faq

MAB bank allows you to purchase from various brand new cars from our authorized dealers.

You must be a Myanmar nationality, between age age 24-55 years old. For more information, please contact to Call Center (+95) 18610612 or email to [email protected].

Yes, it is but it depends on the customer’s documents requirement. (Final decision made by MAB will be validate.)

We provide multiple channels for your loan repayment.

• MAB Branches
• MAB mobile banking
• MAB ibanking
• MAB Agency Banking

Bank will inform the customer within 10 working days whether it is approved or rejected.
However, according to the customer’s completed documents submission, the loan approval date may be deferred.

(Requirements of Customer)

1. A copy of NRC, A copy of household list
2. Letter of employment or contract (must show employed date, designation, salary and confirmation of employment)
3. Pay slips/bank statement for 3 months
4. Tax payment slips for 3 months
5. Company Documents from DICA
   • Company Profile
   • Filing History
   • Address
   • Officers
   • Shareholdings
   • Company Authority
   • Members
   • Documents
     • Copy of Officers ID’s
     • Company Constitution
     • Certificate of Incorporation
6. Other Source of Income
7. Most recent audited financial statements for the company owned or company license
8.  Bank Statements for 3 Months
9. Tax payment slips for 3 years
10. BOD Resolution (All directors need to sign for initial)

In case, there is some issue or default regarding the HP/AF Finance, company will take full responsible for it.

For 2 Guarantors

• A copy of NRC of guarantor
• A copy of household list of guarantor

Note: “*’’ Mandatory Documents.

Once the customer has paid full repayment (Principal + Interest) to MAB, the customer will get the ownership book.

Yes, an early repayment fee of 1% is applicable on the repaid principal.

Yes, there are late payment fee and penalty fee and overdue amount will be charged by MAB.

• Quick and Smooth Process
• Fixed Monthly Installment Plan
• Tenor up to 5 Years
• Minimum Down Payment 30%

MAB bank only allows to apply Auto Finance from our authorized dealers.

The customer should apply Auto Finance via MAB branches or authorized dealers.

The customer can check the status of Auto Finance application by calling the MAB branches where they have submitted their loan application.