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Contact Info

Moonshine St. 14/05
Light City, London
info@email.com
+00 (123) 456 78 90

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Bike Loan

If you have been thinking about purchasing a bike in the near future but do not have the finances to do the same, a two wheeler loan might help. With a bike loan, you do not have to shell out your savings as you can purchase your favourite bike and pay back the loan amount via equated monthly installments.

Loan amount up to BDT 10 lac including registration fee Up to 80% financing.

City Bank Ltd.

Interest Rate Range

11 % Floating.

Processing Fee

1 %

Loan Amount

BDT 10 Lac Max.

Loan Tenure

1-3 Years.

No processing fee & documentation charge for female customers. (100% financing for female customers)

Fees & Charges

  • Processing Fee 1.5% of the loan amount (waived for female customers)
  • Documentation charge BDT 1000 (waived for female customers)
  • CIB Charge Nil
  • Late-Payment Charges (LPC) BDT 250
  • Penal Charge 2% p.a. on the arrear amount in addition to the delayed payment.
  • EMI Early settlement Nil

Features

  • Loan amount up to BDT 10 lac including registration fee Up to 80% financing (100% financing for female customers)
  • Loan tenure: 6 - 36 months
  • No processing fee & documentation charge for female customers.
  • 0% early-settlement fee.
  • Multiple bike purchase facility.
  • 95% loan against FDR of City Bank.

Eligibility

  • Minimum Experience: Salaried Person: 1 year.
  • Business Person, Freelancer or Professional: 1 year
  • Foreign Remittance Earner: 6 Month.
  • Minimum Monthly Income:
  • Salaried Person (Account Payee): BDT 15,000
  • Business Person, Professional, Landlord/Landlady: BDT 25,000
  • Freelancer- BDT 30,000
  • Foreign Remittance Earner- BDT 20,000

Loan amount minimum BDT 50,000 – BDT 4,00,000

Eastern Bank (EBL)

Interest Rate Range

12.00 % Floating.

Processing Fee

1.5 %

Loan Amount

BDT 4 Lac Max.

Loan Tenure

1 - 6 Years.

Target Customer: Salaried Executives, Businessman, Professional & Land Lord/Lady, Contractual Employee, Freelancer.

Fees & Charges

  • Processing Fee 1.5% of the loan amount (waived for female customers)
  • Documentation charge BDT 1000 (waived for female customers)
  • CIB Charge Nil
  • Late-Payment Charges (LPC) BDT 250
  • Penal Charge 2% p.a. on the arrear amount in addition to the delayed payment.

Features

  • Loan amount minimum BDT 50,000 – BDT 4,00,000
  • Repayment tenor maximum 60 months (up to 99k -max 36 months & Above199k – max 60 months).
  • LTV- Highest 70% of the bike price will be given as loan.
  • Joint Registration (Customer & Bank)
  • First party insurance is mandatory.
  • Target Customer: Salaried Executives, Businessman, Professional & Land Lord/Lady, Contractual Employee, Freelancer.

Eligibility

  • Age: Min- 21Years (at the time of application) & Max-60 Years (at the end of loan tenor)
  • Experience: Minimum 1 year of continuous experience (6 month with present employer)
  • Income: Minimum BDT 20000, Minimum 15000 for Govt. Salaried (Cash or Bank payee)
  • Professionals: Income: Minimum BDT 25000.
  • Businessman: Experience: Minimum 2 years of business experience (as per trade license), Income: Minimum BDT 25000.
  • Land Lord/Lady: Income: Minimum BDT 25000.
  • Contractual employee: Experience: Minimum 2 years of continuous experience. Income: Minimum BDT 25000 (cash or bank payee)
  • Freelancer: Income: Minimum BDT 20000 (Average of last 6 months bank reflection) Guarantor: One personal Guarantor is required.

Up to BDT 10 lac Loan amount.

BRAC Bank Ltd.

Interest Rate Range

12 % Floating.

Processing Fee

1 %

Loan Amount

BDT 10 Lac Max.

