MDB Saalam Auto Finance

Drive your own car with MDB Saalam Auto Finance.
Title Details
  • 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
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.
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
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
Joint Application :
  • Joint application allowed
Shariah Mode
  • HPSM
  • Maximum 6 (six) years
  • Brand new, reconditioned and registered used car
  • Quick 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