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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
| Apply loan with Collateral | Non-Collateral | |
| Interest Rate | 14% per annum | 15% per annum |
| Loan Tenor | 12 months to 36 months | 12 months to 24 months |
| Loan Amount | Up to 90,000,000 MMK | Up to 50,000,000 MMK |
| Loan Currency | Myanmar Kyat (MMK) only | Myanmar Kyat (MMK) only |
| Collateral | Apartment, Condominium, Landed Property, Motor Vehicle, Gold Bar | - |
| Service Charges | Waived | Waived |
| 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 0% down-payment
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
Students eligible to apply for the loan include:
High school students
Undergraduate students
Graduates planning to continue their studies
Students without regular monthly income are required to apply jointly with a legal guardian or parent who:
Is a Myanmar Citizen
Has a regular monthly income, and
Is not over 59 years of age at the time of application
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
(A) Documents Required from the Student Applicant
Copy of NRC (front and back) or Copy of Household Registration
School admission confirmation letter and tuition fee invoice issued by the relevant educational institution
(B) Documents Required from Parent (or) Legal Guardian
Copy of National Registration Card (NRC) (front and back)
Two passport-size photos
Copy of Household Registration
Ward Administrator Recommendation Letter or Utility Bill or Land Tax Receipt or Municipal Tax Receipt
(C) Income Documents of Parent / Legal Guardian
Employment confirmation letter
Pay Slips (Past 3months)
Bank Statement (or) Income tax record (Past 6 months)
Financial statements for the most recent two (2) years (for self-employed applicants)
(D) Documents Required from Guarantor
Copy of National Registration Card (NRC) (front and back)
Two passport-size photos
Copy of Household Registration
Pay Slips (Past 3months)
Ward Administrator Recommendation Letter or Utility Bill or Land Tax Receipt or Municipal Tax Receipt
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
| Apply loan with Collateral | Non-Collateral | |
| Interest Rate | 14% per annum | 15% per annum |
| Loan Tenor | 12 months to 36 months | 12 months to 24 months |
| Loan Amount | Up to 90,000,000 MMK | Up to 50,000,000 MMK |
| Loan Currency | Myanmar Kyat (MMK) only | Myanmar Kyat (MMK) only |
| Collateral | Apartment, Condominium, Landed Property, Motor Vehicle, Gold Bar | - |
| Service Charges | Waived | Waived |
| 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 0% down-payment
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
Students eligible to apply for the loan include:
High school students
Undergraduate students
Graduates planning to continue their studies
Students without regular monthly income are required to apply jointly with a legal guardian or parent who:
Is a Myanmar Citizen
Has a regular monthly income, and
Is not over 59 years of age at the time of application
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
(A) Documents Required from the Student Applicant
Copy of NRC (front and back) or Copy of Household Registration
School admission confirmation letter and tuition fee invoice issued by the relevant educational institution
(B) Documents Required from Parent (or) Legal Guardian
Copy of National Registration Card (NRC) (front and back)
Two passport-size photos
Copy of Household Registration
Ward Administrator Recommendation Letter or Utility Bill or Land Tax Receipt or Municipal Tax Receipt
(C) Income Documents of Parent / Legal Guardian
Employment confirmation letter
Pay Slips (Past 3months)
Bank Statement (or) Income tax record (Past 6 months)
Financial statements for the most recent two (2) years (for self-employed applicants)
(D) Documents Required from Guarantor
Copy of National Registration Card (NRC) (front and back)
Two passport-size photos
Copy of Household Registration
Pay Slips (Past 3months)
Ward Administrator Recommendation Letter or Utility Bill or Land Tax Receipt or Municipal Tax Receipt