Auto Loan
“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
Nearest Commercial Bank branch » - Maximum Tenor: 5 Years
- Options for early settlement and partial pre-payment of the loan
- Income of spouse, parents and siblings if any are 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 same business (with adequate proof)*
Banking Relationship
Customer must have minimum 6 months satisfactory banking relationship with CBC or minimum 1(one) year satisfactory banking relationship with any schedule Bank in Bangladesh
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 same business (with adequate proof)*
Banking Relationship
Customer must have minimum 6 months satisfactory banking relationship with CBC or minimum 1(one) year satisfactory banking relationship with any schedule 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 passport size photograph of 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
Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.
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
You can also visit a branch of your choice to apply for the loan
Related Products
Personal Loan
Home Loan
