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Home » Retail Banking » Loan Products » Auto Loan
BRAC Bank Auto Loan: It is time to own a real car.
Whether you want to purchase a brand new car or a reconditioned one, BRAC Bank Auto Loan is built for maximum speed and efficiency. Get your dream car on the road in no time.
Eligibility
Available for Salaried individuals, Business Persons, Self Employed & Landlord.
Age between 21 at the time of application to 65 at the time of maturity *
Minimum Monthly Income: BDT 25,000 (for salaried); BDT 35,000 (for others).
Length of service: Confirmed employment with total 1 year work experience.
Age of Business: Min 2 years
* Conditions Apply
Features
Upto 50% of quoted value of the car.
Loan Amount: Up to BDT 2,000,000.
Competitive Interest Rates
Tenor: 12 to 60 months.
For brand new and reconditioned cars
Documents Required
Latest one year's personal bank statement
Photocopy of national ID/Passport
One copy passport size photograph of the applicant
One copy passport size photograph of guarantor
Price quotation of the vehicle
Business card/ visiting card of the applicant
Personal TIN certificate
Additional documents required for salaried person
Letter of Introduction stating salary, issued by the employer
Additional documents required for business person
Copy of Trade License
Company’s bank statement for last one year
Memorandum of Articles for Limited Liability Company
Additional documents required for self employed person
Professional Certificate issued by authorized institution
Additional documents required for self landlord
Valid documents of the property
Rent receipt/deed
Schedule of Charges
Processing Fee: 1.0% of Loan Amount.
Early Settlement Fee: 2% (within 1 -2 years), 1% (after 2 years and before expiry)
For any banking needs please call 24 Hour Call Center 16221 or e-mail us at enquiry@bracbank.com
We will soon be in touch with you
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