Mingala Loan

About Mingala Loan

Mingala Loan: Easily Solve Your Financial Needs

Mingala Loan is Myanmar’s leading online lending platform, offering quick and reliable financial assistance to everyone in Myanmar. Our platform is user-friendly, enabling fast loan approvals and secure financial services. Whether it’s for emergencies, business growth, or daily necessities, Mingala Loan provides solutions tailored to your needs. Apply today and take a step towards greater financial freedom with Mingala Loan.

Why Choose Mingala Loan?

- Quick Application Process: Complete your loan application in just 3 minutes.
- Fast Approval: Receive approval quickly and access funds immediately.
- Convenient Repayment Plans: Choose repayment terms that suit your needs.
- Available Anytime, Anywhere: 24/7 customer support to address your financial requirements wherever you are.



Eligibility Requirements for Mingala Loan

- Age: Applicants must be at least 18 years old.
- Verified Identity: Must be a Myanmar citizen or hold a valid residence permit.
- Income Proof: A steady income source with a legitimate work permit is required.
- Valid Identification: NRC (National Registration Card) or passport is needed for verification.
Contact Information: Provide a reachable phone number.
Bank Account: Must have a Myanmar-based bank account for receiving and repaying the loan.
Good Credit History: No outstanding debts on previous loans.


Loan Details

- Loan Amount: Apply for up to 800,000 MMK.
- Loan Tenure: Flexible terms ranging from 91 to 365 days.
- Annual Percentage Rate (APR): Ranges from 10% to 20%.


Example Loan Calculation

1. If you borrow 600,000 MMK for 150 days at an interest rate of 0.05%:

- Annual Interest Rate (APR): 0.05% × 365 = 18.25%
- Interest for 150 days: 600,000 MMK × 0.05% × 150 = 45,000 MMK
- Total Repayment Amount: 600,000 MMK + 45,000 MMK = 645,000 MMK

Contact Us

For inquiries or assistance, please contact us:
Customer Support Email: [email protected]