Dreaming of owning a Car? Get and drive your dream into reality. We offer Car Loan to purchase
brand new/ reconditioned/ used vehicle, according to your requirement.
Features:
Loan amount from BDT 5 lac to 40 lac or 50% of the vehicle’s price, whichever is lower.
Flexible repayment (EMI) of 12 - 60 months for brand new/ reconditioned vehicle. 36 Months for used vehicle.
Competitive Interest Rate.
Processing Fee: 0.50% of the loan amount but not more than Tk.15,000/- plus VAT.
No Hidden Charge.
Easy documentation & quick processing.
Option for early & partial settlement.
Partial Settlement Fee: @0.25% but maximum Tk.10,000/- plus VAT.
Early Settlement Fee: @0.50% on outstanding amount plus VAT.
Eligibility:
Types of Vehicle:
- Vehicle must be non-commercial unregistered brand new or reconditioned.
- The vehicle which is sold only 01(one) time by a showroom earlier as new/ reconditioned vehicle.
Applicant must be Tax Paying Bangladeshi Individual having satisfactory net-worth who has the means and capacity to repay Bank loan.
Age: Minimum 21 years & maximum 65 years at the time of maturity of the loan.
Monthly net income must be 3 times of loan installment.
Required Documents:
Copy of National ID of Applicant & Guarantor(s).
3 Copies of recent lab printed passport size photograph of applicant and guarantor(s).
Copy of latest Income Tax Clearance Certificate/ Tax Return/ Tax Acknowledgement Receipt of the applicant.
Copy of utility bill.
Bank statement of at least 06 months of Applicant.
Bank statement of additional Guarantor (3rd party). In this case, newly opened A/c in Pubali Bank is also accepted.
For salaried person, letter of introduction & salary certificate from competent authority.
For businessman, valid trade license & income statement.
Quotation of vehicle from bonafide Auto Dealers duly accepted by applicant.
Security:
Registration of the vehicle in the name of client & Bank.
Hypothecation over the Car.
Personal Guarantee(s).
Authorization for debiting client's deposit account for collection of EMI.
Required No's of fully prepared post dated & valid signed MICR cheques with Memorandum of Deposit of cheques.
First party comprehensive insurance of the vehicle.
Please contact your nearest PB PLC. Branch/ Sub-Branch/ IBW countrywide, or directly contact
Tel.02-223381614 Ext. 380, 490, 47118710, 47118827; IP +88 09666821816 or e-mail us at [email protected]