Features:

• MTB Auto Loan is available for financing brand new reconditioned (unregistered) and registered (locally used) cars
• No hidden charges
• Competitive interest rate
• Easy documentation and quick processing
• Option for early settlement
• Financing for brand new, reconditioned (unregistered) and registered (locally used) cars

Loan Amount:

• For brand new & reconditioned (unregistered) car:
  Minimum BDT 400,000/-and Maximum BDT 40,00,000/-
• For registered used car:
  Minimum BDT 400,000/-and Maximum BDT 25,00,000/-
  Note: Maximum loan size will be governed by BB regulation.

Repayment Tenor:

• Minimum- 06 months
• Maximum- 72 months (72 months for Brand new and 60 months for reconditioned vehicle)
• Maximum 48 months for locally registered/ used vehicle

Eligibility:

• Age Minimum 21 and maximum 65 years or retirement date whichever is earlier at the loan maturity
• Experience:
  • Salaried person : 1 year with 6 months permanent employment status
  • Self employed : 1 year of practice in the profession
  • Businessperson : 2 years of involvement in the same nature of business
• a)Minimum BDT 40,000 for Salaried Person/Self-employed Professional
  b)Minimum BDT 50,000 for Businessperson/Land lord/other income individuals