AB Bank – Car / Auto Loan

Purpose
To purchase any unregistered vehicle for personal use.

Loan Ceiling
50% of the price of the vehicle subject to maximum Tk. 40 Lac.

Fees
Application fee: Free
Processing fee: Loan Limit up to Tk.50.00 lac @0.50% but not over Tk.15,000.
Loan Limit above Tk.50.00 lac @0.30% but not over Tk.20,000.

Tenor
Tenure up to 60 months

Rate of Interest
Current Rate of Interest 9%
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Security
The vehicle will be registered in the name of the Bank on account of the customer.

Guarantee
Spouse or any immediate family members.