MDB Car Loan

DESCRIPTION

Enjoy the freedom of driving your own car with MDB Car Loan.

Title Details
Features  
  • Car loan for purchase of brand new or reconditioned car (for private use only)
  • Loan Amount ranges from BDT 200,000 to BDT 4,000,000
  • Repayment tenure of 12 months to 60 months
  • Competitive interest rate
  • Early full settlement and partial settlement allowed
  • No hidden charges
  • Quick loan processing
Eligibility  

Experience :

  • Salaried Executives : Minimum 2 years’ experience with 6 months employment with present employer
  • Self Employed : (Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant, IT Professionals etc.) with Minimum 2 years’ experience
  • Businessperson : Minimum 2 years of involvement in business
 

Age :

  • Minimum : 21 Years
  • Maximum : 62 years (For Salaried), 65 Years (For Others) (at the end of loan tenor)
 

Minimum Gross Monthly Income :

  • Govt. Employees : Minimum BDT 25,000 per Month
  • Salaried Exec. : Minimum BDT 30,000 per Month
  • Professionals/Businessperson : Minimum BDT 30,000 per Month
 

Joint Application :

  • Joint application allowed
Tenure :
  • Maximum 5 (five) years
Purpose :
  • For purchasing new or reconditioned car
Benefit :
  • Quick loan processing
Taxes, Duty, Surcharges :
  • As per NBR circular
Highest Amount :
  • Bank will finance maximum 50% of car quotation price or BDT 40 lac whichever is lower

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