UCB Auto Loan

UCB Auto Loan

Amazing features with shortest loan processing time

Key Product Features

Interest Rate 10.00%
UCB Auto Loan considers 10% interest rate for all.

Floating (Variable) Interest
N/A
Min. financing Amount N/A
Max. financing Amount BDT2000000 30%
Min. loan tenure 1 year
Max. loan tenure 5 year
Islamic / Conventional Conventional
Approval duration UCB may take approximately 1 month to approve and review your loan request.

Fees and Charges

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

Sanction letter fee
N/A
Early Settlement
No Fee

Late Payment Charges
N/A
Other Charges

1% additional charge on loan amount+VAT if needed.

Eligibility

Age requirement
Age 25years - 65years

Min Income requirement
BDT20000 gross per month

Employment Eligibility
  • Salaried Employee
  • Self Employed

Eligible Segment :

  • Any credit worthy individual.

Professional Experience:

  • 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.

Other requirements


Car Registration
Joint Registration of the vehicle under the names of both the borrower(s) and bank.
Allows joint applicant?
Yes
Car Insurance
1st class comprehensive insurance of the car.
Security
N/A Guarantor
No personal guarantor required

UCB Auto Loan

Required Documents


Documentation:

  • Completed Application Form.
  • Valid Photo ID, National ID, Passport & Driving License of Applicant(s).
  • Valid Photo ID of Guarantor(s).
  • Studio Photographs of Applicant(s) (Self-Attested).
  • Studio Photograph of Guarantor(s) (Attested by Applicant and Guarantor).
  • TIN Certificate along with IT-10B.
  • Copy of Utility Bill- Electricity or WASA or Land Phone (If applicable).
  • Bank Statement of last 12 months.

Additional Documents Required For:

Salaried Person:

  • Salary Certificate (in the form of Letter of Introduction), Pay Slip/Debit Voucher

Self Employed Professional:

  • Professional Certificate(s), Proof of Professional Association Membership (if any).

Businessman:

  • Copy of latest Trade License and along with last 3 years business proof.Certificate of Incorporation (if applicable).
  • Memorandum & Article of Association (if applicable).
  • Latest Form XII & Schedule X (if applicable).
  • Partnership Deed (for partnership concern).
  • Financial statements (if applicable).

Landlord:

  • Title deed, Mutation copy, Rental deed, Holding tax copy, Partition deed for joint property (if applicable)

Auto Loan/Lease Institution:

  • Copy of latest trade license and along with last 3 years business proof.
  • Certificate of Incorporation (if applicable).
  • Memorandum & Article of Association (if applicable).
  • Latest Form XII & Schedule X (if applicable).
  • Partnership Deed (for partnership concern).
  • Financial statements of last Three (03) years.
  • Company profile along with the shareholder's details.
  • Board/Partners resolution (if applicable)

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



Additional Information


N/A