Car Loan

Personal Banking > Loans

Car Loan

Personal Banking > Loans

About Car Loan

Whether it’s a new car or commercial vehicle, finance your next purchases with Yoma Bank Car Loan. With a flexible payment schedule, Car Loan makes purchases easy and secure for both buyers and sellers.

Available Car Loan Products

title-border

Personal vehicles

EV Cars

Commercial vehicles

Note

*Assets must be purchased from a Yoma Bank authorized dealer

Eligibility & Requirements
to Open Loan

  • NRC (Original) and family registration list (Original)
  • Original ward recommendation letter (proof of residence)
  • Proof of income (employment verification or business registration details etc.,)
  • Income Statement
  • A personal guarantor may be required, and he/she may need to bring the above documents
requirement

Before you apply, please review the following information

Car Loan Details

title-border

Terms
Down payment*Minimum 30% ~ 50% of asset value
Interest*13% per annum
Establishment Fees*1% loan amount
Insurance*Around 1.65% of asset value
Loan Term1-5 years
Repayment TermEqual Monthly Installment (EMI)

* Rates may subject to change

Note

Monthly repayment can be made over the counter, through Wave Money Agents, or via the Yoma Bank Mobile Banking Application.

All financed assets must be insured for the duration of the Car Loan term.
For more information, please contact the nearest branches.

No.Showroom NameCategoryContact Details
1.Ally AutoCommercial VehiclesNo. (277/278), Ngu War Street, Pearl (2) Ward, Mingalardon Township, Yangon, Myanmar.

Ph: 09250024825

2.Bobby Car Sales & ServicesPersonal VehiclesNo.(43, D), Khay Mar Thi Lane (2), Mi Chaung Kan Division (3), Thingangyun Township, Yangon, Myanmar.
Ph: 09 781999555
3.Energy Plus Car Sale CenterPersonal VehiclesNo. 3, Ywarma Kyaung Street, Hlaing Township, Yangon, Myanmar.

Ph: 09 420081613

4.Forerunner Business GroupPersonal VehiclesRm 1, Bldg 4, Aung Myittar St., Kyee Pwar Yae Housing, Thingangyun Township, Yangon, Myanmar.

Ph: 09 797724878

5.GEELY MyanmarPersonal Vehicles,

Commercial Vehicles

No.3, Yangon-Insein Road, 12 Ward, Hlaing Township, Yangon, Myanmar.

Ph: 09 957788994

6.Glory MotorsPersonal VehiclesCorner of Pinlon Street & Thinwin Street, No.1(A)+1(B), 33 Ward, North Dagon Township, Yangon, Myanmar.

Ph: 09 678000141

7.Green GatePersonal VehiclesNo.1193-5, Thudamar str,2 Qtr, North Okklarpa Township, Yangon, Myanmar.

Ph: 09 5521255, 09 785521255

8.HM Valued PropertyPersonal Vehicles,

Commercial Vehicles

No-(11/12), Min Nandar Road, Dawpone, Thakayta Township, Yangon, Myanmar.

Ph: 09 753303074, 09 777887589

9.Hyper AutoPersonal VehiclesNo(3), Yadanarmon 7th Street, Yadanarmon Housing, Hlaing Township, Yangon, Myanmar.

Ph: 09 777391681

10.Hyundai MMMPersonal VehiclesNo.(194/196), East Horse Race Course Road & Shwe Wah Street, Mhanaung Quarter, Tamwe Township, Yangon, Myanmar.

Ph: 09 777773639

11.ICON AUTOPersonal Vehicles,

Commercial Vehicles

No.(590/1), 74th Street, Taung Myint, Pyi Gyi Tagon Township, Mandalay Region, Myanmar.

Ph: 09 766666697

12.Jasper Car Sales CenterPersonal VehiclesCorner of Ahlone Road and Strand Road, Infront of Sweety Home, Ahlone Township, Yangon, Myanmar.

Ph: 09 784508375 , 09 443676432

13.JPMPersonal Vehicles,

Commercial Vehicles

New University Revenue Road, No.42(A), Bahan Township, Yangon Region, Myanmar.

Ph: 09 792828100

14.KIA MMMPersonal VehiclesNo.(139)/C, University Avenue Road, Karmaryut Township , Yangon, Myanmar.

Ph: 09 772858585, 09 454875876

15.KIA Motors Union GroupPersonal Vehicles,

Commercial Vehicles

No.(12/A), Waizayandar Road, Thingangyun Township, Yangon, Myanmar.

Ph: 09 960600911

16.KIA MTS, Suzuki Myanmar TheingiPersonal VehiclesNo.2, Anawmar (1) Quarter, Ayeyarwun Road, Tharkayta Township, Yangon., S 165, Ayarwaddy Road, Zabuthiri Township, Naypyitaw Region, Myanmar.

Ph: 09 799499099, 09 450935550

17.King Prize AutoPersonal VehiclesNo.(V23), Myakanthar (4) Street, (5) Ward, Hlaing Township, Yangon, Myanmar.

Ph: 09 795633480

18.MATM-Changan AutoPersonal Vehicles, EV,

Commercial Vehicles

No.38, Mindhamma Road, Mayangone Township, Yangon, Myanmar.

