• Personal Banking
  • Loans
  • Education Loan

TYPES OF EDUCATION LOAN OFFER BY CB BANK

  • Post Graduate Loan
  • Overseas Education Loan (SIM-Singapore)

Download Education Loan Schools List

File Type: PDF



SCHOOL LIST

POST GRADUATE LOAN OVERSEA EDUCATION LOAN
1.   Nanyeng International College
2.   Myanmar Institute of Education (MIE)
3.   STI Myanmar University
4.   YCTC Business Institute
5.   Myanmar Institute of Business Academy (MIBA)
6.   Inspiro Institute
7.   River Samon Institute
8.   Myanmar Institute of Business (MIB)
SIM (Singapore Institute of Management)













KEY FEATURES

  • 10% Down Payment for local education loan, 20% Down Payment for overseas education loan
  • Interest Fee- 9% p.a.
  • Service Fee - 1% p.a.(on loan amount)
  • Guarantor 1 or 2 persons

ELIGIBILITY

STUDENT GUARANTOR
  • Must be Myanmar Citizen
  • Must be qualified to attend chosen University
  • Must be Myanmar Citizen
  • Aged from 21 to 60 years old with reasonable income

REQUIREMENTS

POST GRADUATE LOAN OVERSEA EDUCATION LOAN GUARANTOR
  • NRC (copy)
  • Household Registration
  • Letter from town council for verification of address
  • Testimonial from respective police station.
  • Source of Income (At least 3 months)
  • For employee, letter from employer for confirmation of employment and salary.
  • For self-employed, most recent audited financial statements for the company owned and company license.
  • Matriculation examination result
  • Graduation Certificate

  • NRC (copy)
  • Household Registration
  • Letter from town council for verification of address
  • Testimonial from respective police station.
  • Matriculation examination result
  • Acceptance and Offer letter from School
  • IELTS ≥ 5.5
  • TOFEL
  • ICA Letter
  • NRC (copy)
  • Household Registration
  • Letter from town council for verification of address
  • Testimonial from respective police station.
  • Source of Income (At least 3 months)







HOW TO APPLY

  • Application should be filled with the form prescribed to apply Hire Purchase.
  • All required documents must be submitted along with the application form.
  • Student will be interviewed by the bank.
  • CB Bank will proceed to review for approval.
  • First down payment together with service charges shall be paid to the bank upfront by customer.
  • At least one reputable guarantor has to sign the guarantee agreement by acting as a guarantor.

To find out more, kindly contact CB Bank Hire Purchase Department.
CONTACT US
Tel 1: + 951-371850, + 951-251298
E-mail: hirepurchase@cbbank.com.mm
Call Center: 01 231 7770