It is noted that IPDC Auto Loan has 10.7% interest rate for Salaried Executive and 11.20% for the Businessman.
- Financial Amount (min to max): BDT 500,000 – 100,000,000
- Loan Tenure (min to max): 1 – 6 years
- Interest rate: 10.7%
- Min. Salary requirement: BDT 25,000
- Age requirements (min-max): 21 – 60 years
Employment Eligibility
- Salaried Employee
- Self Employed
- Land Owner
Some other important info:
Max. financing Amount : BDT4000000 50%
Min. loan tenure :1 year
Max. loan tenure: 5 year
Islamic / Conventional: Conventional
Processing fee:
1% on approved loan amount.
Early Settlement:
1-2% on approved loan amount.
Late Payment Charges
2% on overdue amount.
Other Charges
Documentation fee: Upto 0.5% + VAT or BDT 2,00,000 whichever is lower + VAT.
Other requirements
Car Registration
Vehicle will be registered in favor of IPDC on account of the borrower.
Allows joint applicant?
Yes
Car Insurance
Comprehensive first party insurance.
Security
Hypothecation over the car.
Guarantor
You just need only two guarantors to be approved to get this loan.