Standard Chartered Bank Saadiq Auto Finance

Standard Chartered Bank Saadiq Auto Finance

Key Product Features

Interest Rate 12.00%
11.5% for the SCB A/C holders and 12.5% for others.

Floating (Variable) Interest
Min. financing Amount BDT500000
Max. financing Amount BDT4000000 50%
Min. loan tenure 1 year
Max. loan tenure 7 year
Islamic / Conventional Islamic
Approval duration 20 working days

Fees and Charges

One time set-up Penalties
Processing fee

Sanction letter fee
Early Settlement

Late Payment Charges
Other Charges

CIB Charge: BDT 100


Age requirement
Age 25years - 60years

Min Income requirement
BDT48000 gross per month

Employment Eligibility
  • Salaried Employee
  • Self Employed
  • Land Owner
  • Bangladeshi by citizenship or by birth
  • Permanent employees of Govt., Semi Govt. and Autonomous Bodies, Banks and financial institutions,  Senior teachers of University, Govt. School, College and Madrasha, Executives/Officers of Multinational Companies and renowned NGOs
  • Worthy businessman having trade license, VAT certificate and TIN
  • Self-employed professionals like Doctors, Engineers, Architects and Accountants having sufficient cash flow.
  • Trade license of minimum 3 years for businessmen.
  • Employees working on renewable contract basis with 12 months or more.

Other requirements

Car Registration
Car will be registerd at the name of bank till end of the loan period or loan formalities.
Allows joint applicant?
Car Insurance
1st class comprehensive insurance of the car

hypothecation over the car. post dated cheques


Standard Chartered Bank Saadiq Auto Finance

Required Documents

  • Accepted copy of the quotation of the items to be purchased 
  • 2 attested photographs
  • Photocopy of NID/ Passport
  • Last one years' bank statements
  • TIN certificates
  • Last tax return
  • Letter from employer with details of employment and salary
  • Rent receipt/ Rental Agreement
  • Proof of Address ( copy of t&t/ post paid mobile bill/any utility bill/municipal tax receipt)
  • Whether enjoying any other investment facility with any other banks, the amount, mode and name of the bank including security and present performance to be stated clearly in client's declaration.
  • For service holder: Letter from employer with details of employment position and salary, salary certificate, pay slip, visiting card, copy of employer ID.
  • For Businessmen: Trade License of minimum 3 years/ memorandum of articles & visiting card
  • For Teachers: salary certificate/ pay slip, visiting card, copy of employer id, any other income documents.
  • For Landlord/Landlady: 3 months' rent amount as reflected in the rental agreement or rent receipt. proof of ownership of propert

Note: Additional document may require considering the profile of the applicant.

Additional Information


No prior account relationship required with Standard Chartered.  Additional Info: Maximum allowable age of the vehicle at the end of the loan tenor is 10 years in case of Toyota, and 8 years in case of other brands. Partial payment fee: 2% of the prepayment amount. 

Minimum Income: For Businessmen Yearly turnover must be BDT 12000000