Auto Loan

Purpose:
Purchase of non-commercial new and reconditioned vehicles for personal use only by an individual.

Customer Segment:
Any Bangladeshi individual who has the means and capacity to repay the loan. In specific terms, the target customers should cover salaried executives of multinational Companies, middle to large size local corporate, Government officials, Officials working in Semi- Government, Autonomous and reputed NGOs (Non-Government Organizations), international aid agencies & UN bodies, any tax paying businessmen of repute and self-employed tax-paying individual having a reliable source of income.

Age Limit:

  • Minimum age 25 years
  • Maximum 65 years at the time of loan maturity.

Minimum Income: TK .20,000 for salaried individuals and Tk. 40,000 for businessman

Loan Size: Tk. 2,000,000 for both Brand new & reconditioned vehicle but not exceeding 30% of the vehicle price

Maximum Term of Loan: 05 (Five) years

Service charges: 1% on loan amount + VAT applicable as per Govt.regulation

Early settlement/Partial Payment: Allowed anytime without any charges