Car/Motorcycle Loan

Any Bangladeshi individual who has the means and capacity to repay bank loan, In specific terms, these could be salaried employees/executives of multinational and middle to large size local corporate, Government, Semi-autonomous body, in reputed NGOs (Non Government Organizations) international aid agencies and UN bodies, and other employees acceptable to the bank

Purpose :

To Purchase a brand new or reconditioned Car for personal use only
To Purchase a brand new Motorcycle for personal use only

Customer Eligibility :

Minimum age 25 years ( At the time of application)
Maximum age at loan maturity up to 60 years (At the end of Loan Tenor)
For salaried individual, must be Permanent & Confirmed employees of a relevant firm with minimum 3 years experience in the present organization
For Businessmen, Business Record of minimum 2 years
Yearly income should be At least three times of the total yearly installments amount of applied loan.
Borrower must reside for at least 6 month in the same addres

Loan Size :

Maximum amount of loan under this Scheme will be Tk.10.00 lac (Taka Ten Lac) for Car and Tk.1.00 Lac for Motorcycle.

Loan to Value Ratio :

Maximum 50% of the cost of the Car/Motorcycle is allowed

Documents Required :

Two Personal Guarantees with net worth declaration.
Personal Guarantee of spouse/parent
Post dated cheques for all installments
One undated cheque covering total amount of all installments

Tenor :

Minimum 1 Year; Maximum 5 Years

Availability Period :

Maximum 6 months from the date of sanction advice

Repayment method :

Equal Monthly Instalment.

Prepayment :

Loan to be prepaid on payment of 2% breakage cost on prepayment amount

Disbursement Mode :

By issuing payment order directly to the seller

Debt Burden Ratio (DBR%) :

A maximum of 33% based on net monthly income.

Documents Required :

Recent Passport size photographs of applicant(s) and guarantor (s).
Photocopy of NID/Passport of applicant (s) and guarantor (s)
Latest Utility Bill (Gas/Water/Electricity)
Quotation for Vehicle/Motorcycle to be purchased.
Business Card/Office ID of applicant (s) and guarantor (s), if any
Latest Tax Certificate / E-TIN
Personal Net Worth statements of applicant (s) and guarantor (s).
Bank Statement of last 12 months for businessmen and 6 months for others.
Rent or Lease agreement of house/property (if applicable)
1st Party Insurance comprehensive insurance of the car
Joint Registration of the car/motorcycle ( Borrower & Bank)
Salary Certificate / Letter of Introduction.
Employer Certificate issued by the concerned Institution

Documents Requirement for Businessmen :

Copy of Up to date Trade License.
Copy of Memorandum & Articles of Association.
Certificate of Incorporation.
Latest Form XII
Registered Partnership Deed.
Two years bank transaction record

*Condition will be applicable

Exchange Rates

Mon, Jun 08, 2026 07:25 AM

Currency	Buying	Selling
USD	120.20	122.22
EUR	110.20	112.50

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