At only minimum down payment 10% (local education loan), it is now easier to pay for your education.
Features and Benefits
- Can extend loan period 6 months beyond course duration
- Grace period is applicable up to 6 months
Rates and Fees
- Minimum down payment 20% (Overseas Education Loan)
- Minimum down payment 10% (Local Education Loan)
- Interest Rate : 9% per annum (Flat)
- Service Charges : 1% (on loan amount)
*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
- Copy of admission letter of the Institute/University along with Fees schedule, course duration and fees.
- Copy of NRC Card and household registration.
- Letter from town council with the remark saying for loan application.
- Testimonial from respective police station.
- For employees, recommendation letter from employer for verification of current designation, salary and updated pay slips.
- For self-employed, most recent audited financial statements for the company owned or company license.
School List
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POST GRADUATE LOAN |
OVERSEA EDUCATION LOAN |
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