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, used, hybrid, or electric vehicles (for private use only)
Loan amount ranges from BDT 200,000 to BDT 6,000,000 for conventional vehicles and up to BDT 8,000,000 for hybrid and electric vehicles.
Flexible repayment tenure from 12 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 the loan tenure.
Self-Employed Professional/ Businessman/ Landlord: 65 years at the end of loan tenure.

Minimum Gross Monthly Income :

Joint Application :

Tenure

Purpose

Benefit

Taxes, Duty, Surcharges

Highest Amount

Vehicle Type	Maximum Financing
Conventional Vehicle	Up to 60% of vehicle value, maximum BDT 60 lac
Hybrid & Electric Vehicle	Up to 80% of vehicle value, maximum BDT 80 lac

FAQ

**Additional features availability for purchasing used car is available