Product Benefits

Wide range of phone models is availabel.

Purchase a smart phone or tablet with 20% of down payment
and 1.08% p.a of interest of the purchased item’s value.

Terms and Conditions

Applicant must be the citizen of Myanmar and hold NRC.

Applicant must be between 21 to 65 years of age.

Applicant must be permanent employee at a private or public organization for at least 1 year.

Applicant must have monthly salary of MMK 100,000 and above.

Required Documents

Applicant

  1. NRC (copy);
  2. Household List (copy);
  3. Ward Certificate (dated within a month)(orginal);
  4. If employed, company’s comfirmation and pay slips for the last 3
    months or salary confirmation letter in company letterhead.

Guarantor

  1. NRC (copy)

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

  1. NRC (copy);
  2. Household List (copy);
  3. Ward Certificate (dated within a month)(orginal);
  4. If employed, company’s comfirmation and pay slips for the last 3
    months or salary confirmation letter in company letterhead.
  1. NRC (copy)

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

Fees and Charges

Account Opening Fee1,000 /-
Stamp Duty2,000 /-
Document Fee5,000 /-
Interest Rate (annually)13%
Tenor6 Months, 9 Months, 12 Months

Locations/Addresses of Linked Dealers

Download List

Access the list in PDF Format.

How To Apply

Customer interested to purchase the phone with installment plan completes application (in digital system) together with all required documents after choosing his/her preferred phones at Samsung Showroom.

Submit the completed application form right away to MCB via online and get the loan from the bank within 48 working hours.

MCB shall reply the amount of down payment.

Applicant shall make contract, provide down payment and collect the new phone in person at the designated showroom together with original documents upon the confirmation from MCB via phone or message.

Note – Application sent after 4 PM shall not be processed on that day and on bank Holidays.

Eligible Banks For Mobile Financing Repayment

ASIA Yangon Bank

MOB Bank

AYA Bank

MWD Bank

CB Bank

Rural Development Bank

CHD Bank

SMIDB Bank

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

MCB’s Mobile Financing scheme makes mobile phones affordable for customers through monthly installment plan. Customers can now enjoy the low interest rate to purchase the desired phones under hire purchase scheme.

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

1.Customer interested to purchase the phone with installment plan completes application (in digital system) together with all required documents after choosing his/her preferred phones at Samsung Showroom.

2.Submit the completed application form right away to MCB via online and get the loan from the bank within 48 working hours.

3. MCB shall reply the amount of down payment.

4.Applicant shall make contract, provide down payment and collect the new phone in person at the designated showroom together with original documents upon the confirmation from MCB via phone or message.

Applicant
1.NRC (copy)
2.Household List (copy) or Guest List (copy)
3.Ward Certificate (dated within a month) (original)
4.If employed, company’s confirmation and pay slips for the last 3 months or salary confirmation letter in company letterhead

Guarantor
1.NRC (copy)
(Note – Guarantor should have the same/higher salary or be in the same/higher position as/than the applicant.)