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HOME PERSONAL BANKING BORROWING HIRE PURCHASE AUTO LOAN
Getting a brand new car or pre-owned, AYA auto financing is right solution for you. With AYA Auto Loan, you can just make the down payment to own your dream car. Visit our authorized auto dealers today to stop dreaming and start driving.
Features
| Brand New Car | Brand New Car (Chinese Brand) |
Pre-Owned Car | |
| Down Payment | Minimum 40% | Minimum 50% | Minimum 50% |
| Loan Tenor | Maximum 5 Years | Maximum 5 Years | Maximum 5 Years |
| Interest Rate | 13% per annum | 13% per annum | 13% per annum |
| Brand New Package | Pre-Owned Package | EV Package | Commercial Package | |
| Down Payment | Minimum 30% | Minimum 30% | Minimum 30% | Minimum 50% |
| Loan Tenor | up to 5 years | up to 5 years | up to 5 years | up to 3 years |
| Interest Rate | 13% per annum | 13% per annum | 13% per annum | 13% per annum |
Eligibility
You Must be a Myanmar Citizen
You must have regular monthly income
You must be minimum 20 years of age
The maximum age of applicant shall not exceed 55
Note: Joint applicant is allowed (only for immediate family members) for customers with age over 55 and low income. Documents which reveal accurate information of above are required to provide at the point of application such as NRC, Household Member List, Income Statement or Salary slip.
Required Documents
Basic Personal Documents
- NRC
- Household Member List
- Original Testimonial Letter from Ward Administration Office
Income Documents
Salaried Staff
- Salary Slip (minimum 3 months)
- Employment Confirmation Letter
- Bank Statement (minimum 6 months) (Optional)
- Professional License (such as Doctor License, Seaman’s CDC)
Self Employed
- Business or Company Registration Documents
- Proof of regular income
- Bank Statements (Minimum 6 months)
- Income/ Financial Statement (Operating Account)
- Tax Receipts
How to apply
Feel free to make an initial enquiry at any AYA branches via phone or in person. Then, visit nearest AYA branch to receive “In-principle Loan Approval” which contains the eligible HP loan amount.
STEP - 1
Select AYA Branch to Apply “In-principle loan approval letter”
You can apply “In-principle loan approval letter” to know your estimated eligible loan amount at the selected AYA branch along with the following documents.
- Basic Personal Documents
- Income Documents
STEP - 2
Get “In-Principle Loan Approval Letter”
You will receive “In-Principle Loan Approval Letter” and authorized Car dealers list, and your loan amount will be based on your income and repayment capability.
STEP - 3
Choose your Car and Submit IP Loan Approval Letter
To choose your dream car at AYA authorized dealer showroom and submit original “In-Principle Loan Approval Letter” and other required documents as follows, then sign “Sales and Purchase agreement”.
- Basic Personal Documents
- Income Documents
- Car Related Documents
STEP - 4
Get your Dream Car
You will obtain final loan approval from AYA Bank and receive car from the dealer after successful car registration.
Alternatively, you can visit our authorized dealers, choose your car and prepare required documents which will be advised by such dealer.
Complete the application forms and submit at nearest branches or dealer.
Find Available Car Brands Here !
Terms and Conditions
It is required to fulfill the requirement of making minimum down payment , service charges and other applicable fees related to bank’s facilities before receiving the car.
Bank shall approve the final loan amount based on the selling price mentioned on the Sales and Purchase agreement. Any other additional costs (i.e. Registration of vehicle at Road Transport Administration Department, etc.) will not be financed by the bank.
Quick look
Getting a brand new car or pre-owned, AYA auto financing is right solution for you. With AYA Auto Loan, you can just make the down payment to own your dream car. Visit our authorized auto dealers today to stop dreaming and start driving.
Features
| Brand New Car | Brand New Car (Chinese Brand) |
Pre-Owned Car | |
| Down Payment | Minimum 40% | Minimum 50% | Minimum 50% |
| Loan Tenor | Maximum 5 Years | Maximum 5 Years | Maximum 5 Years |
| Interest Rate | 13% per annum | 13% per annum | 13% per annum |
| Brand New Package | Pre-Owned Package | EV Package | Commercial Package | |
| Down Payment | Minimum 30% | Minimum 30% | Minimum 30% | Minimum 50% |
| Loan Tenor | up to 5 years | up to 5 years | up to 5 years | up to 3 years |
| Interest Rate | 13% per annum | 13% per annum | 13% per annum | 13% per annum |
Eligibility
You Must be a Myanmar Citizen
You must have regular monthly income
You must be minimum 20 years of age
The maximum age of applicant shall not exceed 55
Note: Joint applicant is allowed (only for immediate family members) for customers with age over 55 and low income. Documents which reveal accurate information of above are required to provide at the point of application such as NRC, Household Member List, Income Statement or Salary slip.
Required Documents
Basic Personal Documents
- NRC
- Household Member List
- Original Testimonial Letter from Ward Administration Office
Income Documents
Salaried Staff
- Salary Slip (minimum 3 months)
- Employment Confirmation Letter
- Bank Statement (minimum 6 months) (Optional)
- Professional License (such as Doctor License, Seaman’s CDC)
Self Employed
- Business or Company Registration Documents
- Proof of regular income
- Bank Statements (Minimum 6 months)
- Income/ Financial Statement (Operating Account)
- Tax Receipts
How to Apply
Feel free to make an initial enquiry at any AYA branches via phone or in person. Then, visit nearest AYA branch to receive “In-principle Loan Approval” which contains the eligible HP loan amount.
STEP - 1
Select AYA Branch to Apply “In-principle loan approval letter”
You can apply “In-principle loan approval letter” to know your estimated eligible loan amount at the selected AYA branch along with the following documents.
- Basic Personal Documents
- Income Documents
STEP - 2
Get “In-Principle Loan Approval Letter”
You will receive “In-Principle Loan Approval Letter” and authorized Car dealers list, and your loan amount will be based on your income and repayment capability.
STEP - 3
Choose your Car and Submit IP Loan Approval Letter
To choose your dream car at AYA authorized dealer showroom and submit original “In-Principle Loan Approval Letter” and other required documents as follows, then sign “Sales and Purchase agreement”.
- Basic Personal Documents
- Income Documents
- Car Related Documents
STEP - 4
Get your Dream Car
You will obtain final loan approval from AYA Bank and receive car from the dealer after successful car registration.
Alternatively, you can visit our authorized dealers, choose your car and prepare required documents which will be advised by such dealer.
Complete the application forms and submit at nearest branches or dealer.
Find Available Car Brands Here !
Terms and Conditions
It is required to fulfill the requirement of making minimum down payment , service charges and other applicable fees related to bank’s facilities before receiving the car.
Bank shall approve the final loan amount based on the selling price mentioned on the Sales and Purchase agreement. Any other additional costs (i.e. Registration of vehicle at Road Transport Administration Department, etc.) will not be financed by the bank.