotion programme for its debit card, credit card and prepaid card holders, auto loan and home loan programmes, AYA Sompo insurance services and benefits for the beneficiaries of the seafarers, at an event held at headquarters of Myanmar Seafarers Federation.
Additionally, Yoma Bank will also offer the best rate for the seafarer in foreign inward remittance. Opening Flexi Everyday Account of the Yoma Bank, service fee exemption for foreign income remittance and hire purchase system and home loan programme with low deposit and service fee exemption benefits for the seafarers will be provided, as per its statement.
The federation will hold an event regarding banking services for seafarers on 30 December 2022.—TWA/EMM