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 4,000,000
  • Repayment tenure of 12 months to 60 months
  • 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 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 50% of car quotation price or BDT 40 lac whichever is lower
**Additional features availability for purchasing used car is available
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