Bike Loan

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

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.

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.

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.

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.