Compulsory Savings
မဖြစ်မနေ စုငွေ
Service Details
- ✓ Interest Rate: 14% per year
- ✓ Minimum Balance : 3% to 5% of Loan Amount
- ✓ Tenor : Same as Loan Tenor
- ✓ Interest Calculated using: Daily Balance
Interested in this service?
Consult with our expert advisors for personalized guidance and support.
Related Services
Frequently Asked Questions
Common questions about our Compulsory Savings service
Who can apply?
+Only Hayman's Members are eligible to apply.
What is the minimum amount required to open a savings amount?
+For Hayman loan services, savers are required to deposit 3% of group loans and 5% of individual loans as savings.
What interest rate is offered?
+Depending on the savings amount, an annual interest rate of up to 14% can be earned.
What documents are required?
+If the applicant is a Hayman loan customer, no additional documents are required.
How can an account be opened?
+The account can be opened by visiting the nearest Hayman branch in your township.
How is the interest calculated?
+Interest is calculated based on the daily account balance.
When can the savings be withdrawn?
+After the outstanding loan balance has been fully settled and all agreements have been cleared, savings can be withdrawn. Interest will be calculated up to the date of withdrawal.
How can savings be deposited?
+On the loan disbursement date, a specified percentage of the loan amount must be deposited as a one-time contribution.