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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 10% to 14.5% per annum 13% 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 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

Find more about AYA Education Loan at

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 10% to 14.5% per annum 13% 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 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

Find more about AYA Education Loan at

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