MDB Saalam Auto Finance

Drive your own car with MDB Saalam Auto Finance.
Title Details
Features
  • Auto Finance for purchase of brand new, reconditioned, registered used, hybrid, and electric vehicles (for personal use only).
  • Investment 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 72 months.
  • Competitive Profit rate
  • Early full settlement and partial settlement allowed
  • Quick loan processing
Special Features

Exclusive Rate Benefits are available to the following eligible professionals:

  • Registered Medical Doctors
  • Engineers
  • Chartered Accountants (CA)
  • Chartered Secretaries (CS)
  • Architects
  • Dentists
  • Veterinary Doctors
  • Teachers of renowned schools and colleges
  • Teachers of UGC-approved Universities
  • Permanent Government Officials
  • Cost & Management Accountants (CMA)
  • Information Technology (IT) Professionals
  • Bankers
Additional Benefits:
  • Credit Card Facility: Eligible professionals may avail a Credit Card facility, subject to the Bank’s prevailing eligibility, credit assessment and applicable terms and conditions.
  • Concessional Rate: Customers maintaining a DPS of BDT 5,000 or above for 5 years or more, without default or premature encashment, may enjoy an additional concessional interest rate on eligible loan facilities.
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
Tenure
  • Maximum 6 (six) years
Purpose
  • Brand new, reconditioned and registered used car
Benefit
  • Quick processing
Taxes, Duty, Surcharges
  • As per NBR circular
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