Automobile company Suzuki Myanmar Motor Co Ltd has announced a new instalment-payment scheme on November 7, for four models in its local line-up of vehicles. The new scheme is being offered in collaboration with Co-operative Bank Public Co Ltd (CB Bank).

The Suzuki models available beginning this month, under the scheme are the Ciaz sedan priced at K27 million, Ertiga mpv at K27.2million, Suzuki Swift GL and GLX hatchbacks at K20.9million and K24.1million, respectively. The initial down payment can be 20pc or 25pc of the car’s price, with 7 years of repayment period. Besides this, the new financing scheme also includes insurance coverage for the vehicle provided by GGI Insurance. People who want to purchase a car under the scheme will need to apply through CB Bank with a passport photo, national identity cards, a copy of their Household List, and original ward and police station recommendations.

Applicants who are employed are also required to provide recommendations from their company’s human resource department, three months of salary slips, and bank account book with least six months history. Self-employed applicants are required to show their business licence or company registration documents, two years of financial statements, tax receipts for two years, a bank account history of six months, and photo of their business.

Source: Myanmar Times 

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