Car Loan Pubali Bank Limited in Bangladesh. How to get a Car loan in Pubali Bank Limited? What is the process and requirement to apply for a Car loan in Pubali Bank Ltd? Yes, we will describe your Car loan process of Pubali Bank. There are many Bank gives loans for buying cars in Bangladesh. In Pubali Bank Limited Car Loan is easy and effective for the middle-class service holder or businessman. Just fill in the requirement and conditions. Who will eligible to apply for this Car Loan. Bellow, you have to see the details.
Car Loan Pubali Bank Limited in Bangladesh
The vehicle financing to the customer segment in terms of the 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 accepted form of cash/quasi cash securities available in the market.
Who eligible for the Car Loan?
It’s any Bangladeshi individual who has the means and capacity to repay the bank loans. 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 taxpaying businessmen of repute, any employed / self-employed tax-paying individual having a reliable source of income.
Which Purpose do you get a Car Loan?
Purchase of non-commercial new and reconditioned vehicles for personal use only. Pubali Bank Limited will provide the car loan for this purpose only.
Minimum Income and Loan Size of Pubali Bank Limited :
Should have Monthly net income at least 3 times of loan installment. The 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
The loan amount can not exceed 65% of the vehicle price in case of minimum downpayment @ 35% in cash. In the case of FDR minimum security @ 35% of the vehicle price and the 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 at Pubali Bank in Bangladesh. For more details, you can visit Pubali Bank Limited’s official site www.pubalibangla com. Click Here. So if you are interested to buy the car for personal use only then you may apply to Pubali Bank Limited.