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 50000 – 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
  • Partial/ Early Settlement Fee: 0.5% of the outstanding loan amount.
  • LTV- Highest 70% of the bike price will be given as loan
  • Joint Registration ( Customer & Bank)
  • First party insurance is mandatory


Target Customer

Salaried Executives, Businessman, Professional & Land Lord/Lady, Contractual employee, Freelancer

Common Documents for all types of customer:

  • Price quotation for two wheeler (Customer will collect it from Showroom)
  • National ID (2 copies)
  • Photo of Applicant (2 copies)
  • Copy of Driving License/Learners card (1 copy)
  • First party/ Comprehensive insurance certificate for motor bike


Salaried Executives

Eligibility:

  • Age:  Min- 21Years (at the time of application) & Max-60 Years (at the  end of loan tenor)
  • Experience: Minimum 1 year of continuous experience (6 month with present employer)
  • Income: Minimum BDT 20000, Minimum 15000 for Gvt Salaried (Cash or Bank payee)

Documentation:

  • Salary Certificate
  • Office ID
  • 3 months Bank Statement
  • 6 months Cash Voucher for cash salary & any personal bank  statement

 
Professionals

Eligibility:

  • Age: Min- 21Years (at the time of application) & Max-60 Years (at the  end of loan tenor)
  • Experience: Minimum 1 year of practice experience (as per license)
  • Income: Minimum BDT 25000

Documentation:

  • Professional license of respective professionsuch ( BMDC certificate for doctors ,Bar council license for lawyers
  • 6 months Bank Statement


Businessman

Eligibility:

  • Age: Min- 21Years (at the time of application) & Max-60 Years (at the  end of loan tenor)
  • Experience: Minimum 2 years of business experience (as per trade license)
  • Income: Minimum BDT 25000

Documentation:

  • Business card ( if any)
  • 6 months Bank Statement
  • 2 years trade license

Land Lord/Lady

Eligibility:

  • Age: Min- 21Years (at the time of application) & Max-60 Years (at the  end of loan tenor)
  • Income: Minimum BDT 25000

Documentation:

  • Rental income receipt
  • Copy of property ownership documents
  • AC land mutation copy
  • 6 months Bank Statement


Contractual employee

Eligibility:

  • Age: Min- 21Years (at the time of application) & Max-60 Years (at the  end of loan tenor)
  • Experience: Minimum 2 years of continuous experience
  • Income: Minimum BDT 25000 (cash or bank payee)

Documentation:

  • Salary Certificate
  • Office ID.
  • 3 months Bank Statement
  • 6 months Cash Voucher for cash salary & any personal bank statement


Freelancer

Eligibility:

  • Age: Min- 21Years (at the time of application) & Max-60 Years (at the  end of loan tenor)
  • Experience: Minimum 2 years of continuous work experience as per Gvt. approved  ID card
  • Minimum: BDT 20000 (Average of last 6 months bank reflection)

Documentation:

  • Authorized ID card issued by ICT division of Bangladesh government
  • Income Certificate to confirm the income details
  • 6 months bank statement
  • Recent 3 work order

Guarantor Documentation

  • Recent passport size photo
  • Business Card/Office ID
  • National ID
  • Trade License if the guarantor is a businessman(minimum length of the business must be 2 years)
  • For salaried segment, guarantor from only salaried segment will be acceptable( spouse guarantee is highly encouraged)
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Interest Rates

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