Farmers Bank Car Loan
TodayClosed Now!09:00 AM - 05:00 PM- Monday09:00 AM - 05:00 PM
- Tuesday09:00 AM - 05:00 PM
- Wednesday09:00 AM - 05:00 PM
- Thursday09:00 AM - 05:00 PM
- Friday09:00 AM - 05:00 PM
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Monthly Repayment: BDT 17,088.81
Total Interest Payable: BDT 115,197.34
Total Amount Payable: BDT 615,197.34 (When principal money is 500,000 Tk.)
Product Features:
- Financial Amount (min to max): BDT 200,000 – 2,000,000
- Loan Tenure (min to max): 1 – 6 years
- Interest rate: 14%
Eligibility:
- Min. Salary requirement: BDT 40,000
- Age requirements (min-max): 22 – 60 years
Employment Eligibility
- Salaried Employee
- Self Employed
- Land Owner
Some other important info:
Max. financing Amount : BDT2000000 50% of car quotation price.
Min. loan tenure :1 year
Max. loan tenure: 6 year
Islamic / Conventional: Conventional
Processing fee:
0.5% Or BDT 10000 whichever is higher + VAT.
Early Settlement:
2% on approved loan amount.
Late Payment Charges
2% on overdue amount.
Other Charges
N/A
Other requirements
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 insurance.
Security
Hypothecation over the car.
Guarantor
Spouse and one individual(official colleague)(total two personal guarantee)
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