Car Loan is a term financing facility to individuals to aid them in their pursuit of have a car of their dream. The facility becomes affordable to the clients as the repayment is done through fixed installment s commonly known as EMI (equal monthly installment) across the facility period. Depending on the size and purpose of the loan, the number of installments varies from 12 to 60 months. In case of brand new cars the loan tenure will be maximum 72 months.
Targeted market
The target market for personal loan will mainly comprise of following category.
(1) Salaried employees of institutions in cities where Dhaka Bank Operates.
(2) Professionals who are self employed and have at-least 3 years of independent practice in the area of profession.
(3) Businessmen who are permanent residents of Dhaka, Chittagong, Sylhet metropolis and where Dhaka Bank Operates with at least 3 years of continued operation in the line of business.
(2) Professionals who are self employed and have at-least 3 years of independent practice in the area of profession.
(3) Businessmen who are permanent residents of Dhaka, Chittagong, Sylhet metropolis and where Dhaka Bank Operates with at least 3 years of continued operation in the line of business.
Restrictions and client eligibility
Loans are restricted to Bangladeshi nationals falling in the categories mentioned below. The minimum age for any borrower is 21 years and the maximum age is 57 years with a minimum verified Gross Family Monthly Income of BDT 10,000.
Salaried employees
- Permanent salaried employees with at-least 12 months of confirmed service with the present employer.
- Work station in Dhaka, Chittagong, Sylhet and where Dhaka Bank operates
- University graduates
- Work station in Dhaka, Chittagong, Sylhet and where Dhaka Bank operates
- University graduates
Professionals
- Doctors, Dentists, Engineers, Chartered Accountants, Architects who are members of their professional institutes.
- Practice and location in Dhaka, Chittagong, Sylhet and where Dhaka Bank operates.
- At-least 3 years of continued practice in the respective profession in Dhaka or Chittagong.
- Practice and location in Dhaka, Chittagong, Sylhet and where Dhaka Bank operates.
- At-least 3 years of continued practice in the respective profession in Dhaka or Chittagong.
Businessmen
- Continued operation of the enterprise of at-least 3 years in the present line of business.
- Membership of the trade association.
- A resident of Dhaka, Chittagong, Sylhet and where Dhaka Bank operates for at least 5 continuous years.
- Membership of the trade association.
- A resident of Dhaka, Chittagong, Sylhet and where Dhaka Bank operates for at least 5 continuous years.
Loan amount limits under the program
Minimum loan amount - Not specified
Maximum loan amount - Tk 50,00,000
Source : DHAKA BANK WEBSITE
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