AB Bank Limited
Phone: +88-02-9560312
Fax: +88-02-9564122, 23
Email: info@abbank.com.bd
Name
Auto Loan
Description
1. Purchase of Brand new cars
2. Purchase of Re-conditioned cars
2. Purchase of Re-conditioned cars
Loan Amount
80% of the value of the brand new car or reconditioned car but not exceeding BDT 20,00,000/-
Tenure
Reconditioned Car: Max 60 months
Brand new Car: Max 72 months
Brand new Car: Max 72 months
Interest Rate
14.50% p.a. - 17.50% p.a. Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 5000.00 whichever is higher
Processing fee: 1% on the approved loan amount or Tk. 5000.00 whichever is higher
Conditions
Security Hypothecation of the vehicle to be purchased.
Guarantee Personal guarantee of spouse/ parents only.
Guarantee Personal guarantee of spouse/ parents only.
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