Features 

• Brand new, reconditioned and pre-owned car
• Loan amount: BDT 3,50,000 to 40,00,000
• Loan up to 50% of car value
• Repayment tenor from 12 months to 60 months
• Minimum age 22 years at the time of loan application
• Maximum age 65 years/retirement age (whichever is earlier) for salaried and 65 years for Businessman/Landlords/Professional Segment at the time of loan maturity
• Bundle Auto Loan-Personal Loan proposition for all customers
• One personal guarantee is required
• No cash security is required
• Competitive interest rate
• Advance/Partial prepayment is allowed after 6 months

Eligibility:
 

For salaried executives

• Minimum net income required : BDT 50,000 per month
• Length of experience : Minimum 2 years of experience, at least 6 months with present employer (Offer letter and release letter from previous employer to prove 2-year service experience)
• Other requirements
  • Letter of Introduction (LOI) as per EBL format
  • Latest 3-month Pay Slip showing all breakdowns (if any)

For self-employed/professionals

• Minimum gross income required : BDT 50,000 per month
• Length of experience : Minimum 2 years of practice in present profession (Certificate of professional degree and certificate of membership from professional body for proof of 2-year practice)
• Other requirements: Income declaration

For businessmen

• Minimum gross income required : BDT 50,000 per month
• Length of experience : Minimum 2 years of business experience
• Other requirements
• Trade license copy (minimum 2-year and from inception)
• Certificate of Incorporation (for limited companies)
• Memorandum and Articles of Association, latest Schedule X and Form XII (for limited companies)
• Registered Partnership Deed (for partnership business)

For land owners

• Minimum gross income required : BDT 50,000 per month
• Other requirements
  • Rental Income generating property related documents – Valid                          
  • Rental Deed, Title Deed, Mutation, Land Development Tax (Khajna), Building plan and approval copy