MDB Car Loan

Enjoy the freedom of driving your own car with MDB Car Loan.

Title	Details
Features	Car loan for purchase of brand new, reconditioned or used car (for private use only) Loan Amount ranges from BDT 200,000 to BDT 6,000,000 Repayment tenure of 12 months to 72 months Loan maturity must be within 10 years from the date of manufacturing for unregistered car/vehicle. Competitive interest rate Early full settlement and partial settlement allowed No hidden charges Quick loan processing
Eligibility	Experience : Government Employee: Confirmed employee and 3 months’ salary should be credited in the account. Employee of Multinational Companies: Confirmed employee with at least 1 year working experience and 3 months’ salary should be credited in the account. Other Salaried: Must be confirmed employee having 2 years work experience including 3 months at present employer. Self Employed: Must have minimum 2 years’ experience Businessperson: Must have minimum 2 years’ business experience Contractual employees: Minimum length of service is 3 years. Last two contract renewal documents to be provided. Landlord/Landlady: No Experience.
	Age: Minimum: 21 years Maximum: Salaried: 65 years or retirement date as mentioned in Letter of Introduction (LOI) whichever is lower at the end of the loan tenure. Self-Employed Professional/ Businessman/ Landlord: 65 years at the end of loan tenure.
	Minimum Gross Monthly Income : Govt. Employees : Minimum BDT 25,000 per Month Other Salaried : Minimum BDT 30,000 per Month Professionals/Businessperson/Landlord : Minimum BDT 30,000 per Month
	Joint Application : Joint application allowed
Tenure	Maximum 6 (six) years
Purpose	For purchasing new, reconditioned car and used car
Benefit	Quick loan processing
Taxes, Duty, Surcharges	As per NBR circular
Highest Amount	Bank will finance maximum 70% of car quotation price or BDT 60 lac whichever is lower.
FAQ	Frequently Asked Question

**Additional features availability for purchasing used car is available

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