Monthly Repayment: BDT 16,488.00
Total Interest Payable: BDT 93,568.12
Total Amount Payable: BDT 593,568.12 (When principal money is 500,000 Tk.)
Product Features:
- Financial Amount (min to max): BDT 350,000 – 4,000,000
- Loan Tenure (min to max): 1 – 5 years
- Interest rate: 11.5%
Eligibility:
- Min. Salary requirement: BDT 30,000
- Age requirements (min-max): 22 – 60 years
Employment Eligibility
- Salaried Employee
- Self Employed
- Land Owner
Some other important info:
Max. financing Amount : BDT4000000 or 50% of car value whichever is lower.
Min. loan tenure :1 year
Max. loan tenure: 5 year
Islamic / Conventional: Conventional
Processing fee:
1% on approved loan amount.
Early Settlement:
2% on approved loan amount.
Late Payment Charges
3% on overdue amount.
Other Charges
- CIB Charge: BDT 200.
- CPV Charge BDT 350.
Other requirements
Car Registration
Yes.
Allows joint applicant?
Yes
Car Insurance
1st Class Insurance Required.
Security
- One personal guarantee.
- Joint registration of the vehicle.
- First party comprehensive insurance of the car.
Guarantor
You just need only one personal guarantor to be approved to get this loan.