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:
  • Minimum BDT 5.00 Lac
  • Hybrid/ Electric vehicles: Maximum loan amount BDT 80 lac; up to 80% of the vehicle value
  • Non-hybrid vehicles: Maximum loan amount BDT 60 lac; up to 60% of the vehicle value
  • Registered Vehicle/ Used Vehicle: Maximum loan amount BDT 40 lac; up to 50% of the vehicle value
• Flexible repayment (EMI) of 12-72 months for brand new/ reconditioned vehicle and 48 Months for used vehicle.
• Competitive Interest Rate.
• Processing Fee:
  • Up to BDT 50 Lac: 0.50% of the loan amount or BDT 15,000.00 plus VAT whichever is lower.
  • More than BDT 50 Lac: 0.30% of the loan amount or BDT 20,000.00 plus VAT whichever is lower.
• 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 retail@pubalibankbd.com