Car Loan Pubali Bank Limited in Bangladesh. How to get Car loan in Pubali Bank Limited? What is the process and requirement to apply for Car loan in Pubali Bank Ltd? Yes we will describe you Car loan process of Pubali Bank. There are many Bank give loan for buying car in Bangladesh. In Pubali Bank Limited Car Loan is easy and effective for the middle class service holder or business man. Just fill the requirement and conditions. Who will eligible for apply this Car Loan. Bellow you have to see details.
The vehicle financing to the customer segment in terms of bank’s policy. Under this scheme, the vehicle is hypothecated to the bank only. In addition to this registration requirement, on a case to case basis, banks may also wish to secure the loan partially by the commonly acceptable form of cash/quasi cash securities available in the market.
Car Loan Pubali Bank Limited in Bangladesh
Who eligible for the Car Loan in Publai Bank Limited?
Its 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 Organisations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed / self-employed tax-paying individual having a reliable source of income.
Which Purpose you get Car Loan?
Purchase of non-commercial new and reconditioned vehicles for personal use only.
Minimum Income and Loan Size of Pubali Bank Limited :
Should have Monthly net income at least 3 times of loan installment. Maximum loan size will be Tk.15 Lac.
Installment Size per Lac of Car Loan :
- 3 years term — Tk. 3,505/-.
- 4 years term — Tk. 2,806/-
- 5 years term — Tk. 2,386/-
Loan to Price Ratio
Loan amount can not exceed 65% of the vehicle price in case of minimum downpayment @ 35% in cash. In case of FDR minimum security @ 35% of the vehicle price and loan amount will be 100%.
Interest Rate of Car Loan in Publai Bank Ltd:
- Bank Interest – 10%
- Risk Fund – 1%
- Agent Commission – 3%
Besides there are many things about this car loan in Pubali Bank in Bangladesh. For more details you can visit Pubali Bank Limited official site www.pubalibangla com. Click Here. So if you are interest to buy car for personal use only then you may apply in Pubali Bank Limited.