Finance should not be a red signal and the door is open for the ownership of your dream car.
Drive home with uab Auto Loan.
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 , business men , 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.
Documents Required at the time of Application
a) Loan application
b) KYC documents of borrower & Guarantors
c) Proforma invoice / Quotation from the seller
d) Salary certificate / Certificate from employer ( in case of employees)
e) Income proof , such as Income Tax return , Balance sheet , account statement etc ( in case of applicants other than employees)