Repayment period up to 7 years for new vehicles, 5 years for second hand vehicles. Repayable on monthly installments.

• Individuals having permanent source of income such as employees , businessman , professional etc
• Loan amount up to 70% of the value of vehicle.
• The Loan eligibility will be adjusted to ensure that total monthly instalments from all loans (uab plus other banks) should not exceed 1/3 of gross monthly salary / monthly income as per proof given.
• Minimum monthly income : MMK 500,000 (for two wheelers) ,MMK 1,000,000 ( for Four wheelers).

Vehicle to be purchased. Other collateral security may be insisted on cases where income proof is not sufficient.

• Application form
• NRC Copy – Original to verify
• Recent Passport Size Photo
• Copy of Household Registration Letter
• Recommendation letter from Head of Quarter

• Bank statement for last 3 months
• Certificate from Employer
• Pay Slip ( not required , if salary is credited to bank account )
• Copy of Tax Book

• Bank Statement for last 6 months
• Business License/ Company Registration
• DICA extract showing shareholder details
• Previous Year Tax Receipt
• Site visit by bank staff and assessment of business activity

• Proforma invoice / Quotation from the seller
• Dealer recommendation letter, if vehicle to be purchased from the approved dealer of uab bank