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Get to know what you should be aware of when deciding to buy a car, build a house, investing for your retirement and many other activities.
“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.
• 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
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.
Minimum age 23 years
Maximum 60 years at the time of maturity
Salaried: Confirmed Employee having 1 year continuous service with current employer*
Businessman: Minimum 3 years of Business experience in same business (with adequate proof)*
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
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
Letter of Introduction stating salary, issued by the employer
Latest one year salary account statement
Copy of Trade License
Company’s bank statement for last one year
Memorandum of Articles for Limited Liability Company
Professional Certificate issued by authorized institution
Valid documents of the property
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.
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.