EBL Two Wheeler Loan

EBL Two Wheeler loan is unsecured and terminating loan facility (EMI based) for Motor Cycle purchase purpose with Life Insurance coverage.

Features:

  • Loan amount: Minimum BDT 100,000 and maximum BDT 500,000
  • Loan tenure: Maximum 48 months
  • Loan coverage: Up to 70% of the motorcycle’s value
  • Joint registration: In the name of both the customer and the bank
  • Life insurance benefits from MetLife in case of death or loss of earning ability

Who are eligible to apply?

  • Salaried Individuals
  • Professionals
  • Businessmen
  • Land Owners
  • Freelancers

Common Documents for All Applicants:

  • Copy of National ID card
  • Copy of e-TIN
  • Applicant’s passport-size colored photograph
  • Copy of driving license
  • Copy of office ID/business card
  • Personal bank statement required if loans exist with other banks/NBFIs

Salaried Individuals

Eligibility:

  • Age: Minimum 22 years and maximum 60 years
  • Work Experience: Minimum 1 year for permanent employees; minimum 2 years for contractual employees (at least 6 months with the current employer)
  • Net Monthly Income: Minimum BDT 30,000 (BDT 25,000 for government employees)

Required Documents:

  • Salary certificate/pay slip
  • Previous employment documents (must mention joining date)
  • Last 6 months personal bank statement (including latest salary reflection)

Professionals

Eligibility:

  • Age: Minimum 22 years and maximum 65 years
  • Work Experience: Minimum 2 years of professional practice as per license
  • Net Monthly Income: Minimum BDT 40,000 (must be reflected in bank account)

Required Documents:

  • Professional license/certificate
  • Last 12 months personal bank statement

Businessmen

Eligibility:

  • Age: Minimum 22 years and maximum 65 years
  • Business Experience: Minimum 2 years as per trade license
  • Net Monthly Income: Minimum BDT 40,000 (must be reflected in bank account)

Required Documents:

  • Trade license (recent and from the date of inception)
  • Memorandum of Association (for company business)
  • Recent Schedule X (for company business)
  • Registered partnership deed (for partnership business)
  • Last 12 months personal bank statement
  • Last 12 months company statement (for company/partnership business)

 

Land Owners

Eligibility:

  • Age: Minimum 22 years and maximum 65 years
  • Net Monthly Income: Minimum BDT 40,000 (must be reflected in bank account)

Required Documents:

  • Copy of rental agreement
  • Copy of property ownership document (in the name of the current owner)
  • Updated copy of AC Land mutation (as per latest survey report)
  • Recent copy of land development tax certificate
  • Copy of registered partition deed (if the property is jointly owned)
  • Last 12 months personal bank statement

Freelancers 

Eligibility:

  • Age: Minimum 22 years and maximum 60 years
  • Work Experience: Minimum 2 years (as per government-approved ID)
  • Net Monthly Income: Minimum BDT 40,000 (must reflect 6-month average income in bank)

Required Documents:

  • Valid ID card approved by Bangladesh Government’s ICT Division
  • Last 6 months income supporting documents
  • Last 12 months personal bank statement

Guarantor

Eligibility:

  • Spouse can act as guarantor
  • For salaried applicants, only salaried guarantors are acceptable
  • For businesspersons, minimum 2 years of business experience
  • For professionals, minimum 2 years of experience

Required Documents:

  • Passport-size colored photo
  • Business card/office ID
  • National ID card
  • Recent trade license (for businesspersons)
  • Copy of property ownership document (for land owners)

 

Note:

  1. EBL may require additional relevant documents as needed.
  2. All charges will apply as per EBL’s Schedule of Charges.

*Terms and conditions apply

 

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