Car Loan in Pubali Bank Bangladesh
Secure your dream car with a Pubali Bank car loan in Bangladesh. Drive your dreams with Pubali Bank’s car loan in Bangladesh. Affordable rates, flexible terms, and easy approval process for your new vehicle.
Key Features of Car Loan in Pubali Bank Bangladesh
| Loan Amount | BDT 5 lac to 40 lac or 50% of the vehicle’s price, whichever is lower |
| Repayment Period | 12 to 60 months |
| Interest Rate (as of October 2023) | 9% |
| Processing Fee | 0.50% of the loan amount, but not more than Tk. 15,000 |
| Hidden Charges | No hidden charges |
Car Loan in Pubali Bank Bangladesh Eligibility
- The vehicle must be a non-commercial unregistered brand new or reconditioned car.
- The applicant must be a tax-paying Bangladeshi individual with a satisfactory net worth and the means and capacity to repay the loan.
- The applicant must be between the ages of 21 and 65 at the time of maturity of the loan.
- The applicant’s monthly net income must be three times the loan installment.
Car Loan in Pubali Bank Bangladesh Required documents
- Copy of the applicant’s/guarantor’s National ID.
- Two copies of recent lab-printed passport size photographs.
- Copy of the applicant’s latest Income Tax Clearance Certificate/Tax Return/Tax Acknowledgement Receipt.
- Copy of a utility bill.
- Bank statement of at least 06 months of the applicant.
- Bank statement of the guarantor.
- For salaried persons, a letter of introduction and salary certificate from the competent authority.
- For businessmen, a valid trade license and income statement.
- Quotation of the vehicle from a bonafide auto dealer, duly accepted by the applicant.
Car Loan in Pubali Bank Bangladesh Security
- Registration of the vehicle in the name of the client and bank.
- Hypothecation over the car.
- Personal guarantee(s).
- Authorization for debiting the client’s deposit account for collection of EMI.
- Required number of fully prepared post-dated and valid signed MICR cheques with a Memorandum of Deposit of cheques.
- First-party comprehensive insurance of the vehicle.
How to apply for Car Loan in Pubali Bank Bangladesh
To apply for a car loan from Pubali Bank Bangladesh, you can visit any of their branches or apply online through their website. You will need to submit all of the required documents and complete a loan application form. Once your application has been processed and approved, you will receive a loan agreement to sign. Once you have signed the loan agreement, the loan amount will be disbursed to you.
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