Car Loan

Car Loan

General Purpose of Loan

SHWE Bank car loan is designed to facilitate the acquisition of a dream car for individual customers for their personal or business needs.

Product Features

  • SHWE Bank’s Car Loan offers excellent financing options with a flexible repayment period, allowing up to 5 years for new cars and 4 years for second-hand cars.
  • Please enjoy our car loan with manageable monthly installments, ensuring a hassle-free financial experience while obtaining the car of your dreams.

General Customer Eligibility

  • Any Myanmar Citizens with a proof of monthly income.
  • Joint Applicant – Official spouses are only allowed as Joint applicants.
  • Age must be between 25 to 55 for both applicant and joint applicant.
  • Applicants (if employee) must have at least 1 year at the current employer
  • Applicant eligibility will be considerable upon submission of certified true copies of the bank’s requirements.

Fees and Charges

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Interest rate :
10% per annum
Interest calculation method :
Reducing amortization method
fees :
MMK –10,000 (a one-time handling fee)
Down Payment :
• Brand New Car – 20%

• Used Car – 30%
Service charges (Upfront) :
2% flat rate upon the loan amount
Early Repayment Fees :
3 % on loan outstanding balance (if paid during the first 2 years of loan period)
Reschedule Fees :
1% flat rate (on the loan outstanding for rescheduling of the installment plan.)
Insurance :
To place insurance at Bank's appointed insurance company

Document required for car loan application.

If the applicant is Self-Employed- Company/ Corporate Business;

  • One Passport Size Photo (Mandatory)
  • NRC copy of the applicant. (Mandatory)
  • Staff Identity Card Copy – If the applicant is an employee. (Mandatory)
  • Business License Copy-If the applicant is a businessman. (Mandatory)
  • Pay Slip or income proof for last 3 months. (Mandatory)
  • Bank Statement for last 3 months. (Optional)
  • Tax Slip for last one year (Optional)
  • Household List Copy (Mandatory)
  • Original Testimonial Letter from Ward Administration Office (Mandatory)
  • Vehicle Photos (Mandatory)


Auto Loan Dealer List

NoName Contact ListLocation
1Kaung San Pyae Car Showroom09-799726124No(691), Kyan Sitt
Thar Road, Hlaing Thar yar Tsp, Yangon.
No(7/Ka), (2) Quarter, Wun Zinn Street, Mayyangone Tsp, Yangon.
No(35), between 60 and 61 street, Chan Aye Thar Zan Tsp, Mandalay.
2MMM Car Sales
(19/20 ), Baho Street, (7) Ward, Near Nanattaw Bridge ,Kamaryut Tsp, Yangon.
Motor Myanmar Co.,Ltd & China Auto Group Co.,Ltd 
09-977435490V55J+796, Than Thu
Mar Road, South Okkalarpa Township, Yangon.
4Nagar lady car sales center09-780158450No.456,Bo Hmue Ba
Htoo Road, (45) Quarter, North Dagon, Yangon.
No(245),Bo Hmue Ba Htoo Road, (5) Quarter, North Dagon, Yangon.
No.Tha/4(Ka) Quarter, 115 street, Corner of 70 street, Pyi Gyi Takon
Tsp, Mandalay.
5Moe and Toe Car Sales
Mingalar (2) street, Kamaryut Tsp, Yangon.
6Edin Aung Gyi Car
Yar Gone Road, Shwe Mya Yar Eain Yar, Mingalar Taung Nyunt Tsp, Yangon.
7Great Htun
09-970033664Near Satsan, upper
Pazundaung Road
8Wun Yan Kha ( U Aye
Win ) 
09-5022577No.1, Baho Rd, Btwn
Hlaing station Rd and Parami Rd, Hlaing
9JUNE -4, U Than
09-5030254North Dagon Tsp.
10Mg Thant Zin Family
09-5140079No.926, Thit Sar Rd,
Near the corner Thu Mingalar Traffic, 7 Ward, South Okkalapa
11Ko Linn Car Showroom09-5188495No.473, Pyay rd, Near
Novotel Hotel, Kamayut
12BH Auto Co.ltd09-881933337,
Tatkon, Nay Pyi Taw
13Shin Thant Thit sa(
Yaza Htay  Nay Rd, Aung TharYar Ward, Nay Pyi Taw
14Shwe Myanmar Thamadi
auto mobile ( npt)
Ayeyar waddy Rd,
Zabhu Thiri, NPT
15Aung Thabyay Nu Htet
San (Two Two)
 Upper Pazuntaung Rd
16Tele Motor Automobile09-790882714No(F-1), Thazin
Street,9 ward, Hlaing Tsp, Yangon.
17Angel Queen Co.ltd No.416, Pun Lung
Street, Shwe Kyar Pin Ward, Zabuthiri Tsp, NaypyiTaw
18Pyaw and Kyaw Co.ltd No(1209,1210), Yarza Htar Ni Street,
Laung (3) Qtd, Naypyitaw
19MZL Autodealer09-5003803Corner of kyun taw
road and nar nar taw road.
20HM Autodealer09-250253530Tharketa Tsp.
21Mya Myintzu Aung
09-250432512No.10, Thiri Lingar
Rama Kyoung Lame, Nat Choung Ward, Tarmwe
22Shoon Car Sale Center09-441119038Min Ye Kyaw Swar
Road, North Dagon
23NK709-795561812No.238/A, Min Ye Kyaw
Swar Road, Kyi Pwar Yay Ward, Thingangyun
24Ko Moe Car Art09-957697676No.517, Bayint Naung
1 street, Kyi Pwar Yay Quarter, Near San Pya Zay

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