Car Loan

The facility is designed with easy repayment schedule, that gives you the opportunity to own a new/Reconditioned Car, to materialize your cherished dream.

Purpose

To purchase brand new or reconditioned vehicle for personal use only

Eligibility

Any Bangladeshi National

Loan Limit

Tk.40.00 lac (However, auto facility to the dependent members of an individual shall also be treated as part of the exposure of that individual).

Tenure

06 years for brand new and 05 years for reconditioned vehicle

Age Limit

21-65 years

Model Year

As per car import policy of the government.

Interest Rate

Competitive Interest Rate.

Loan-Equity Ratio

50:50

Customer Segment

Salaried Person 

Employees of Govt./Autonomous Bodies/Banking or Non-banking Financial Institution/Public Limited Company/ Private Limited Company having Corporate Structure/Multinational Company/ Reputed Educational Institutions

Professional/Self-employed 

Doctors/Engineer/Accountant/IT Professional/Management Consultant/landlord

Businessman 

Businessman having at least 3 years of length of business

Required Documents

  • Employer’s Certificate (stipulating monthly remuneration) for service holder.
  • National ID & TIN certificate
  • PNS (Personal Net-worth Statement)
  • Bank Account Statement for last 12 months
  • Trade license (applicable for businessman)
  • Photocopy of Passport, Telephone (T&T) bill if any
  • Income supported by documents
  • Quotation accepted by the customer duly verified by branch official
.