Monthly Repayment: BDT 16,369.36
Total Interest Payable: BDT 89,296.91
Total Amount Payable: BDT 589,296.91 (When principal money is 500,000 Tk.)
Product Features:
- Financial Amount (min to max): BDT 300,000 – 4,000,000
- Loan Tenure (min to max): 1 – 6 years
- Interest rate: 11%
Eligibility:
- Min. Salary requirement: BDT 30,000
- Age requirements (min-max): 21 – 57 years
Employment Eligibility
- Salaried Employee
- Self Employed
- Land Owner
Some other important info:
Max. financing Amount : BDT4000000 50% of car quotation price.
Min. loan tenure :1 year
Max. loan tenure: 6 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 100.
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
Insurance is mandatory but borrower can choose which type of insurance he/she may take.
Security
The vehicle is hypothecated to the bank only.
Guarantor
You just need only two guarantors to be approved to get this loan.