MIN Kyan Sit Travel & Tours has partnered with Mahar Bawga Finance Co Ltd and signed an MOU to enable tourists to explore international destinations by obtaining travel loans and paying for their trips in instalments.

If the cost of a trip exceeds K5 million, travellers must provide proof of their assets. For trips costing less than K5 million, no asset verification is required. Travellers are required to repay the loan to the finance company in instalments.

“This arrangement is designed to make travel accessible to our cus­tomers. The interest rate is three per cent, and the service charge is seven per cent. We organize monthly trips for our customers, and the upcoming Gaya trip is scheduled for October. We plan to implement the loan system for this trip,” said an official from Min Kyan Sit Travel & Tours.

These loans can be repaid in in­stalments over six to twelve months. The required documents include an employment verification letter, a copy of the household list, and a copy of the citizenship scrutiny card. — ASH/TH