What is Education Loan?

Education Loan (ပညာရေးချေးငွေဝန်ဆောင်မှု) ဆိုသည်မှာနိုင်ငံခြားတက္ကသိုလ်များ၊ပြည်တွင်းရှိနိုင်ငံခြားတက္ကသိုလ်များ၊ မဟာဘွဲ့သင်တန်းများ နှင့် ဘွဲ့ကြိုသင်တန်းများကို တက်ရောက်ကာ ပညာရေးရည်မှန်းချက်တွေကိုအကောင်အထည်ဖော်ဆောင်နိုင်သော ချေးငွေအမျိုးအစားဖြစ်ပါသည်။

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Special Benefit

Terms and Conditions

Applicant

Basic documents required

Required Documents

Interest Rate and Service Fees

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Interest Rate
13% per annum.
MMCB report
20,000MMK
Collateral security
Land and buildings (Grand, free hold land)
Bank Service Charges
1.5 % (on loan amount)

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How To Apply

01
You can apply for a loan at the bank with documents showing that you have been admitted to a foreign university.
02
If the required documents are complete, the bank will provide the loan.
03
Once the process is complete, the money is paid to the borrower.
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Product Features

There are 2 types of automobile hire purchase loans: Loan on Brand New Car and Loan on Used car.

MCB Bank allows you to purchase your vehicle of choice. You can choose from a wide selection of used and brand new cars from our list of authorized dealers.

Upon submission of complete documents, you will be informed of the results within 1 week of submission.

  1. Customer interested to purchase the automobile with installment plan visits the car showrooms of dealers linked with Myanmar Citizens Bank and make inquiries.
  2. Customer makes contract with necessary documents and opens Current A/C at Myanmar Citizens Bank after choosing his/her preferred car.
  3. Customer provides initial deposit into Current A/C upon the complete analysis of necessary documents by the bank.
Downloadable Files

Locations/Addresses of Linked Dealers