Auto Loan from Bank Asia Limited
Bank Asia has been launched by a group of successful entrepreneurs with recognized standing in the society. The management of the Bank Asia consists of a team led by senior bankers with decades of experience in national and international markets. The senior management team is ably supported by a group of professionals many of whom have exposure in the international market. It set milestone by acquiring the business operations of the Bank of Nova Scotia in Dhaka, first in the banking history of Bangladesh. Bank Asia has been actively participating in the local money market as well as foreign currency market without exposing the Bank to vulnerable positions.
Bank Asia Limited started its service with a vision to serve people with modern and innovative banking products and services at affordable charge. Being parallel to the cutting edge technology the Bank is offering online banking with added delivery channels like ATM, Tele-banking, SMS and Net Banking. And as part of the bank’s commitment to provide all modern and value added banking service in keeping with the very best standard in a globalize world. Now The Bank Asia introducing consumer financing product. Auto Loan product is one of the best products of Bank Asia.
Auto Loan from Bank Asia
Auto Loan product will allow car financing to the customer segment. Under this scheme, the vehicle is hypothecated to the bank only. In addition to this registration requirement, on a case-to-case basis, bank may also secure the Auto Loan partially by the commonly acceptable form of cash/quasi cash securities available in the market.
Customer Segment of Auto Loan from Bank Asia:
Any Bangladeshi individual who has the means and capacity to repay bank loan from Bank Asia; In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non-Government Organizations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed / self-employed tax-paying individual having a reliable source of income. They Can easily to get Auto Loan from Bank Asia.
Auto Loan Feature of Bank Asia:
● Loan amount Maximum Tk.20, 00,000.00 for both Recondition & Brand New Car
● Repayment tenure Maximum 5 years for reconditioned car & 6 years for Brand new car
● Payment method- Equal Monthly Installments
● Competitive interest rate
● No early settlement & partial adjustment fees
● No hidden cost
Auto Loan Eligibility of Bank Asia:
● Age limit: Minimum 25 years, Maximum 65 years at loan maturity
● Monthly surplus income (after meeting all expenses) shall be at least Tk. 15,000/-
● For salaried individual, minimum service length of 3 years and must be a confirmed employee. For self-employed individual, a business record of minimum 3 years
Reference by: Bank Asia Auto Loan