Auto Loan by AB Bank

AB Bank Limited

Phone: +88-02-9560312
Fax: +88-02-9564122, 23
Name

Auto Loan

Description
1. Purchase of Brand new cars
2. Purchase of Re-conditioned cars
Loan Amount
80% of the value of the brand new car or reconditioned car but not exceeding BDT 20,00,000/-
Tenure
Reconditioned Car: Max 60 months
Brand new Car: Max 72 months
Interest Rate
14.50% p.a. – 17.50% p.a. Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 5000.00 whichever is higher
Conditions
Security Hypothecation of the vehicle to be purchased.
Guarantee Personal guarantee of spouse/ parents only.

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