iMyanmarHouse.com, a leading Myanmar property website, successfully hosted sales event for AGD Bank home loan expo at Grand Ballroom of Pullman Hotel on 7 and 8 March 2020.
The ribbon-cutting ceremony of such sales event was held at 9 am on 7 March, and organized by U Than Yi, the Chairperson of AGD Bank, U Wai Lin Oo, the Deputy Managing Director, U Pyi Soe Htin , the Chief Business Officer and U Nay Min Thu, the Managing Director of iMyanmarHouse.com.
During the event, the buyers were offered free of Lawyer charges and service charges as well as 11% discount of interest. Houses and land worth from MMK20 million to MMK500 million were offered at special discount and long-term installment plan via AGD bank by over 30 construction companies. The event goers who prepared income source evidence, household registration, ID card, clearance certificate and ward recommendation letter, could apply AGD Bank Home loan.
“The main advantage of Home Loan is to own a house with 30% down payment without using a lump-sum of money. In the past, a house worth MMK20 million could only be purchased when you have such amount of money. Now, with AGD’s Home Loan, a house worth MMK20 million can be owned with a payment of MMK6 million. The monthly payment is as nearly as home rental fees. With AGD’s Home Loan Plan, there will be more people in Myanmar who can have their own houses. Investors who want to invest in real estates can buy a house by 30% down payment with such Home loan without using a lot of money. For them, monthly payments can be recovered from rental fees”, said Daw Htet Ei Phyu, the Deputy Head of Retail Business of AGD Bank.
“This event is hosted by iMyanmarHouse.com and the purpose of hosting the event is for employees and their families who want to have their own houses. If you are interested, you must have an amount of MMK6 million and able to settle 3 lahks and above monthly. If your salary is not enough for monthly payment, the collective incomes of other family members can be used”, said U Nay Min Thu, Managing Director of iMyanmarHouse.com.
