Features 

• Brand new, reconditioned and pre-owned car
• BDT 3,50,000 to BDT 60,00,000 (conventional cars)
• BDT 3,50,000 to BDT 80,00,000 (hybrid or electric cars)
• Loan up to 60% of car value for conventional cars
• Loan up to 80% of car value for hybrid or electric cars
• Repayment tenor from 12 months to 72 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 and other requirements

  
  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 net 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 net 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 net 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