Car Loan - IDLC

Owning car is no longer a luxury anymore; rather it is a useful investment that improves your quality of life. The family car is increasingly becoming a vital part of our everyday life. With IDLC Car Loan, you can own your own car and add excitement to your life.

BENEFITS

• Loan sanction within 72 hours of application receipt*
• An opportunity to finance both brand new and re-conditioned cars
• No security
• No personal guarantee
• Competitive interest rate
• Expert advice on car market conditions
• Dedicated and supportive service both before and after disbursement
• Partial or full prepayment option with minimum charges
* Provided that all required documents have been provided to IDLC

ELIGIBILITY

• You are eligible if you are:
• A salaried executive or professional or a businessman
• Between 22 and 60 years of age
• Minimum monthly income of Tk. 25,000/- (this will include income of spouse in case of joint application)
• A minimum of two (2) years of service
• A resident of Dhaka or Chittagong

LOAN AMOUNT

We provide maximum assistance to fulfill your requirement. We are ready to finance both brand new and re-conditioned cars. You can avail car loan from Tk 200,000/- to Tk. 4,000,000/- or 70% of the value of your car (including registration cost), whichever is lower. If you are ready to provide 50% of the car value as cash deposit with IDLC, you will enjoy a special rate for your entire car loan.

PREPAYMENT TERMS

With our attractive car loan package, you are able to repay the loan according to your convenience. Choose a maximum of 60 months to repay the loan for your brand new car or re-conditioned car

DOCUMENTATION REQUIRED

Employed

• One recent copy of passport size photo, National ID card and Bio data
• Application form (properly filled up)
• Employment confirmation form (properly filled up)
• Price quotation from the vendor
• CIB undertaking form (properly filled up)
• Latest salary slip/salary certificate
• Personal bank statements for last 12 months
• Rental income/other income documents
• Documents supporting other fixed assets
• Documents supporting liquid assets

Self Employed

• One recent copy of passport size photo, National ID card and Bio data
• Tax assessment paper for last 3 years
• Profit & Loss account and Balance sheet of business for last 3 years
• Company bank statements for last....months
• Memorandum & Articles of Association with form Xll of the company
• Trade license
• Price quotation from the vendor

Non Resident Bangladeshi (NRBs)

• One recent copy of passport size photo and Bio data
• Photocopy of the passport with evidence of arrival of port of entry, visa stamped pages
• Employment contract
• Residency permit/work permit
• Latest work permit
• Overseas bank statements for last 12 months months
• Tax papers for last three years
• Utility bills copy