NRBC Bank Auto Loan

NRBC Bank Auto Loan

Buy Your Dream car, Get Exciting Car loan Offer from NRBC Auto Loan..

  • NRBC Financing against purchase of Brand New Vehicle
  • Financing against purchase of Re-conditioned Vehicle
  • Financing against purchase of Used/Second hand Vehicle

Features

Brand new, reconditioned and pre-owned sedan car, Jeep, crossover, microbus.

  • Loan amount : Up to BDT 60,00,000 up to 60% for non hybrid and up to 70% for Hybrid car
  • Repayment tenor from 12 months to 72 months
  • Minimum age 22 years at the time of loan application.
  • Maximum age 65 years/retirement age (whichever is earlier) for salaried and 65 years for Businessman/Landlords/Professional Segment at the time of loan maturity
  • Option for Bundle Auto Loan-Personal Loan proposition.
  • One personal guarantee is required.
  • Competitive interest rate
  • Advance/Partial prepayment is allowed after 6 months.
  • Minimum loan processing fee.
  • No Hidden charge.

Eligibility and other requirements

For Salaried executives

BDT 40,000 / month

Minimum net income required

  • Length of experience : Minimum 2 years of experience, at least 6 months with present employer (Offer letter and release letter from previous employer to prove 2-year service experience)
  • Letter of Introduction (LOI) as per NRBC Bank format
  • Latest 3-month Pay Slip showing all breakdowns (if any)

For Business person

BDT 50,000 / month

Minimum net income required

  • Length of experience : Minimum 3 years of business experience
  • Trade license copy (minimum 3-year and from inception)
  • Certificate of Incorporation (for limited companies)
  • Memorandum and Articles of Association, latest Schedule X and Form XII (for limited companies)
  • Registered Partnership Deed (for partnership business)

Mandatory documents for all professionals

Clear photocopy of National ID Card

Clear and recent lab print photographs (2 copies)

Original Bank statement of last 12 months

Sanction letter of existing credit facilities along with original last 12 months repayment statement.

Copy of e-TIN Certificate and latest tax return acknowledgement copy

Properly filled up CIB undertaking and enquiry form as per NID

Valid price quotation of selected vehicle

NRBC may ask for any relevant documents if necessary

All applicable fees will be as per NRBC Schedule of Charges