One Bank Car Loan
An Amazing Feature With No Hidden Charge
Key Product Features
Floating (Variable) Interest
Have no option to convert to fixed interest.
|Min. financing Amount||BDT300000|
|Max. financing Amount||BDT4000000 50% of car quotation price|
|Min. loan tenure||1 year|
|Max. loan tenure||6 year|
|Islamic / Conventional||Conventional|
|Approval duration||7 working days|
Fees and Charges
|One time set-up||Penalties|
Sanction letter fee
Late Payment Charges
CIB Charge BDT 100.
Age 21years - 57years
Min Income requirement
BDT30000 gross per month
- Salaried Employee
- Self Employed
- Land Owner
Eligible Segment :
- Any credit worthy individual;
- Salaried Executives: Minimum 2 year of experience with 6 month permanent employment with present employer
- Professionals: Minimum 2 year of practice in the profession
- Businessman: Minimum 2 years of involvement in same nature of business
Joint Registration of the vehicle under the names of both the borrower(s) and bank
Allows joint applicant?
Insurance is mandatory but borrower can choose which type of insurance he/she may take.
The vehicle is hypothecated to the bank only.Guarantor
One Bank Car Loan
Required Documents :
- Recent passport size color photographs of applicant (s) and guarantor (s),
- Photocopy of NID/passport/ driving license of applicant (s) and guarantor (s),
- Price quotation of car,
- Latest utility bill (gas/water/electricity/municipal tax),
- Business card/ office ID of applicant (s) and guarantor (s) if any,
- Latest tax certificate/ E-TIN,
- Personal net worth statements of applicant (s) and guarantor (s),
- Bank statement of last 12 months for businessmen and 6 months for others,
- Rent or lease agreement of house/ property (if applicable).
Additional documents required for Salaried Person /Self Employed :
- Salary Certificate/ Letter of Introduction,
- Offer letter/Release letter from previous employer to prove service experience,
- Professional certificate issued by concerned institution.
Additional documents required for Businessmen :
- Copy of trade license,
- Memorandum of Association and Articles of Association of the company,
- Certificate of Incorporation,
- Latest form xii,
- Partnership deed.
Additional documents required for Landlord/Landlady :
- Title deed of premises / property,
- Valid rental deed with tenants,
- Utility bill copy,
- Ground rent payment and municipal tax payment receipt.
Maximum Loan Tenure:
- 72 months for brand new vehicles
- 60 months for reconditioned vehicles
- No Hidden Charge
- Flexible at insurance type choosing