Fuel your dreams for professional or technical education in Myanmar or abroad with the uab Education Loan. Education is indeed a basic need like food, clothing and shelter. uab bank provides various kind of education loans for studying in Myanmar as well as abroad.
Students with an excellent academic records, who has secured admission in the reputed Universities/Institutions in Myanmar and/or in the renowned foreign Universities/Institutions.
Student along with Father & Mother as joint borrower
If Father and/or Mother is not alive, another relative should be a joint borrower
Requirement of security may be decided based on the quality of the course, educational background of the applicant and chance of getting high paid jobs.
At the time of application of loan, following documents should be submitted along with loan application forms and other KYC documents
a) Copy of marksheet and certificates of the immediate degree achieved
b) Detail fee structure issued by the college/university, and other eligible expenses, and mode and frequency of payment
c) Details about the university / college, where the student is going for study
d) Any other relevant documents to prove the qualification and involvement in other extra curricular activities
|Interest Rate||14.50% p.a unsecured||10.00% p.a secured|
|Early Repayment fees||3.00% on prepaid amount ( if paid during the first 2 years of loan period)|
|2.00% on prepaid amount ( if paid during the third year of loan period )|
|1.00% on prepaid amount ( if paid after 3 years of loan period )|