Contact Us
Bank Guarantee Apply Services Online
Personal Internet Banking Corporate Internet Banking

What is Hire Purchase Commercial Loan?

MCB has provided financing to large businesses to further develop their businesses. Whether it is for transportation of government trucks, construction machinery, construction services, housing services, or service businesses, you can get a loan through MCB installment service.

Related Products
EMI Calculator
We help customers achieve more.

Special Benefit

  • Purchase Commercial Vehicle Car with 40% (or) 20% with other collateral of total value for 3years installment.
  • Many range of Commercial brands and types are available at dealer linked with MCB.

Terms and Conditions

Applicant

  • Applicant must be the citizen of Myanmar and holder of NRC and rage of age between 23 to 60 years.
Basic documents required

Required Documents

Fees & Charges

Table Header Table Header
Interest Rate
13% – 15% p.a
MMCB report
20,000MMK
1% on financing amount –from buyer
1% on financing amount –from Dealer/Seller
Downloadable Files

Locations/Addresses of Linked Dealers

Access the list in PDF Format.

Loan Calculator

Get the right loan amount at the right rates!

EMI Calculator
Explore And Apply Now

How To Apply

01
Customer interested to purchase the automobile with installment plan visits the car showrooms of dealers linked with Myanmar Citizens Bank and make inquiries.
02
Customer makes contract with necessary documents and opens Current A/C as Myanmar Citizens Bank after choosing his/her preferred car.
03
If the documents for applying for a bank loan are complete, the bank will process the loan and disburse it to the seller's account upon receipt of the loan.
Apply Online
Find answers

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

Access the list in PDF Format.
Access the list in PDF Format.