EBL Two Wheeler Loan

EBL Two Wheeler loan is a loan facility for the purpose of purchasing any Brand New Motor Cycle

Features:

  • Loan amount minimum BDT 70000 – BDT 400000
  • Repayment tenor maximum 60 months (up to 99k -max 36 months & Above199k – max 60 months).
  • Processing fee 0.5 % of the loan amount.
  • Interest rate 9%
  • Partial/ Early Settlement Fee: 0.5% of the outstanding loan amount.
  • LTV- Loan to value 70%
  • Joint Registration ( Customer & Bank)
  • Partial Payment fee 0.5% of the partial payment amount
  • Life Insurance is optional
  • No hidden charge
  • One personal guarantor is needed

Special Features:

  • Life insurance coverage with MetLife Alico (optional)
  • Insurance coverage for death or permanent total disability. ( Sickness and accident)

Borrower Eligibility:

Target Customer:  Salaried Executives, Businessman, Professional & Land Lord/Lady, Contractual employee

Age:

  • Min (at the time of application): 22 Years
  • Max (at the end of loan tenor)   : 60 years (Salaried) & 65 years (Professional)

Gross Salary:

  • Salaried – Minimum BDT 20000
  • Professional, Businessman & Land Lord/Lady-  Minimum- BDT 25000
  • Contractual employee: Minimum BDT 30000.

(Note: Fully /Partially Cash salary will be allowed)

Length of Service/Practice:

  • Permanent Salaried Executives: Minimum 1 year of continuous experience (6 month with present employer)
  • Professionals: Minimum 1 year of practice in the respective profession
  • Businessman: 2 years’ experience for business person as per trade license
  • Land lord/lady: No specific experience is required
  • Contractual employee: 2 years’ experience
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Interest Rates

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