An attractive package with no personal guarantor requirement.
Note: interest rate may vary from 11.5% to 12.5% depending on customer category.
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 500,000 – 4,000,000
- Loan Tenure (min to max): 1 – 7 years
- Interest rate: 11.5%
Eligibility:
- Min. Salary requirement: BDT 48,000
- Age requirements (min-max): 25 – 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: 7 year
Islamic / Conventional: Islamic
Processing fee:
1% on approved loan amount.
Early Settlement:
1% on overdue amount.
Late Payment Charges
3% on overdue amount.
Other requirements:
Car Registration
Car will be registered at the name of bank till end of the loan period or loan formalities.
Allows joint applicant?
Yes
Car Insurance
1st class comprehensive insurance of the car.
Security
- Hypothecation over the car.
- A post-dated cheque.
Guarantor
2
Other Eligibility:
- Bangladeshi by citizenship or by birth.
- Permanent employees of Govt., Semi Govt. and Autonomous Bodies, Banks and financial institutions, Senior teachers of University, Govt. School, College, and Madrasha, Executives/Officers of Multinational Companies and renowned NGOs.
- Worthy businessman having trade license, VAT certificate and TIN.
- Self-employed professionals like Doctors, Engineers, Architects, and Accountants having sufficient cash flow.
- Trade license of minimum 3 years for businessmen.
- Employees working on renewable contract basis with 12 months or more.