Commercial Vehicle Financing

Commercial Vehicle Financing

You can take advantage of CB Bank’s vehicle financing system by only paying 30 percent down payment of vehicles. Contact us before making the purchase to set up financing. Contact CB Bank at corporatebanking@cbbank.com.mm or alternatively talk to your Relationship Manager

Rates and Fees
  • First down payment – min. 30% of the asset value
  • Loan amount – 70% of the asset value
  • Used Car – 9% (flat)
  • New Car – 10% (amortization)
  • Service Charge – 1% p.a. (on loan amount)
  • Late fees – 0.3% on outstanding amount
  • Tenure for used year –  (up to 2 years)
  • Tenure for new car – (up to 5 years)
Requirements
  • Bank Statement
  • Financial statement
  • Business documents