English | Myanmar

Car Loan

This mode of financing not only helps consumer to get the products easily but also, helps seller to reduce working capital cycle in his business.

  • Down Payment – 25-30% (Min)
  • Loan Amount – 70-75% (Max)
  • Interest rate - 18% per annum (EMI Method)
  • Loan Tenor - 2 years (Max)
  • Service Charges - 1% on Loan Amount

Required Documents

  1. Related documents such as copy of car owner book, insurance book, wheel tax, contract, photos of car
    (front, back, right side and left side).
  2. Photo (1 pc)
  3. NRC (Copy)
  4. Permanent/ Temporary Household Registration Document (Copy)
  5. House Rental or Evidence of Ownership (Copy)
  6. Criminal Clearance Letter (Original)
  7. Proof of Residency (Original)
  8. Proof of Income (Original)
For Private/Public Company Staff - Submit document with the Company Letter Head mentioning complete address, applicant’s name, salary, year of service, position and authorized person signature issued within one month.

For Government Staff – Submit document sealed and signed by authorized officer, mentioning authorized officer name, position and personal’s number.

For Military/Police - Submit document by applicant’ name, position and personal’s number, salary, year of service & position issued within one month.

Self-Employment - Valid Business Register Certification or Trading License or Valid Contract/ Agreement with Partners.