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HOME PERSONAL BANKING BORROWING HIRE PURCHASE EDUCATION LOAN
To meet your child’s learning goals, AYA Education Loan provides financial support for completing certificate, diploma, degree and post graduate programs in local and foreign countries. No financial worries to embark on education journey and get financing from AYA with or without collaterals.
Features
| Secured Education Loan | Unsecured Education Loan | |
| Interest Rate | 13% to 14% per annum | 14.5% per annum |
| Loan Tenor | 6 months to 36 months | Up to 5 years |
| Loan Amount | MMK 5,000,000 to MMK 50,000,000 | Up to 80% of Program fees from MMK 500,000 to MMK 30,000,000 |
| Loan Currency | Myanmar Kyat (MMK) only | Myanmar Kyat (MMK) only |
| Collateral | Apartment, Condominium, Landed Property, Motor Vehicle, Gold Bar | Nil |
| Service Charges | Nil | Nil |
| Cancellation Fee | No cancellation fee. Your loan repayment must be paid up in full upon your cancellation request or you can repay monthly until your last payment has been made. | |
Apply at any AYA branch with minimum down-payment 30%
Repayment by fixed monthly installment plan.
Parents (or guardians) can apply on behalf of students who do not have income.
Secured loan customers providing collaterals are eligible to apply at schools, colleges and universities either local or foreign country.
Unsecured loan customers are offered to apply from our partner institutions - local private bordering schools, colleges, universities, and international Schools. Explore options available to position your child’s education journey with our partner institutions
Eligibility
Primary applicant must be Myanmar citizen and age not more than 59 years.
High-school students, university students and post-graduate students can apply.
Students under age 18 will require co-applicant who must be Myanmar citizen and student’s parent or guardian.
Primary Applicant (or co-applicant) must have stable and reasonable monthly income.
How to apply
STEP - 1
Enquire at nearest Branches
STEP - 2
Choose your school or University
STEP - 3
Keep required documents ready and apply
STEP - 4
Building your future with AYA Education Loan
STEP - 5
Monthly Instalment Payment to Bank
Myanmar Imperial University (MIU)
Myanmar Institute of Business(MIB)
Myanmar Metropolitan College (MMC)
Strategy First University (SFU)
Crown Education
HCIS / LCIS
Victoria University College
London Business Academy, Mandalay
iNet College
British University College
Yangon Academy International School
Y.E.C Learning Center
Gusto University
YIUS Pre-University Level Studies
Upon your successful submission of AYA Education Loan Application Form along with required documents to the bank, approval process could take up to 5 Working days. Once approved and you agree on the terms and conditions of the AYA Education Loan, you will be contacted to visit AYA Bank with your guarantor to deposit the required down payment for the program fees.
Required Documents
- Completed application form
- NRC of main applicant/co-applicant and guarantor
- Ward Administration Recommendation Letter
- Household Member List
- Income documents of main applicant (co-applicant if any)
For Salaried applicants
- Letter of Employment or Contract
- Pay Slips (Past 3months) (applicant & co-applicant)
- Bank Statement (Past 3months) (applicant & co-applicant)
For self-employed applicants
- Business License/Contract
- Other source of income
- Past 3 months Bank Statements
Quick look
To meet your child’s learning goals, AYA Education Loan provides financial support for completing certificate, diploma, degree and post graduate programs in local and foreign countries. No financial worries to embark on education journey and get financing from AYA with or without collaterals.
Features
| Secured Education Loan | Unsecured Education Loan | |
| Interest Rate | 13% to 14% per annum | 14.5% per annum |
| Loan Tenor | 6 months to 36 months | Up to 5 years |
| Loan Amount | MMK 5,000,000 to MMK 50,000,000 | Up to 80% of Program fees from MMK 500,000 to MMK 30,000,000 |
| Loan Currency | Myanmar Kyat (MMK) only | Myanmar Kyat (MMK) only |
| Collateral | Apartment, Condominium, Landed Property, Motor Vehicle, Gold Bar | Nil |
| Service Charges | Nil | Nil |
| Cancellation Fee | No cancellation fee. Your loan repayment must be paid up in full upon your cancellation request or you can repay monthly until your last payment has been made. | |
Apply at any AYA branch with minimum down-payment 30%
Repayment by fixed monthly installment plan.
Parents (or guardians) can apply on behalf of students who do not have income.
Secured loan customers providing collaterals are eligible to apply at schools, colleges and universities either local or foreign country.
Unsecured loan customers are offered to apply from our partner institutions - local private bordering schools, colleges, universities, and international Schools. Explore options available to position your child’s education journey with our partner institutions
Eligibility
Primary applicant must be Myanmar citizen and age not more than 59 years.
High-school students, university students and post-graduate students can apply.
Students under age 18 will require co-applicant who must be Myanmar citizen and student’s parent or guardian.
Primary Applicant (or co-applicant) must have stable and reasonable monthly income.
How to Apply
STEP - 1
Enquire at nearest Branches
STEP - 2
Choose your school or University
STEP - 3
Keep required documents ready and apply
STEP - 4
Building your future with AYA Education Loan
STEP - 5
Monthly Instalment Payment to Bank
Myanmar Imperial University (MIU)
Myanmar Institute of Business(MIB)
Myanmar Metropolitan College (MMC)
Strategy First University (SFU)
Crown Education
HCIS / LCIS
Victoria University College
London Business Academy, Mandalay
iNet College
British University College
Yangon Academy International School
Y.E.C Learning Center
Gusto University
YIUS Pre-University Level Studies
Upon your successful submission of AYA Education Loan Application Form along with required documents to the bank, approval process could take up to 5 Working days. Once approved and you agree on the terms and conditions of the AYA Education Loan, you will be contacted to visit AYA Bank with your guarantor to deposit the required down payment for the program fees.
Required Documents
- Completed application form
- NRC of main applicant/co-applicant and guarantor
- Ward Administration Recommendation Letter
- Household Member List
- Income documents of main applicant (co-applicant if any)
For Salaried applicants
- Letter of Employment or Contract
- Pay Slips (Past 3months) (applicant & co-applicant)
- Bank Statement (Past 3months) (applicant & co-applicant)
For self-employed applicants
- Business License/Contract
- Other source of income
- Past 3 months Bank Statements