Trust Bank Car Loan

Trust Bank Car Loan

Key Product Features

Interest Rate 11.00%
N/A

Floating (Variable) Interest
N/A
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 15 Working Days

Fees and Charges

One time set-up Penalties
Processing fee
1%

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%
Other Charges
N/A

Eligibility

Age requirement
Age 21years - 60years

Min Income requirement
gross per month

Employment Eligibility
  • Salaried Employee
  • Self Employed
  • Confirmed Service holders
  • Businessman
  • Professionals

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
2

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


Minimum Monthly Income:

  • Applicant's Debt Burden Ratio Should Be 40%

VAT: 15% on all charges, fees & commissions

To Purchase Reconditioned / Brand New vehicles (Car, SUV & Luxury Microbus ). Manufacturing year of the car must be within 5 years of application date.