It is a great news that Lanka Bangla Auto Loan facility up to 90% of vehicle price.
Employment Eligibility
Some other important info:
Max. financing Amount : BDT150000000 90% of Car value
Min. loan tenure :1 year
Max. loan tenure: 6 year
Islamic / Conventional: Conventional
Processing fee:
0.25% of loan amount plus 15% VAT.
Early Settlement:
2.0% on the outstanding principle amount plus 15% VAT.
Late Payment Charges
4% Above the nominal rate.
Other Charges
Car Registration
Joint Registration of the vehicle under the names of both the borrower(s) and bank
Allows joint applicant?
Yes
Car Insurance
1st party comprehensive insurance.
Security
Hypothecation over the car
Guarantor
You just need only one guarantor to be approved to get this loan.