Car Loan

OBPLC Car Loan

OBPLC Car Loan is a terminating loan facility for the purpose of financing purchase of brand new and reconditioned unregistered vehicle, for personal use only, under an Equated Monthly Installment (EMI) based repayment plan.

Features:

  • Loan amount ranges from BDT 2,00,000/- to BDT 60,00,000/- and BDT 80,00,000/- for hybrid & electric car.
  • Repayment tenure: Up to 60 months
  • Competitive interest rate
  • Quick processing time
  • Loan processing fee @ 0.50% for the loan amount up to Tk. 50 lac but not exceeding Tk. 15,000 and @ 0.30 % for the loan amount above Tk 50 Lac but not exceeding Tk 20,000.

Eligibility:

Any credit worthy individual having age between 21 to 70 years or retirement age whichever is earlier at loan maturity

Experience:

  • Salaried Executives: Regular/Permanent employees with minimum 1 year of total experience and minimum 6 months with present employer
  • Professionals: Minimum 2 years of practice in their respective profession
  • Business Individuals: Minimum 2 years of business establishment

Minimum Gross Monthly Income:

  • BDT 40,000/-

Retail Loan