Loan Tenure

3 Years.

Financing up to 80% of the bike’s retail value & 100% for Female Customers.

Fees & Charges

  • processing Fee 1.5% of the loan amount (waived for female customers)
  • Documentation charge BDT 1000 (waived for female customers)
  • Late-Payment Charges (LPC) BDT 250
  • Penal Charge 2% p.a. on the arrear amount in addition to the delayed payment.

Features

  • Up to BDT 10 lac Loan amount.
  • Financing up to 80% of the bike’s retail value.
  • 100% for Female Customers.
  • Early settlement Facility.
  • Up to 36 months’ installment.

Eligibility

  • Age Limit: 21 years to 65 years.
  • Resident of City Corporation Area.
  • Target Customer: Salaried Executives, Businessman, Professional & Land Lord/Lady, Freelancer.

Maximum Limit up to BDT 5 Lac or 80% of the motorcycle price

Prime Bank Ltd.

Interest Rate Range

12.00 % Fixed.

Processing Fee

1 %

Loan Amount

BDT 5 Lac Max

Loan Tenure

1-3 Years.

Penal Charge 2% p.a. on the arrear amount in addition to the delayed payment.

Fees & Charges

  • Processing Fee 1.5% of the loan amount (waived for female customers)
  • Documentation charge BDT 1000 (waived for female customers)
  • Late-Payment Charges (LPC) BDT 250
  • Penal Charge 2% p.a. on the arrear amount in addition to the delayed payment.

Features

  • To Purchase Brand New Motorcycle.
  • Attractive Interest Rate.
  • Competitive Processing Fee.
  • Flexible EMI Facility for 12/24/36 Months.
  • Optional Life Insurance Coverage from MetLife Bangladesh.
  • Maximum Limit up to BDT 5 Lac or 80% of the motorcycle price, whichever is lower.
  • Additional loan limit of 10% for borrowers opting into Life Insurance scheme.

Eligibility

  • Legal form of business.
  • Proprietorship concerns.
  • Partnership Firms.
  • Private Limited.
  • Age Limit: 21 years to 65 years.
  • Resident of City Corporation Area.

Loan Size: Tk.1.00 Lac for Motorcycle.

Uttara Bank Ltd.

Interest Rate Range

11.00% Floating.

Processing Fee

1.5 %

Loan Amount

BDT 5 Lac Max.

Loan Tenure

1-3 Years.

Loan to Value Ratio: Maximum 50% of the cost of the Car/Motorcycle is allowed.

Fees & Charges

  • Processing Fee 1.5% of the loan amount (waived for female customers)
  • Documentation charge BDT 1000 (waived for female customers)
  • Penal Charge 2% p.a. on the arrear amount in addition to the delayed payment.

Features

  • Loan Size: Maximum amount of loan under this Scheme will be Tk.10.00 lac (Taka Ten Lac) for Car and Tk.1.00 Lac for Motorcycle.
  • Loan to Value Ratio: Maximum 50% of the cost of the Car/Motorcycle is allowed.
  • Tenor: Minimum 1 Year; Maximum 5 Years.
  • Availability Period: Maximum 6 months from the date of sanction advice.
  • Prepayment: Loan to be prepaid on payment of 2% breakage cost on prepayment amount.
  • Disbursement Mode: By issuing payment order directly to the seller.
  • Debt Burden Ratio (DBR%): A maximum of 33% based on net monthly income.

Eligibility

  • Purpose: To Purchase a brand new or reconditioned Car for personal use only.
  • To Purchase a brand-new Motorcycle for personal use only.
  • Minimum age 25 years (At the time of application)
  • Maximum age at loan maturity up to 60 years (At the end of Loan Tenor)
  • For salaried individual, must be Permanent & Confirmed employees of a relevant firm with minimum 3 years’ experience in the present organization.
  • For Businessmen, Business Record of minimum 2 years.
  • Yearly income should be At least three times of the total yearly installments amount of applied loan.

Disclaimer: At Loanbazaarbd.com, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.