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 200,000 – 2,000,000
- Loan Tenure (min to max): 1 – 5 years
- Interest rate: 11%
Eligibility:
- 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 : BDT2000000 Minimum Down Payment: 50% .
Min. loan tenure :1 year
Max. loan tenure: 5 year
Islamic / Conventional: Conventional
Processing fee:
1% on approved loan amount.
Early Settlement:
Lock in period 6 months and before 1 year 1%, After 1 year 2%.
Late Payment Charges
3% on overdue amount.
Other Charges
N/A
Other requirements
Car Registration
Yes.
Allows joint applicant?
Yes
Car Insurance
1st Party Insurance Required.
Security
The car must be covered under a comprehensive car insurance policy.
Guarantor
You just need only two guarantors to be approved to get this loan.