Prime Bank Limited

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Car Loan

Get and drive your dream car through our wonderful car loan facilities. We offer you to materialize your dream of owning a car. Whether you want to purchase a brand new car or a reconditioned one, we care your requirement!

We offer CAR LOAN with most privilege that you look for:

Features:

	Offer to purchase brand new or reconditioned vehicle/auto for personal use purpose.

	Attractive variable interest rate

	Competitive processing fee & early settlement fees

	Flexible loan tenor (Maximum 06 years for brand new vehicle & 05 years for reconditioned vehicle)

	Minimum loan amount is BDT 500,000 and maximum loan amount is BDT 40 Lac or 50% of the vehicle’s price, whichever is lower

	Loan repayment with Equal Monthly Installment (EMI)

	Convenience loan processing (Time & Location)

	Mariner segment may avail car loan facility subject to addition of joint- applicant

Requirements:

	Age: Minimum 25 years and maximum 65 years (Including loan tenure)

	Personal Guarantor: One (01)

	Common Required Documents:

	- Recent passport size color photographs of applicant and guarantor(s)

	- Copy of NID/passport of applicant and guarantor (s)

	- Copy of latest utility bill (gas/water/electricity/municipal tax)

	- Quotation of purchasing car issued by Car Vendor/Showroom

	- Business card/copy of office ID of applicant and guarantor(s)

	- Copy of latest tax clearance certificate/E-TIN

	- Latest 12 months bank statement for businessmen (06 months for others)

	Additional documents required for Salaried Person/Self Employed:

	- Original Salary Certificate/Letter of Introduction (LOI)

	- Copy of Pay-slip

	- Offer letter/Release letter from previous employer to prove service experience

	- Professional certificate issued by concerned authority

	Additional documents required for Businessmen:

	- Copy of latest trade license

	- Copy of MOA, AOA, Certification of Incorporation, Latest Form XII & X (Limited Company)

	- Copy of Registered Partnership Deed & Form I (Partnership Firm)

	Additional documents required for Landlord:

	- Copy of property title deed and latest mutations

	- Copy of valid rental deed with tenants

	- Copy of utility bill copy

	- Copy of latest ground rent receipts and municipal tax receipts

Prime Bank may request for any other relevant documents, if necessary.

*Conditions Apply