Features:
Customer Segment:
- Salaried Person
- Self Employed Professionals.
- Businessman
- Land Lord/ Lady
Maximum age:65 years at the time of investment maturity/till the date of retirement (whichever is earlier).
Purpose: Purchase of new and reconditioned vehicles for personal uses.
Work Experience:
- Salaried Person: Permanent & confirmed service holders & length of service should be 01 (One) years with 6 months employment with present employer (excluding probation period).
- Self-employed professionals: Minimum 2 (two) years.
- Businessman: Minimum 3 (three) years.
- Land Lord/ Lady: Proof of income, at least 25% rental income must be reflected in Bank statement
Minimum Income:
- Salaried Person/ Self Employed Professionals/ Land Lord/ Lady: Minimum monthly net income BDT 30,000.00 (Thirty thousand) only
- Businessman: Minimum monthly net income BDT 40,000.00 (Forty thousand) only
Investment Size:
Minimum BDT 200,000.00 (Two lac) only. & Maximum BDT 40,00,000.00 (Forty lac) only.
*Investment facility to the dependent members of an individual shall also be treated as part of the exposure of that individual.
Type of Car: Brand new automobile ,Reconditioned automobile is not older than 5 (Five) years/as per the decision of the regulatory authority.
Minimum equity Participation: Equity Minimum 50% /as per decision of the regulatory authority as well as TBL.
Tenor:12 to 60 months for all type of car
- Contractual employees are allowed only if the applicant is employed by any Multi National, UN Bodies, embassies & Development Organizations;
- If single contract period is 06 months or 12 months, 02 (two) previous contract renewals will be required;
- If single contract period is 02 (two) years or more, previous 01 (one) contract renewal will be required;
- Minimum gross monthly salary BDT 60,000/
- Investment tenor will be maximum as per contract agreements supports. However, all other credit criteria must be met.
