Terms and Conditions

Applicant

Applicant must be the citizen of Myanmar and hold NRC.
Applicant must be between 25 to 60 years of age.
If employed individual, applicant should be employed at a current orgainization for at least for the last 3 years and if selt-employed individual, the business should have been in operations for 3 years and over.
Monthly installment should be one third of applicant’s income.

Requirements For Account Opening

Applicant

  1. 2 passportphotos
  2. NRC(copy)
  3. Household List(copy)
  4. Ward Certificate (dated within a month)(original)
  5. Police Report (dated with a month)(original)
  6. If employed, company’s confirmation (in Company Letterhead) and pay slips for the last 3 months.
  7. If self-employed, Company Registration Certificate(copy)
  8. Form 6 & Form 26, Form E
  9. Memorandum of Association & Article of Association
  10. Business License(copy)(valid)
  11. Tax payments(for the last 1-3 years)(Income/Trade)
  12. Profit and Loss (for the last 1-3 years)
  13. Meeting Minutes

Guarantor

  1. 2 photos (passport size)
  2. NRC (copy)
  3. Household List (copy)
  4. Ward Certificate (dated within a month) (original)
  5. Police report (dated within a month) (original)

Note – Guarantor should have the same/higher salary or be in the same/higher position as/than the applicant.

  1. 2 passportphotos
  2. NRC(copy)
  3. Household List(copy)
  4. Ward Certificate (dated within a month)(original)
  5. Police Report (dated with a month)(original)
  6. If employed, company’s confirmation (in Company Letterhead) and pay slips for the last 3 months.
  7. If self-employed, Company Registration Certificate(copy)
  8. Form 6 & Form 26, Form E
  9. Memorandum of Association & Article of Association
  10. Business License(copy)(valid)
  11. Tax payments(for the last 1-3 years)(Income/Trade)
  12. Profit and Loss (for the last 1-3 years)
  13. Meeting Minutes
  1. 2 photos (passport size)
  2. NRC (copy)
  3. Household List (copy)
  4. Ward Certificate (dated within a month) (original)
  5. Police report (dated within a month) (original)

Note – Guarantor should have the same/higher salary or be in the same/higher position as/than the applicant.

How To Apply

Customer interested to purchase the automobile with installment plan visits the car showrooms of dealers linked with Myanmar Citizens Bank and make incuiries.

Customer makes contract with necessary documents and opens Current A/C as Myanmar Citizens Bank after choosing his/her preferred car.

Customer provides initial deposit into Current A/C upon the complete analysis of necessary documents by the bank.

Locations/Addresses of Linked Dealers

Download List

Access the list in PDF Format.

Happy Call

We’ll be more than happy to answer any concer you may have.

Happy Call

We’ll be more than happy to answer any concer you may have.

Frequently Asked Questions

There are 2 types of automobile hire purchase loans: Loan on Brand New Car and Loan on Used car.

MCB Bank allows you to purchase your vehicle of choice. You can choose from a wide selection of used and brand new cars from our list of authorized dealers.

Upon submission of complete documents, you will be informed of the results within 1 week of submission.

1.Customer interested to purchase the automobile with installment plan visits the car showrooms of dealers linked with Myanmar Citizens Bank and make inquiries.

2.Customer makes contract with necessary documents and opens Current A/C at Myanmar Citizens Bank after choosing his/her preferred car.

3.Customer provides initial deposit into Current A/C upon the complete analysis of necessary documents by the bank.