Ph: 09 400111405

19.Max GloryPersonal Vehicles,

Commercial Vehicles

Compound No (50), Aye Yeik Mon Lan Twal 2nd Street, Hlaing Tsp, Yangon, Myanmar.

Ph: 09 421464125

20.MG MotorPersonal Vehicles, EVNo.52, Sayarsan Road, Bahan Township, Yangon, Myanmar.

Ph: 09 43134137

21.MK2 AutoPersonal VehiclesNo. 25 Parami Rd, Near Chaw Twin Kone Junction, South Okkalapa Township, Yangon, Myanmar.

Ph: 09 5507115

22.MMM Car Sales CenterPersonal VehiclesNo (19/20) , Baho Road, (7) Quarter, Kamaryut Township, Yangon, Myanmar.

Ph: 09 421023378, 09 978338337

23.MMP Car Show RoomPersonal VehiclesBetween Thanthumar Street & Railway Street, and Between Ma Hlwa Gone Railway Station & Hnin Si Gone Railway Station, Myittar Nyunt Ward, Tarmwe Township, Yangon, Myanmar.

Ph: 09 43094106

24.Moe & Toe Co.,LtdPersonal VehiclesNo.(47/A), Thiri Mingalar(2)Street, (8) Ward, Kamayut Township, Yangon, Myanmar.

Ph: 09 754786702

25.Myat MotorPersonal Vehicles,

Commercial Vehicles

No. 682 , Myot Shaung Str, Maubin., Ayeyarwady Region.

No 866,Kyaw Thu (20)Str,9 Qtr,Sout Okkalapa Township, Yangon, Myanmar.

Ph: 09 967653743

26.Myo Motor ServicePersonal VehiclesNo-(192), East Horse Race Course Road, Tamwe Township, Yangon, Myanmar.

Ph: 09 777004958

27.PPE 9Personal Vehicles,

Commercial Vehicles

‘No16/17, Ayeyarwun Road, Anawmar Qtr, Tharkayta Township, Yangon, Myanmar.

Ph: 09 974799898

28.Prime Automative MyanmarPersonal VehiclesNo.53/54, Pyay Road, Mayangone Township, Yangon, Myanmar.

Ph: 09 444445484

29.Royal La Min Ta YarPersonal Vehicles,

Commercial Vehicles

‘No.(53), Bayint Naung Street, (48) Qtr, North Dagon Township, Yangon, Myanmar.

Ph: 09 947777528, 09 961111528

30.Shwe PhoneCommercial Vehicles‘No.(G-5), Industrial (1), Between Yaw Min Gyi Street & Phoe Yazar Street, Yangon-Mandalay Road, Pyi Gyi Tankon Township, Mandalay Region, Myanmar.

Ph: 09 765209134

31.Summit SPA MotorsCommercial Vehicles‘No.(1159), FMI City, Gate (2), Yangon – Pathein Road, Hlaing Tharyar Township, Yangon, Myanmar.

Ph: 09 2450873

32.Super Car 1Personal VehiclesNo. (1),Corner of Kabar Aye Pagoda Road , Shwe Taung Kyar (2) ward, Bahan Township, Yangon, Myanmar.

Ph: 09 401635319

33.Taung Paw Tharr Yee ShinCommercial Vehicles

 

Tabin Shwe Htee Towel, Industrial Zone (1), Hlaing Thar Yar Township, Yangon, Myanmar.

No.(B2-A3/A4), (62) Street, Industrial Park Street, Yar Taw Ward, Mandalay Region, Myanmar.

No- (Za,46), No-(6) Ward, Tha Khut Taw Ward, Lanmadaw, Shwe Bo Township, Sagaing Region, Myanmar.

Ph: 09 750402022

34.TelemotorsPersonal VehiclesNo-(F1), Thazin Street, 9th Qtr, Hlaing Township, Yangon, Myanmar.

Ph: 09 409302194

35.TPS Car ShowroomPersonal VehiclesNo.242, Upper Pazundaung Road, MingalartaungNyunt Township.

Ph: 0977895923

36.VIGO WORLD MYANMARPersonal Vehicles

(Pick-Up)

Showroom 1 – No.52, Aung Chan Thar St, Kamaryaut, Yangon.

Showroom 2 – D-8/E, 8, Pyidaungsu Kyaung Win Street, 8 Mile, Mayangone, Yangon, Myanmar.

Ph: 095002802

37.Wun Yan Kha Car ShowroomCommercial Vehicles

 

No.1, Baho Road, Hlaing Tsp, Between Butar Yone Street & Parami Street, Yangon, Myanmar.

Ph: 095022577, 09977109898

For more information, please contact the nearest branches.

Car Loan

Frequently Asked Questions

title-border

  • Efficient Application Process: Experience a streamlined and expedited application procedure.
  • Extended Accessibility: Loan applications can be submitted at Retail Centers throughout the entire week.
  • Competitive Pricing: Benefit from lower charges and fees, ensuring cost-effective financing.

You can choose and purchase an unlimited number of vehicles based on your repayment capacity.

You can apply using combined household income, and any additional sources of income with supporting documentation will be considered.

You may also be interested in