Loan Deferment Program for Consumer Loan

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Loan Deferment Program for Consumer Loan

COVID-19 brings significant challenges for individuals, businesses and communities from all over the world including Myanmar. Under this difficult situation, we at CB Bank sympathise the potential challenges faced by our loan customers in terms of managing the cash flow. To help you see through this period, we are delighted to let you know that we are working on relief measures to enable our customers to defer their loan repayments. Please use this form to apply for CB Bank loan deferral program. CB Bank is always here for you, come rain or shine.

Apply Loan Deferral Program for Consumer Loan

FAQs
What is the purpose of this deferment programme?

It is a loan repayment deferment measure to aid individuals in the midst of these uncertian times caused by Covid-19 pandemic. It is a proactive initiative by CB Bank to provide some relief to those affected individuals during this period.

Who can apply for this programme?

CB Bank existing Home Loan and Car Loan customers with no past due in repayment will be eligible to apply for this programme.

How do you apply for this programme?

You can apply online through this link. We will get in touch with you within 3 working days.

How does the deferment work?

You can apply to defer both Principal and Interest for the period of up to 3 month. During this period, interest will continue to accrue on the outstanding principal amount.

For more details, please email us at hirepurchase@cbbank.com.mm or call us at 09266157733 or 09266157744.

I have Home Loan/Car Loan with past due but have difficulties in repayment. Can I apply?

Please email us at hirepurchase@cbbank.com.mm or contact us at 09266157733, 09261557744. We will get in touch with you within 3 working days to discuss and to review your available options for your loan.

Are there any fees related to this application?

No. You will not incur any additional fees for this application.

Will there be late fees on the payment amount that is deferred by 3 months during the period?

No. CB Bank will not impose any late fees during the deferment period.