Modhumoti Vehicle Loan

Having a car, now a day, is no longer a luxury product, but it has become a necessity. To meet this necessary growing demand, Modhumoti Bank Limited introduces a very attractive loan scheme namely, Modhumoti Vehicle Loan with easy repayment options while getting bank loan becomes much tough for common people now a days. You can purchase brand new or recondition car for personal use by this excellent vehicle loan.

Key Features

• Loan amount ranging from BDT 3,00,000.00 to BDT 40,00,000.00.
• Car financing up to 50% of reconditioned or brand new car.
• No hidden charges.
• Competitive interest rate.
• Automatic realization of monthly installment.
• Early full and partial settlement allowed.
• Shortest loan processing time.
• Loan Tenor: 12 to 60 months.
• Processing Fee: 1% of Loan Amount.
• 0.50% less than the usual rate for vehicles purchase from Enlisted Car Vendors.

Eligibility

• Age between 21 and 60 years.

Length of Service/ Business/ Practice

• For Salaried Executives: Minimum 2 years of working experience with 6 months permanent employment with current employer.
• For Professionals: 1 year practice experience.
• For Businessmen: Minimum 2 years of involvement in business.

Monthly Income

• For salaried applicant BDT 30,000.00.
• For businessmen and self-employed applicants BDT 40,000.00.

Documentation Needed to Apply

• National ID Card/ Passport/ Driving license.
• Recent color photograph, business card and office ID card.
• Copy of TIN related document.
• Letter of introduction (In case of salaried executives) as per given format or Pay Slip.
• Professional Certificate for Professionals.
• Trade license/ MOA for Businessmen.
• Bank Statement of last 12 months.
• One personal guarantee required.
• Valid Quotation of the car to be purchased.

Security
Hypothecation over the car.

To know more, please contact any branches of Modhumoti Bank Limited on working days.

Or,
Retail Banking Division
Modhumoti Bank Limited
Head Office
DCCI Building (3rd Floor)
65-66 Motijheel C/A, Dhaka 1000.
Phone: 017 87662944 (10:00 am - 6:00 pm on working days).

N.B.: Modhumoti Bank may change, add or remove any conditions any time without notification.

About Modhumoti Bank PLC

Modhumoti Bank PLC provides a wide range of modern banking services to customers throughout Bangladesh. The bank is committed to offering technology-based, customer-friendly and secure financial solutions for individuals, businesses and institutions. Its retail banking services include savings accounts, current accounts, fixed deposit schemes, personal loans, debit cards, credit cards and remittance facilities. Customers can also access convenient digital services such as internet banking, mobile banking, SMS banking, online fund transfer and ATM facilities, allowing them to perform banking transactions quickly and securely from anywhere in the country.

In addition to retail banking, Modhumoti Bank offers comprehensive corporate banking services for businesses and industries. These services include trade finance, project financing, working capital loans, treasury services and cash management solutions. The bank supports economic growth by providing financial assistance to various industrial and commercial sectors. Modhumoti Bank also plays an important role in promoting entrepreneurship through its SME banking services, offering specialized loan products and financial support for small and medium enterprises.

Furthermore, the bank operates Islamic banking services through selected branches and windows that follow Sharia-compliant principles. It also provides foreign exchange and international remittance services, helping expatriate Bangladeshis send money safely and efficiently to their families. Through its advanced technology, innovative banking products and customer-oriented approach, Modhumoti Bank PLC continues to strengthen its position in the banking sector of Bangladesh and contributes significantly to the country's economic development and financial inclusion.