The Central Bank of Myanmar (CBM) announced on October 17 that individuals and businesses in areas affected by the powerful Mandalay earthquake can now apply for rehabilitation loans.

The 6.0-magnitude earthquake, which struck on March 28, 2025, caused significant damage to homes, factories, and businesses in Nay Pyi Taw, Mandalay, Sagaing, Magway, and Bago regions, as well as parts of northern Shan State.

To assist in recovery efforts, the government has established a rehabilitation fund that will provide loans with terms ranging from three to five years at low interest rates.

According to CBM, loans will be available under the following categories: housing and building reconstruction loans at 3% interest, loans for MSMEs to cover working capital, machinery, water, electricity, solar, and investment needs at 5% interest, industrial restoration and operation loans at 7% interest, temporary loans for construction companies engaged in rebuilding public infrastructure at 7% interest.

Participating banks and financial institutions include AYA Bank, uab Bank, CB Bank, Ayeyarwady Farmers Development Bank, Yoma Bank, Construction, Housing and Infrastructure Development Bank, Myanmar Citizens Bank, Kanbawza Bank, Myawaddy Bank, Innwa Bank, Best Merchant Finance Co., Ltd, and Zega Finance Co., Ltd.

These institutions have been selected based on the Standard Operating Procedures (SOP) for the loan program, details of which can be found on the CBM website at www.cbm.gov.mm  (http://www.cbm.gov.mm/).

The CBM urged earthquake-affected residents and business owners to apply for the loans through the participating banks and non-bank financial institutions to support the rebuilding of their homes, workplaces, and communities.