MDB Saalam Auto Finance
Drive your own car with MDB Saalam Auto Finance.
| Title |
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Details |
| Features |
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- Auto Finance is for purchase of brand new, reconditioned and registered used car (for personal use only)
- Investment Amount ranges from BDT 200,000 to BDT 4,000,000
- Repayment tenure of 12 months to 72 months
- Competitive Profit rate
- Early full settlement and partial settlement allowed
- Quick processing
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| Eligibility |
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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.
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Age :
- Minimum : 21 years
- Maximum : For salaried segment 65 years or retirement date whichever is earlier at investment maturity for salaried segment. For other segment- 65 years
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Minimum Net Monthly Income :
| Category |
Minimum Requirement |
| Salaried Executives (Govt.) |
Tk. 25,000/- per month |
| Salaried Executives (other than Govt.) |
Tk. 25,000/- per month |
| Self-employed, Businessman & Landlord |
Tk. 30,000/- per month |
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Joint Application :
- Joint application allowed
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| Shariah Mode |
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| Tenure |
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| Purpose |
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- Brand new, reconditioned and registered used car
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| Benefit |
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| Taxes, Duty, Surcharges |
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| Highest Amount |
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- Bank will finance maximum 50% of car quotation price or BDT 40 lac whichever is lower
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