Bank Asia Auto Loan

Bank Asia Auto Loan

Key Product Features

Interest Rate 12.00%
Interest rate 12% to 14% depending on the customer sigment & loan amount.

Floating (Variable) Interest
Min. financing Amount N/A
Max. financing Amount BDT3000000 50%
Min. loan tenure 1 year
Max. loan tenure 5 year
Islamic / Conventional Conventional
Approval duration 15 Working Days

Fees and Charges

One time set-up Penalties
Processing fee

Sanction letter fee
Early Settlement
No Early Settlement & Partial Adjustment fees

Late Payment Charges
Other Charges


Age requirement
Age 25years - 65years

Min Income requirement
BDT15000 gross per month

Employment Eligibility
  • Salaried Employee
  • Self Employed
  • Land Owner

Any Bangladeshi individual who has the means and capacity to repay bank loan; In specific terms, these could be

  • salaried executives of multinational and middle to large size local corporate
  • Government officials
  • Officials working in reputed NGOs (Non Government Organizations)
  • International aid agencies & UN bodies
  • Any tax paying businessmen of repute
  • Any employed / self-employed tax-paying individual having a reliable source of income.


  • For salaried individual, minimum service length of 3 years and must be a confirmed employee.
  • For self employed individual, a business record of minimum 3 years.

Other requirements

Car Registration
Allows joint applicant?
Car Insurance
1st Party Insurance Required

The vehicle is hypothecated to the bank only. In addition to this registration requirement, on a case-to-case basis, bank may also secure the loan partially by the commonly acceptable form of cash/quasi cash securities available in the market.


Bank Asia Auto Loan

Required Documents

  • National ID Card / Passport / Driving license.
  • Recent color photograph,
  • business card and office ID card.
  • Copy of TIN related document
  • Letter of introduction (In case of salaried executives) as per given format or Pay Slip
  • Professional Certificate for Professionals
  • Trade license/MOA for businessmen Bank Statement of last 12 months
  • Valid Quotation of the car to be purchased.

Additional Information

Minimum Monthly Income:

  • Monthly surplus income (after meeting all expenses) shall be at least BDT 15,000

Max Tenure:

  • 5 years for reconditioned car
  • 6 years for Brand new car

VAT: 15% VAT applicable over all kind of charges and fees