Vehicle Owner Book Loan
This service allows customers to apply for a loan without having to leave the vehicle as collateral.
Applicants can apply using only the vehicle owner book (registration book) as security.
Applications are accepted whether the vehicle is registered under the applicant’s name or not.
However, industrial zone vehicles are not eligible for this loan service.
Anyone aged between 18 and 62 years old is eligible to apply.
Applicants can apply for a loan amount of up to approximately one-third (1/3) of the current market value of their vehicle.
The loan period can be 1 year, 1.5 years, or 2 years.
Applicants must maintain valid vehicle insurance.
For both vehicles manufactured before and after the year 2000, the loan can be granted if the insurance company accepts coverage.
An additional guarantor is required for this service.
Family members listed on the Household Registration List may act as guarantors.
However, if both the applicant and the guarantor have the same income source (for example, joint business ownership), the guarantee will not be accepted.
Husband and wife cannot act as guarantors for each other.
Once the complete documents are submitted, the loan can be approved within 3 to 7 working days.
Mahar Bawga Finance will contact the applicant once the loan is approved and will inform them of the date to collect the loan amount.
Monthly Repayment Methods
To make monthly repayments convenient, customers can:
Visit the nearest branch office, or
Make payments through banks or online payment systems.
Accepted Banks:
KBZ Bank, A Bank, CB Bank, UAB Bank, AYA Bank
Online Payment Options:
KPay, A+, CB Pay, AYA Pay, Wave Pay, Near Me Wallet
Applicants can apply at any nearby branch office or online.
To apply online:
👉 http://www.maharbawga.com.mm/onlineform/
Once the form is submitted, applicants will be contacted within 24 hours.
Required Documents for Application
For Applicant:
Original NRC (National Registration Card)
Original Household Registration (If from another township, provide guest list or meter bill)
Recommendation Letter from Ward Administrator or Meter Bill
House Rental or Ownership Agreement – must have lived at the address for at least 6 months
Original Employee ID or Employment Verification Letter (If self-employed – Business License or Business Verification Letter)
Latest 3 months’ pay slips
For Guarantor:
The same set of documents as required for the applicant.
Others