“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
• Maximum Tenor: 5 Years
• Options for early settlement and partial pre-payment of the loan
• Income of spouse, parents, and siblings if any is 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 the same business (with adequate proof)*

Banking Relationship

• Customer must have a minimum 6 months satisfactory banking relationship with CBC or a minimum 1(one) year satisfactory banking relationship with any scheduled 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 of passport size photograph of the guarantor
• Price quotation of the vehicle
• Business card/ visiting card of the applicant
• Proof of submission of updated Income tax return

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

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

Apply Now