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.