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Auto Finance Scheme
The Auto Finance Scheme will facilitate the client to have financing for purchasing non-commercial new and reconditioned vehicles for personal use only.
Product information
Size of Investment
Maximum TK. 20,00,000/
Rate of Rent/Profit/Mark-up
@ 17% (may be reset time to time by the Bank)
Processing Fee
@ 1% of investment amount or Tk. 5,000/= whichever is higher. (may be reset time to time by the Bank)
Tenor
For New Cars Maximum 72 months and for Reconditioned Cars: Maximum 60 months
* Car model should not be older than 6 years at the time of registration in Bangladesh.
Investment to Price Ratio
Financing up to maximum 30% of cost
Age of Client
Minimum: 25 years and maximum 65 years (At the time of maturity of investment).
Minimum Monthly Income of Client
2.5 times of the installment size
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