Trust Bank Car Loan

Trust Bank Car Loan

An interesting package with amazing features.

Key Product Features

Interest Rate 11.00%
Maximum loan limit is BDT 20,00,000

Fixed Interest
Fixed Interest
Min. financing Amount BDT200000
Max. financing Amount BDT2000000 Minimum Down Payment: 50% .
Min. loan tenure 1 year
Max. loan tenure 5 year
Islamic / Conventional Conventional
Approval duration Trust Bank may take approximately 15 working days to be approved to get this loan.

Fees and Charges

One time set-up Penalties
Processing fee
1% on approved loan amount.

Sanction letter fee
N/A
Early Settlement
Lock in period 6 months and before 1 year 1%, After 1 year 2%.

Late Payment Charges
3% on overdue amount.
Other Charges
N/A

Eligibility

Age requirement
Age 21years - 60years

Min Income requirement
BDT25000 gross per month

Employment Eligibility
  • Salaried Employee
  • Self Employed

Segments:
Confirmed Service holders, Businessman, professionals.

Age: 
Min. 21 years at the time of Application.
Max. 60 years or Up to retirement age (whichever is Lower) at the end of Loan Tenure.


Other requirements


Car Registration
Yes.
Allows joint applicant?
Yes
Car Insurance
1st Party Insurance Required.
Security

The car must be covered under a comprehensive car insurance policy.

Guarantor
You just need only two guarantors to be approved to get this loan.

Trust Bank Car 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


  • Purpose: To Purchase Reconditioned / Brand New vehicles (Car, SUV & Luxury Microbus).
  • Loan Limit: BDT 2 Lac - BDT 20 Lac.
  • Tenure: 1 year – 5 Years.
  • Minimum Down Payment: 50% .