AGD Bank cares to grow.

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.