Auto Loan

Enjoy your future with a new car

Auto Loan

Enjoy your future with a new car

“Auto Loan” of CBC paves the way to acquire your dream car in the easiest way.Just decide the model, our Auto loan will bring it to your drive way in no time.

Salient features

  • A Loan facility for purchasing brand new/ reconditioned cars
  • Loan Amount: Up to BDT 4 Million
  • Competitive interest rates and absolutely transparent fees & charges
          Nearest Commercial Bank branch »
  • Maximum Tenor: 5 Years
  • Options for early settlement and partial pre-payment of the loan
  • Income of spouse, parents and siblings if any are considered
  • Available at All Branches of CBC in Bangladesh.
  • Maximum allowable age of the vehicle is 5 years (from the year of manufacture).
  • Security: Hypothecation of the car
  • Equity: 50 percent

To qualify

You should have a regular monthly income, individually or jointly with your spouse. This income should be sufficient to meet the monthly loan commitment as well as living and other expenses.

Age
 Minimum age 23 years
 Maximum 60 years at the time of maturity
 Professional Experience:
 Salaried: Confirmed Employee having 1 year continuous service with current employer*
 Businessman: Minimum 3 years of Business experience in same business (with adequate proof)*

Banking Relationship
 Customer must have minimum 6 months satisfactory banking relationship with CBC or minimum 1(one) year satisfactory banking relationship with any schedule Bank in Bangladesh

Required Documents

  • Latest one year’s personal bank statement
  • Photocopy of national ID/Passport
  • One copy passport size photograph of the applicant
  • One copy passport size photograph of guarantor
  • Price quotation of the vehicle
  • Business card/ visiting card of the applicant
  • Personal TIN certificate

Additional documents required for Salaried Individuals

  • Letter of Introduction stating salary, issued by the employer
  • Latest one year salary account statement

Additional documents required for business person

  • Copy of Trade License
  • Company’s bank statement for last one year
  • Memorandum of Articles for Limited Liability Company

Additional documents required for self employed person

  • Professional Certificate issued by authorized institution

Additional documents required for self landlord

  • Valid documents of the property
  • Rent receipt/deed

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Apply for a loan

Who can apply

 If you are a self employed professional, non employed or employed student registered with an education course provider, you can apply for a Students’ Loan.

How to apply

 Download application form and submit the filled form to any Commercial Bank branch
 You can also visit a branch of your choice to apply for the loan

Auto Loan

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K Sripavan

Chairman

Mr Kanagasabapathy Sripavan was appointed as the Chief Justice of the Democratic Socialist Republic of Sri Lanka in January 2015 and held office until March 2017. During this period he functioned as the Chairman of the Judicial Services Commission of Sri Lanka, Chairman of the Incorporated Council of Legal Education, Chairman of the Sri Lanka Judges’ Institute and Chairman of the Superior Court Complex Board of Management.

Mr Sripavan was enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka in 1977. He obtained a Diploma in Industrial Law from the University of Colombo in 1992 and Master of Laws from the University of London in 1994.

He functioned as the Head of the Court of Appeal Unit in the Attorney General’s Department and handled a large volume of work both in the Court of Appeal and in the Supreme Court including Bills and Fundamental Rights Applications. Prior to the elevation to the Court of Appeal Bench he functioned as a Legal Consultant for the National Savings Bank for two years.

He was appointed a Judge of the Court of Appeal in May 2002 and was elevated to the post of President of the Court of Appeal in March 2007 by his Excellency the President. In March 2008 he was elevated to the Supreme Court Bench.