Page: Education Loan

Diploma & Master Degree is a type of education loan that provides a single, affordable education system for students who want to attend Diploma & Master’s classes.

Terms:

• Income of MMK 300,000 per month
• Interest rate: (9%)
• Loan Term: Up to 2 years
• If the course fees is below the 100,000,000 MMK, the application fees will be 10,000 kyats & If the course fee is over 100,000,000 MMK, the application fee will be 20,000 kyats.
• if the applicant income is under MMK 300,000 with income of MMK 300,000 pserson, he/she can apply to co-applicant.
• Must have 2 guarantors. (a family member, a colleague)

Employee

If the applicant is an employee:

1. Offer Letter (or) Acceptance letter (Course Fees/Duration) (Original)
2. HR recommendation with company letter head (Original)
3. Source of Income (3 months’ Pay Slip) (Copy)
4. Income’s Recommendation of Co- applicant
5. National ID Copy
6. Household List
7. Ward Recommendation (original)
8. (3) License Photo (Within 6 month)
9. Income’s Recommendation & NRC Copy of (2) guarantor

Self-Employed

If the applicant is self-employed

1. Offer Letter (or) Acceptance letter (Course Fees/Duration) (Original)
2. Company Registration Certificate
3. Municipal License (or) Business License
4. Revenue Tax
5. National ID Copy
6. Household List Copy
7. Ward Recommendation (original)
8. (3) License Photo (Within 6 month)
9. Income’s Recommendation & NRC Copy of (2) guarantor