car loan Bank
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Employment Eligibility
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.
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.