Auto Loan by AB Bank

AB Bank Limited

Phone: +88-02-9560312

Fax: +88-02-9564122, 23

Email: [email protected]

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.