Bank Asia Auto Loan

This product will allow car financing to the customer segment. Under this scheme, the vehicle is hypothecated to the bank only. In addition to this registration requirement, on a case-to-case basis, bank may also secure the loan partially by the commonly acceptable form of cash/ quasi cash securities available in the market.

Loan Feature

• Loan amount Maximum BDT 20,00,000.00 for both Recondition & Brand new car.
• Repayment tenure Maximum 5 years for reconditioned car & 6 years for Brand new car.
• Payment method- Equal Monthly Installments.
• Competitive interest rate.
• No early settlement & partial adjustment fees.
• No hidden cost.

Eligibility

• Age limit: Minimum 25 years, Maximum 65 years at loan maturity.
• Monthly surplus income (after meeting all expenses) shall be at least BDT 15,000.00.
• For salaried individual, minimum service length of 3 years and must be a confirmed employee. For self employed individual, a business record of minimum 3 years.

Customer Segment
Any Bangladeshi individual who has the means and capacity to repay bank loan; In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non Government Organizations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed/ self-employed tax-paying individual having a reliable source of income.

Bank Asia may change, add or remove any conditions any time without notification.

More Bank Asia Credit Offers

• Bank Asia Consumer Durable Loan

About Bank Asia Limited

Bank Asia provides a wide range of banking services in Bangladesh, catering to both individual and business customers. Its offerings include traditional banking products like savings accounts, current accounts, and fixed deposits, along with personal loans, home loans, and car loans. The bank also provides specialized services such as trade finance, foreign exchange, and working capital solutions for businesses. In addition, Bank Asia is a leader in digital banking, offering mobile banking, internet banking, and ATM services for enhanced convenience. With a focus on innovation, customer satisfaction, and financial inclusion, Bank Asia continues to meet the diverse needs of its clientele.