Auto Loan

BARAC Bank Car Loan: 

It's time to own an Car.

Whether or not you wish to have to buy a company new car or a reconditioned one, BRAC financial institution Auto loan is constructed for highest velocity and efficiency. Get your dream auto on the street very quickly.

  1. To be had for Salaried individuals, industry folks, Self Employed & Landlord.
  2. Minimum Age: 25 Years
  3. Maximum age: sixty five years at the time of mortgage maturity
  4. Minimal month-to-month sales: BDT 25,000 (for salaried); BDT 35,000 (for others)
  5. Length of provider: validated employment with total 1 yr work expertise
  6. Age of industry: Min 3 years.

    Up to 50% of quoted price of the automobile

    Gighest mortgage ceiling up to BDT forty Lac*

    Curiosity expense: starting from 10.Seventy five%

    Tenure : 12 to 60 Months

    For brand new and reconditioned cars

Documents Required
  1. Bank Statement (Last One Year)
  2. National ID (Photocopy)
  3. Passport size photo : One copy  
  4. Guarantor passport size photo: One copy
  5. Price quotation: 3 Copy
  6. One copy Application, One visiting card
  7. Update Tax return/certificate

Documents for Company/Job/salaried individual
*Letter of introduction stating cash, issued by means of the company authorized person.

Documents required for business individual
Trade License
Bank Statement (One Year)
Memorandum of Articles (Photocopy)

Documents required for for Land/Home/Flat owner
   Legitimate records of the property