car loan

Apply for Car Loan from Home with Bank Asia!

Here, we are mainly offering auto loans to individuals who wants to purchase cars for personal use.

Bank Asia offers auto/car loan as a term loan to individuals who wants to purchase a brand and reconditioned vehicle for personal use. Here, we are mainly offering auto loans to individuals who wants to purchase cars for personal use. You can now get your dream car at only 9% interest rate.

Customer Requirement(s)

  • A Bangladesh Citizen who has the means and capacity to repay the loan
  • The loan is offered to both individuals and corporate that have a reliable income source
  • Main applicant’s minimum age should be of 23 years and maximum year should be 65 years at of loan maturity.
  • The Applicant MUST have two Guarantors.

Benefits

  • Loan amount starts from a minimum of BDT 300,000 to the maximum BDT 40,00,000
  • Repayment tenure is a maximum of 5 years for reconditioned car and 6 years for brand new car
  • Payment method is as Equal Monthly Installment
  • Competitive interest rate
  • No hidden cost/charge

Required Documents

1. Common Documents for Car loans

  • Passport-Sized Copies of the Applicant’s Recent Photograph (2 copies of applicant and 1 each for guarantors).
  • One Copy of Valid NID/Birth Certificate/ Bangladesh Passport/ Driving License of the Applicant.
  • Last Tax Return/TIN Certificate.
  • Visiting Card
  • Valid letter of introduction for a Service Holder
  • Salary Slip with duly stamped by competent authority (if salary is paid in cash form
  • Valid trade license for a Business Person
  • Latest Bank Statement of Minimum 6 months
  • Quotation pf the car to be purchased
  • Two personal Guarantees (Spouse/parents/immediate relatives and an individual acceptable to the bank.
  • Borrower and Guarantor details (Present and permanent address, telephone number of residence and office & Mobile number)
  • Any other document that may stand as a proof of income
  • Utility Bills

2. Common Documents for Guarantors

  • 1 Passport-Sized Copies of the Guarantor’s Recent Photograph.
  • One Copy of Valid NID/Birth Certificate/ Bangladesh Passport/ Driving License of the Guarantor.
  • Visiting Card
  • Guarantor’s monthly income must be three times of the loan installment
  • Guarantor must have own residence in Dhaka Metropolitan Area
  • Guarantor details (Present and permanent address, telephone number of residence and office & Mobile number)
  • Any other document that may stand as a proof of income
  • Utility Bills

Bank Charges and Fees

  • Processing fee is 1% of the loan amount with 15% VAT on processing fees.
  • Expenses regarding property valuation, Vetting, CPV, CIB & other mortgage related fees & charges are to be incurred by applicant
  • 1% on the outstanding loan amount is charged for partial/final settlement/payments.
  • All relevant stamp charges are to be incurred by the borrower(s)

APPLY NOW!

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