Prime Bank PLC.

From work commute to hangouts to spontaneous road trips, glide with your new car.

Loan Amount up to

BDT 60 Lac

Loan Tenor up to

6 Years

Variable

Low Interest Rates

Features

Offer for purchase of brand new and reconditioned car for personal use.
Loan amount ranges from BDT 3 Lac to BDT 60 Lac (or up to 70%^* of car value whichever is lower)
Competitive Processing & Early Settlement Fees.
Quick and hassle-free loan processing with minimal documentation

*For Standard Car, the loan amount is 60% of the vehicle price or BDT 6 million (60 Lac); whichever is lower
*For Hybrid/Electric Car, the loan amount is 70% of the vehicle price or BDT 6 million (60 Lac); whichever is lower

Eligibility

Age must be between 25-65 years.

Requirements

Minimum Gross Monthly Income:
- Salaried Executives: BDT 30,000
- Doctor: BDT 30,000
- Self – Employed/ Professional: BDT 50,000
Length of Experience:
- Salaried executives: Minimum 1 year experience with 1 month employment with present employer
- Doctor: Minimum 1 year experience with 1 month employment with present employer
- Self – Employed/ Professional: Minimum 3 years' experience
Personal Guarantor: Minimum: 01
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)
Copy of Latest tax clearance certificate/E-TIN
Business card/copy of office ID of applicant and guarantor(s), if any
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
Latest 06 months bank statement.

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

Minimum Gross Monthly Income of BDT 50, 000
Length of experience: 1 year (in the same line of business) with total business length should be at least 3 years.
Personal Guarantor: Minimum: 01
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)
Copy of Latest tax clearance certificate/E-TIN
Business card/copy of office ID of applicant and guarantor(s), if any
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)
Latest 12 months bank statement