BRAC Bank Limited :: Retail Banking » Loan Products

Schedule of Charges

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Retail Banking

	Loan Products

	Salary Loan

	Quick Loan

	Auto Loan

	Home Loan

	Secured Loan/Overdraft


	Schedule of Charges for Retail Lending

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: Min 1 Year as permanent employee.

	Age of Business: Min 2 years

* Conditions Apply

Features

	Upto 90% 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 Phone Banking: 01819 230000 or e-mail us at enquiry@bracbank.com

We will soon be in touch with you

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24 Hour Phone Banking
+88 01819 230000