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Easy Auto Loan Facility for Salaried Persons, Businessmen, Self Employed and Landlords in Bangladesh at BRAC Bank Ltd Bangladesh

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BRAC Bank Auto Loan (It is time to own a real car)

Whether you want to purchase a brand new car or a reconditioned one, BRAC Bank Auto Loan is built for maximum speed and efficiency. Get your dream car on the road in no time.

Eligibility:
            Available for Salaried individuals, Business Persons, Self Employed & Landlord.
            Minimum Age: 25 Years
            Maximum age: 65 years at the time of loan maturity
            Minimum Monthly Income: BDT 25,000 (for salaried); BDT 35,000 (for others)
            Length of service: Confirmed employment with total 1 year work experience
            Age of Business: Minimum 3 years.

Features:
            Up to 50% of quoted value of the car
            Maximum loan ceiling up to BDT 40 Lac
            Interest Rate: Starting from 10.75%
            Tenure : 12 to 60 Months
            For brand new and reconditioned cars

Documents Required:
            Latest one year's personal bank statement
            Photocopy of national ID/Passport
            One copy passport size photograph of the applicant
            One copy passport size photograph of guarantor
            Price quotation of the vehicle
            Business card/visiting card of the application
            Latest Tax clearance certificate /return receipt of tax

Additional documents required for salaried person
            Letter of introduction stating salary, issued by the employer

Additional documents required for business person
            Copy of trade License
            Company's bank statement for last one year
            Memorandum of Articles for Limited Liability Company

Additional documents required for self-employed person
            Professional Certificate issued by authorized institution

Additional documents required for landlord
            Valid documents of the property

            Rent receipt/deed
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