Car Loan

Car Loan

With CB Bank Hire Purchase program, you do not need to wait until you have full amount of money to drive your dream car.

Features and Benefits

Everyone aged 18 to 59 with monthly income can easily own a dream car.
Get up to 70% or lower than that amount of the loan for your car purchase.
Loan tenure up to 5 years for brand new cars.

Rates and Fees

Down Payment : from 30% up to 70%
Interest Rate (Brand-new) : 14% per annum (Amortization)
Service Charge : up to 2% (on loan amount)
Loan Tenure (Brand-new) : up to 5 years
Early Repayment Fees : 3% on the total outstanding balance

*Disclaimer: Interest rate is subject to change from time to time in accordance with the directives of the Central Bank of Myanmar. The bank reserves the right to make any changes to the above rates and fees at any time without prior notice.

Requirements

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