EBL Two Wheeler Loan
EBL Two Wheeler loan is a loan facility for the purpose of purchasing any Brand New Motor Cycle
- 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
- Life insurance coverage with MetLife Alico (optional)
- Insurance coverage for death or permanent total disability. ( Sickness and accident)
Target Customer: Salaried Executives, Businessman, Professional & Land Lord/Lady, Contractual employee
- Min (at the time of application): 22 Years
- Max (at the end of loan tenor) : 60 years (Salaried) & 65 years (Professional)
- 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