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)

 

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

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